Deed Fraud: What Every Homeowner Needs to Know
Welcome back to another insightful episode of the Clear to Close Podcast! In today’s discussion, our hosts, Josh Thomson, CEO of TechneTitle, and Trey Barrowman, COO, tackle one of the most pressing issues facing homeowners today: deed fraud.
This episode kicks off a two-part series focused on how criminals can steal your home right out from under you by forging documents and filing fraudulent deeds. Deed fraud is a growing problem, and it can happen to anyone. In this episode, Josh and Trey break down how fraudsters choose their victims, how the process works, and, most importantly, what steps you can take to protect your property.
What is Deed Fraud?
Deed fraud occurs when a criminal illegally transfers your property title to their name or someone else’s through forged documents. Once the fraudulent transfer is completed, the criminal can take out loans, sell the property, or even evict you.
Who Do Fraudsters Target?
While anyone can be a victim of deed fraud, criminals often target:
Elderly homeowners
Individuals with second homes or rental properties
Properties that are free of mortgages
Vacant properties
How to Spot Deed Fraud Early
Our hosts will walk you through some critical red flags that might signal deed fraud, including sudden changes to your property records, unexpected loan or mortgage statements, or receiving mail addressed to someone else at your home.
Protecting Yourself from Deed Fraud
During the episode, Josh and Trey share practical tips on how you can safeguard your home from deed fraud, including:
Regularly monitoring your property records
Using title protection services
Securing a homeowner’s policy with adequate fraud protection
Listen to the Full Episode
For a deeper dive into this critical topic, listen to the full episode of the Clear to Close Podcast right here:
Don’t miss out on this important conversation that could protect your biggest investment—your home. Stay tuned for Part 2 of the series, where we'll discuss advanced fraud detection tools and steps to take if you become a victim of deed fraud.
Time Stamps & Show Notes:
(00:00 - 00:55) Introduction
(00:56 - 03:59) What is Deed Fraud?
(04:00 - 05:46) Choosing the Target
(05:47 - 07:11) Reasons for Increase
(07:12 - 10:31) Get Notified of a Problem
(10:31 - 13:06) Prevention and Remediation
(13:07 - 15:21) Paid Tools vs Free Tools
(15:22 - 18:25) Homeowners Policy
(18:26 - 19:07) Closing