By age 65, the average American’s net worth is nearly $195,000 – consider that 77% of this number is tied up in their home equity. If their home equity would be threatened, basically their entire net worth that they worked so hard their whole life would be in jeopardy. Unfortunately, thanks to scams in the realm of home title fraud, this is exactly what has been happening as of late.
What is home title fraud? A clever scheme by cyber criminals that entails when forged deeds are created using easily accessible online data by utilizing property data from public records – even an example of the owner’s signature. The scammers then file paperwork with the county trying to claim that they own your home.
Don’t take a back seat in terms of safeguarding one of your biggest assets. Check out more about home title fraud and what you can do to protect yourself in the visual deep dive below: