House stealing is a new and frightening fraud scheme that literally takes a property right out from under its owner, even if he or she is living in the house at the time.
How it works:
House Stealing: Scarier Than You Think
Want to know what unscrupulous fraudsters, who know their way around property law, can do to ruin your day? Steal you house. Yes, "House Stealing" is the latest brand of identity theft that steals your #1 asset from underneath you. Not physically, but legally. Here's how it works. Your identity is assumed. A fake social security card or driver's license is created. Then, a trip to an office supply store to purchase standard forms to initiate house transfers.
Then, a recording of that transfer, using your identity, at the county office. Does the county know that this request is being done fraudulently? No. Appropriate identification has been shown.
Now, your stolen house is in another's name. The house stealer can sell it to an unsuspecting buyer and pocket the profits. Or borrow against its equity. Your equity.
House stealing is detected like any other identity theft. Through frequent monitoring of your home's liens. Just as credit protection services report on changes at the major credit bureaus, house stealing is thwarted by constantly watching the liens being placed against your home.
As the FBI advises, the very best way to avert house stealing is to monitor your county’s deeds office to assure whatever liens are placed are legitimate. ePropertyWatch makes this chore simple. It brings the data to you. Proactively and conveniently via email alerts and supporting web pages. It’s easy to enroll your home, it’s free to use, and your privacy is always safeguarded. Enroll your home today!