Protecting Your Home From Title Theft
Spokane Police warn of increasing incidents of home title theft, a scam where criminals forge documents to wrongfully transfer ownership. By stealing homeowners' identities, they can initiate fraudulent real estate transactions, often without the victims' knowledge. Once the title is transferred, criminals can either sell the property or secure loans against its value. Homeowners are advised to regularly check their property records at the county register for any unauthorized filings or liens. Services for home title monitoring are available, but residents can also take proactive steps for free.
Reporting suspected fraud immediately is crucial to mitigating potential losses. This type of fraud can target both homes and land parcels, highlighting the widespread nature of the issue. Being vigilant can significantly reduce the risk of becoming a victim.