Protecting Your Home From Title Theft
Spokane Police have issued a warning about the growing threat of home title theft, where criminals use identity theft to illegally transfer ownership of homes. These fraudsters create forged documents to initiate real estate transactions, allowing them to either sell the property or secure loans against it. Many victims remain oblivious to the fraud until it's too late, resulting in significant financial loss. Residents are encouraged to actively check their property records at the county register for any unauthorized filings. Utilizing home title monitoring services can also be beneficial.
Prompt reporting of suspected fraud is essential to mitigate potential damages. This rise in fraudulent activities underscores the need for community awareness and preventive strategies. Being proactive can significantly reduce the risk of becoming a victim of title theft.