Protecting Your Home From Title Theft
Spokane Police Department issues a warning regarding the rise of home title theft, where criminals exploit identity theft to illegally transfer property ownership. They use forged documents to initiate fraudulent real estate transactions, allowing them to access the property's value or sell it. Homeowners often remain oblivious to the crime until they face foreclosure. To prevent becoming victims, residents are advised to regularly check the county register for any unauthorized filings or liens on their properties. While home title monitoring services exist, individuals can independently verify their records at no cost.
The department emphasizes the importance of reporting any suspected fraud immediately to mitigate potential losses. This type of fraud can also target land parcels, extending the risks beyond residential properties. Being proactive in monitoring property records is essential for safeguarding ownership rights.