![]() ![]() ![]() Want to dig a little deeper? Here’s what you need to know about a home title lock. But many counties have a system where you can register for notification for activity that may occur on your title.”Ĭlark says companies that promote home title locks “are really only doing for a fee what counties now providing the email notifications for free are doing anyway.” “There is a rare event of somebody trying to steal the equity out of people’s homes. This service only focuses on monitoring the title to your home or property, looking for signs of potential deed fraud or title theft. ![]() Is this just another product marketed on the basis of fear? Is there any difference in concern or threat level of this title theft happening if you own your home outright instead of having a mortgage?” Clark’s Take on Whether You Should Pay To Lock Down Your House TitleĬlark asked five real estate lawyers, and they all said the same thing: Paying a company to put a lock on your home’s title is a waste of money.Ĭlark says: “This is, for the most part, a solution looking for a problem.” If you are looking for identity theft protection, Home Title Lock is going to be too simplistic for you. Do You Need To Pay To Protect the Title to Your House?īob from Georgia asks: “I’ve heard commercials about basically locking down your house title and how you can protect your title for a fee. The FBI reported losses totaling more than 5 billion in 2015 as a result of title and mortgage fraud. Welcome to Ask Clark, a column designed to answer your financial questions, by money expert Clark Howard. In fact, it’s been reported that title and mortgage fraud are one of the fastest-growing white-collar crimes in America. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |