Secure Title Lock

As a prospective homebuyer, you'll encounter various documents. This can get overwhelming very quickly. You'll deal with mortgage contracts, deeds, sales agreements, and many more. To help make things clearer, here's a brief guide on land titles: What It Is A title is proof of ownership. It's evidence that a piece of property, whether it's land or a house, belongs to you. Without it, the legal system will not recognize your claim. It contains the full name of the owner. You'll also find the technical descriptions of the property and any annotations about the transaction and other relevant information. How It's Transferred A title transfer occurs as you close your negotiations under the terms both parties agreed upon. For this to happen, the buyer will be given a deed. The document shows the people involved, the parcel of land, and the requirements of the transaction. Once the deed is filed at the county office, they'll produce a title w...

Scams are prevalent in all businesses, and the real estate market isn't spared from them. Whether it be a contractor who asks to get paid for work not done or a seller projecting sketchy motives, they'll do anything to turn homeowners and prospective buyers' hard-earned money into a quick profit. To help spot these schemes, here's a rundown of the most common real estate frauds. Plus, some advice on how to avoid them. Online Rental/Sale Scams  Fraudsters copy a listing and publish it on different websites with their information, pretending they're the owner or manager of the property. Others will hack into original posts and offer them at a very low price. They ask victims to wire a security deposit, months of advanced payment, or broker fees. How to avoid them:  Beware of sellers who ask for an upfront payment that must be wired abroad. Read all the terms and conditions before signing anything. Mortgage Compression or Loan Modification Scams T...

Are you a homeowner? Then, you should learn about title theft, as this criminal scheme threatens the security of your property. Knowing more about it can help you avoid falling prey to this crime. Here are some of the most frequently asked questions about it. What is title theft? Title theft, which is also known as property fraud, happens when people steal your identity and use it to impersonate you. They then do legal and financial transactions to transfer your home under their ownership. Once they have your assets in their hands, they'll take out as many loans as possible, using these as collateral for the debt. Usually, the homeowner is unaware of these illegal activities until they're notified by the lending party that they want to foreclose the house. How do these criminals perform identity theft? They obtain your personal information, such as your birth date, Social Security number, and credit card details using various means. It used to be a pretty rare probl...