FastDeeds.com “DEED ALERT” program is an early warning system that provides homeowners protection against property fraud. Fraud scams have become increasingly sophisticated, and have resulted in millions of Americans being victimized every year.
New York residents beware; it’s one of the top ten worst states with the highest rate of mortgage fraud. Prevent this from happening to you by having us monitor your property records 24/7 to ensure no unauthorized changes are made to your property. If such activity is detected, Deed alert sends a property owner notification through mail, phone and email.
- LEARNING MORE ABOUT PROPERTY FRAUD
A property fraud scam involves someone creating a fake deed, and then recording it at the local land-records office without the actual owner’s knowledge. With the scammer now in position of a legal deed, they apply for a mortgage. Assuming the fraud is not detected during an initial title search, the scammer pockets the loan money and disappears.
After no loan payments are received in the following months, the lending institution starts foreclosure proceedings on the property and the unknowing owner.
In effect, the homeowner must hire a lawyer and go to court to overturn the fraudulent deed. Correcting the problem and clearing the cloud off the title could cost the homeowners thousands of dollars. County recorders’ offices operate with a high degree of customer convenience in recording. But their shortcoming is that state law does not allow them to demand proof of identification from customers – a loophole being exploited by criminals.
The best way to prevent a property fraud scam from taking place is to detect it early.
Scammers typically wait a few months after recording the deed, right before applying for a loan. This is the time when fraudulent deeds can be intercepted and property fraud scams can be avoided.
Fastdeeds.com is America’s most reliable real estate document retrieval company. We maintain a national network of title abstractors who perform thorough searches to retrieve whatever documents you request.
We will provide you with accurate real estate document information in the shortest amount of time possible.
Contact us today to see how we can help.
PROTECT YOUR PROPERTY TODAY!