On The Level - The Home Improvement Blog
Category
Blogger
Date
About our bloggers
Contact our bloggers

House Stealing

 
Welcome to the 21st century where thieves don't bother breaking into homes but rather steal the house itself. The FBI is seeing cases of criminals combining identity theft and mortgage fraud to steal a homeowner's biggest asset. Here's how it works. Thieves identify a home (vacant or occupied) and the owner. Then, they steal the owner's identity and secure the deed to the home, sell the home to an unsuspecting buyer, pocket the profits and disappear. The homeowner continues paying the mortgage the entire time.

The scariest thing about this scam is it's hard to detect and prevent. Homeowners are encouraged to be suspicious if they receive information from a mortgage company that is not their own. Instead of throwing this information away, open it up and figure out why they are contacting you. Homeowners should also check in their county deeds office from time to time for any paperwork or signatures they do not recognize. Contact your local FBI office if you suspect you are being victimized. These scams are rare, but the FBI is watching to make sure they stay that way.



Comments

Login or Register to Comment
Title/Content Author

Law and Order

03/31/2008 12:56 PM Handyman

I think I saw this on an episode of "Law and Order" but they did it by convincing the homeowners to sign the deed over to them to prevent foreclosure. They then resold the home with the old owners still in it.

Member Since
11/19/1998

Total Contributions
763

Login or Register to Comment
  Login or Register to Comm ent






About  | FAQ  | Contact  | Sitemap  | Privacy Policy  | Terms of Use  | Help

© 2016 Renovate Your World LLC