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Is title insurance a hoax?
The risk that title insurance protects against is real. It's just very, very, very unlikely. By scouring the public record, it's possible to dig up a handful of cases where faulty deed records have led to nightmarish litigation that the title company stepped in to pay for.
Stewart Blew It – Is Title Insurance A Scam?
Can someone steal your house without you knowing?
House stealing may sound scary, but it's actually quite rare. Sometimes called deed fraud or title theft, house stealing happens when a criminal uses forged documents to fraudulently transfer someone's property deed into their name.
Can someone steal your house without you knowing?
House stealing may sound scary, but it's actually quite rare. Sometimes called deed fraud or title theft, house stealing happens when a criminal uses forged documents to fraudulently transfer someone's property deed into their name.
What are the three most common types of title insurance?
- Lender's policy.
- Owner's policy.
What does title insurance protect you against in the future?
Title insurance protects against claims from defects. Defects are things such as another person claiming an ownership interest, improperly recorded documents, fraud, forgery, liens, encroachments, easements and other items that are specified in the insurance policy.
Why is Texas title insurance so high?
Texas has the most heavily regulated title insurance market in the country. Unlike all but one other state, the government sets a fixed rate for title insurance, preventing competition for consumer's business. This rate functions as a monopoly price that consumers are forced to pay.
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How can you protect yourself from stealing your house?
- Keep An Eye Out For Missing Bills.
- Monitor Your Credit Report.
- Make Sure You Have Title Insurance.
- Enroll In Title Protection Services.
Can cyber criminals steal your home?
There's a growing threat lurking within the dark corners of the internet. It's a cybercrime known as home title theft, and if if you own any sort of equity in your home, you're at risk of becoming a victim of what the FBI is now calling one of the fastest-growing white-collar crimes in America.