![]() Their out would be that the purchaser of the title insurance or guarantee as the case may be obtained it by fraud. The title insurance that every bank requires on a mortgage loan might get burned too. If the bank made a loan on the forgeries they are screwed. You cannot steal real estate by forging a deed or a mortgage after you forge a deed to yourself or whomever. These forged conveyances are ineffective. I am a lawyer too and have been for just short of 50 years. You have to generate a fake identity for every deal you close. Now at the closing with the innocent purchaser putting up money, the only way the scammer gets paid, the scammer has to present id that is suitable for notarization. This company is targeting ordinary homeowners who live in their homes. BUT THAT'S NOT WHOM HOME TITLE LOCK IS TARGETING. So I just told you that t the smart scammer will target properties that are not owner-occupied. ![]() The person who pays the scammer, may be able to sue the title insurance company that closes the sale. In short, if your deed is forged, you have the chance to prove that in an action against the person who pays the scammer. The real owner can defend against the "innocent" purchaser. Why, when the "innocent" third party buyer paying money to the scammer tries to take possesion, they will see the real owner. These tra"innsactions almost certainly would have to focus on properties where the deed owner is not in possession. There are lots of scams involving "straw buyers" and they are relatively easy to track. The deed has to be transferred to a transferee who is either in on the scam or is a "straw buyer". A pattern of fraudulent transactions involving a single registered notary would be detectable by a state notarization board and maybe a title insurance company. The owner's signature has to be forged, and there has to be a fraudulent notarization. Let's look at the initial fraudulent deed. ![]() Here's why I think the type of deed fraud Home Title Lock scares people about is exceedingly rare: It takes multiple stages of fraud to pull off, and there are multiple chances of getting caught each time. Most of their time is spent on cases involving improper mortgage servicing (for example: failure to credit payments properly) and improper fees. I don't really do consumer mrotgage cases anymore, but I am in contact with fellow consumer attorneys that do.
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