Two words: Title Insurance - one time purchase.
“For the last 26 years, I’ve been a real estate agent. “
On every house transaction I had to ‘school’ the agent.
Scammers cannot take your home or your equity.
The ones who will loose out is the bank or creditor making the equity loan to the scammer as it will fall back to them.
I noticed Newt has changed his language in the Title theft commercial
My real estate lawyer friend laughs at these commercials.
It’s a BS story, scammers selling insurance you don’t need.
Title Insurance from a Title Company when buying, selling or loaning is the answer. Lenders require it.
So many conservate broadcaster are pushing this scam.
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Bill o’really here! Home Title Lock. I always hated bill o’reilly. Also Hannity. But alsk some of my other really favorite talk show hosts read the script as an advertisement. I think the advertisers like the authoritative voice to deliver their message. I don’t believe it for a minute. I really don’t respect the people who sell this and it tarnishes the radio personalities that perpetuate it. It makes daytime conservative talk radio look bad.
i have the title AND the title-chain (all the way back to the confiscation of the property from the Seneca) in my bankbox
and if the clerk saw my property on her desk wiout hearing from me or my being there, she’d call the Sheriff’s office next door...
If you are at the $500k mark Liability insurance is highly recommended.
Would any loss be covered by liability insurance?
bump for later
This is a scam in its own right! Don’t need it!
I worked for quite a while for a major title insurance company (among many other real-estate related things) One of the things a company that does title insurance is supposed to do, is a check though real estate records and other sources to make sure the title is clear.
They actually did a study and looked at how it would affect their bottom line if they did absolutely =nothing= after accepting the ‘title insurance’ payment. They determined that paying off the (very) rare claim was a cost they could eat while they simply banked the money. I don’t think they acted on that information, but it was useful for them to know. Flood insurance was almost a bigger scam. They would do what they called a ‘flood cert’ for a specific property and store the results in a database. Next time that property came up on the market they just did a database query and billed the ‘customer’ full price. It was extraordinarily lucrative, especially since the likelyhood of the request for a ‘flood cert’ coming through them was =very= high because of their market position.
No scammer can borrow a friggin dime until the mortgagor cancels the Deed of Trust.
It’s a bullshit product.