In both Wisconsin and Ohio the title company provided a document called Title Insurance. In Ohio it was required. In Wisconsin it was advised but not mandatory. The purpose is that you are not out if something goes wrong with the title of the house you procured.
Now reading more on this is sounds like blatant forgery and fraud and should be a simple matter of proving that it isn’t your signature.
That has always been the rub. Let’s say someone forges the title and claims ownership..... seems like an easy investigation to show the claim is fraudulent and it would be an easy arrest. You would have realtors, a title company, and claim of ownership (I purchased the home and moved in).
I don’t see how paying a company 10 dollars a month is worth it to monitor my title or that it is necessary?
“Now reading more on this is sounds like blatant forgery and fraud and should be a simple matter of proving that it isn’t your signature.”
I own a office building that is paid in full. Last year I took out a $120k business equity loan to finance major rehab/new roof, doors/windows etc.
The bank knows me. The guy giving me the loan has known me for 25 years but I had to supply two forms of ID, notarized forms in their presence, Last 5 years of tax forms, they even did a credit check, wanted to know all my pension plan account numbers etc etc.
....and these folks have known me for 25 years!!!