Home title fraud is when a person transfers your deed or title to their name without you knowing.
INDIANAPOLIS —
Scammers can quite literally scam you out of house and home. Although rare, home title fraud does happen and there are plenty of free ways Indiana homeowners can keep an eye out for it.
Here’s what you need to know.
What is home title fraud?
Home title fraud is when a person transfers your deed or title to their name without you knowing. Meaning they scoop your property right out from under you using forged documents.
The Better Business Bureau said scammers will sometimes choose a second home, rental or vacant house.
Once the scammer becomes the owner, they can use your equity to get loans or sell the house.
Does it happen often?
Identity theft expert Carrie Kerskie, president of Kerskie Group, said title theft is not common in her experience.
“In the 15 years that I’ve been working with identity theft and fraud victims, I’ve only seen a handful of these cases,” Kerskie said.
While Kerksie said the chances of home title theft are slim, it…
