This presentation by the Money 2.0 Conference digs into one of the most concerning scams costing a roof to many- Asset Title Fraud. With the help of this presentation, you get a fair picture of the deed fraud and fraum, the consequences, and how it can be tackled effectively.
4. ● Deed Fraud is the theft of assets by scamming the proprietor without their
knowledge. In such frauds, scammers illegally transfer and record the real estate
title in their name without the consent of the actual owner.
● A deed scam is another type of identity theft; spammers begin by stealing your
identity, forging your name, and then taking the title of your home.
● Though it seems simple to get your title back from the fraudsters, nothing stays
simple once you try to bring it to justice.
● An eminent conference like the Money 2.0 Conference talks about deed fraud and
how vacant properties are the main targets of criminals. When the legal owner is
passed away, scammers take advantage of the opportunity and start living in the
house.
● Or, sometimes, fraudsters sell the asset to bag as much as possible without letting
the tenants know about the legal owner of the property.
6. Recently in the Money 2.0 Conference, a few finance experts shed some light
on how dangerous deed fraud can be. It can be dangerous in several proven
ways; check out how scammers make good money out of this infamous act:
7. ● They rent out the property illegally without your consent and take the tenants' monthly
payments.
● The fraudsters can even open a home equity line of credit in your name, enabling them
to take away your money and leave you with loan payments.
● Deed spammers try selling the property to a buyer with all the legal documents so they
can easily pocket the profit from the legal buyers.
● Deed scams open a window for criminals to commit reverse mortgage scams, leaving
the actual owner without a roof if caught.
● Real estate experts attended the Money 2.0 Conference and shared the worst-case
scenario of a reverse mortgage scam: the bank or the mortgage broker has all the rights
to put a lien on the property or close it for good and open it for auction!
9. A few of the proven anti-fraud and anti-scam methods, as highlighted in
some global finance conferences like the Money 2.0 Conference, are
mentioned here →
10. Keep An Eye On Your Credit Reports:
Keeping an eye on your credit reports helps you know who is using your credit card and
name for their benefit.
Monitor The Status Of Your Deed:
You should regularly check and monitor your local registry to ensure that no one is carrying
out any illegal acts to affect the ownership of your property.
Get Yourself Owner’s Title Policy:
The best way to shield your property from such scammers is by buying an owner’s title
policy that can help you with deed frauds and cover the costs associated with the problem.
This presentation by the Money 2.0 Conference digs into one of the most concerning scams costing a roof to many- Asset Title Fraud. With the help of this presentation, you get a fair picture of the deed fraud and fraum, the consequences, and how it can be tackled effectively.