![]() Once they have personal information like birth dates and Social Security numbers, they can use it to commit fraud. Home title theft can also occur through mail theft when thieves steal mail from a homeowner’s mailbox to obtain their personal information. Likewise, homeowners who access the Internet using unsecured public Wi-Fi are at higher risk for home title theft. They can then use this information to commit fraud or steal the homeowner’s identity. ![]() If a homeowner has an unsecured Wi-Fi network, criminals may be able to access their personal information if they’re close enough to the router. ![]() Once they have the information, they may sell it on the black market or use it themselves to commit home title fraud. Data Breachesĭata breaches occur when criminals access a company’s or organization’s personal information database. They may install it on the homeowner’s computer without their knowledge or trick them into downloading it by posing as a legitimate website or program. Malware is a kind of software that criminals can use to access a homeowner’s personal information. They may do this by sending an email or letter that looks like it’s from a bank or government agency or by calling the homeowner and pretending to be someone they’re not. Phishing occurs when a criminal pretends to be a legitimate company or individual to get a homeowner’s personal information. Here’s how home title theft typically happens: Phishing Theft can also occur if a homeowner loses sensitive documents like their deed or a mortgage statement. How Does Home Title Theft Happen?Ĭriminals commit home title theft in a few different ways, but the most common avenues are phishing schemes, malware, data breaches, unsecured Wi-Fi networks and mail theft. In the case of unoccupied homes, like secondary residences, the fraudster might sell the house without the owner’s knowledge or rent out the property without permission. The thief may apply for a home equity loan or line of credit in the homeowner’s name and then fail to make payments-exposing the owner to foreclosure and credit damage. Home title theft is a type of real estate fraud where someone uses a homeowner’s personal information to forge a deed and steal their home.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |