Did you know your house may get stolen

[rphillips]

I keep seeing these, stupid, commercials selling something that will keep anyone from stealing your house by fraudulent computer hackers or something.... Just wondering if anyone ever heard of this, other than these commercials?? I just can't imagine how this could happen, If I buy a piece of property me, the seller, and a Notary got to sign and have a Notary seal on bunches of papers, how could this happen with only a buyer and no seller or Notary involved?.

[Vmass]

You peaked my interest. From your description, it is a form of identity fraud. But there are too many steps when purchasing property that it seems very unlikely this could happen.....

sure enough: https://www.forbes.com/sites/lawrenc...h=52d749bc242d

I would love to know their sales numbers.

[Suzukian]

Actually, my wife works for the largest bank in New England, she is a Documentation Specialists . What happens is things like motor homes, boats, cars, etc. can be purchased by stealing someone's identify and the ownership of their home on paper and using it as equity. If your bank does not cover this, it can cost you a lot of money to undo.

I had my identity stolen 7 years ago. I had just obtained a credit card for online purchases. I purchased parts from a local car parts store, and ordered electronic parts for an ISO9000 certified distributor of parts. The person on the line who took the order sold the I.D. on my card. I started getting emails from Paypal that I owed $14,000 dollars for stereo equipment I purchased in Brazil. My wife took care of it immediately. I spoke to the President of the Electronics Company, telling him I was about to call the F.B.I., and it turned out that one of their employees was responsible. He paid over $15K a year for Phishing protection but one human bypassed it. The guy was from Brazil. He was arrested, and got into really bad trouble. I was not charged for the electronics. It's possible, check with the bank you do business with to see what protection they offer, most offer pretty comprehensive coverage with your account. If they don't, find a new bank, quick.

[Cipher]

Actually, my wife works for the largest bank in New England, she is a Documentation Specialists . What happens is things like motor homes, boats, cars, etc. can be purchased by stealing someone's identify and the ownership of their home on paper and using it as equity. If your bank does not cover this, it can cost you a lot of money to undo.

I had my identity stolen 7 years ago. I had just obtained a credit card for online purchases. I purchased parts from a local car parts store, and ordered electronic parts for an ISO9000 certified distributor of parts. The person on the line who took the order sold the I.D. on my card. I started getting emails from Paypal that I owed $14,000 dollars for stereo equipment I purchased in Brazil. My wife took care of it immediately. I spoke to the President of the Electronics Company, telling him I was about to call the F.B.I., and it turned out that one of their employees was responsible. He paid over $15K a year for Phishing protection but one human bypassed it. The guy was from Brazil. He was arrested, and got into really bad trouble. I was not charged for the electronics. It's possible, check with the bank you do business with to see what protection they offer, most offer pretty comprehensive coverage with your account. If they don't, find a new bank, quick.

I wonder if Brazilian jails are nice. At least he'll be popular on Thursdays dance night.

[Suzukian]

I used to work for the Federal Corrections Institute. They go in with a number 1 cavity and usually exit with a number 9.

[trent]

I've I heard of one such story. If I remember right long time ago and not same circumstances that are now being used.

Case I heard of was one loaning institute selling to another and another ....the loan to one another and somehow a bad guy got in the mix.

I stuck with local bank for my home, but know people who have had their lender bought out and everything was fine.

The tactics and length I hear criminal minds take are sometimes fairly clever.

Even some of the depth store, walmart thieves come up with ways to get around Camaras and technology are kinda clever, makes ya wonder why they don't just get a real job and quit their B.S

[Suzukian]

That's the nature of thievery.

[rphillips]

Yes, the credit card stuff, stealing someone's identity, and figuring how to scam Walmart is an everyday thing. I could imagine some kind of insurance, or something to protect you from that. But stealing someone's house seems waaaay more of a reach than that... Just wondering if it's ever actually happened. Or if company's are just throwing this out there, trying to scare people into buying something that is totally no need for?

[trent]

I didn't mean to make a comparison between shoplifters and house stealing but to just say that if there a will there's a way.

House stealing is something I heard of many years ago, it is probably rare and not to much to be concerned with.

[jpaul]

Last year someone claiming to be my son paid the back taxes on my mother in laws house, and sold it to another party. They forged my son's and my wife's signature on the paperwork, had a notary's stamp on the paperwork.. That party sold it to a third party who was having work done on the house to get it ready for sale. The lawyer handling my MIL's estate filed notice with the city that the title transfer was fraudulent and an occupancy permit should not be given to anyone.If our friend hadn't seen a notice of the first sale in the local paper we would never have know about it.The house had been empty for nearly ten years, and had a medicaid lien against it from the five years my MIL spent it a nursing home.

[argonsagas]

I used to work for the Federal Corrections Institute. They go in with a number 1 cavity and usually exit with a number 9.

Perhaps they are just needing a little love..........potion.

https://www.youtube.com/watch?v=qTjs7a9l0hM

[rphillips]

That's what I don't understand. No doubt if someone goes to the courthouse, they can pay property taxes, or back taxes, for any piece of property out there, Only thing said, or should be said, will be "thank you". When you go in to sell property, that isn't deeded to you, that's is not even anywhere near even leaning toward the same as selling property that doesn't have your name as the owner. I can't imagine anyone would even talk to you unless you provide legal proof it's your property to sell, or some kind of very legal authority document, showing you have the legal right to sell it. A lawyer letter saying Mrs. Jones gave rphillips the authority to sell her property would not ever come close for letting this happen... That's why I asked, cause I don't understand.

[Suzukian]

A person (outfit) compiles a person's personal information. The lengths these people go through are amazing, but quite mechanical. They expect the sham to fall through, it's just by the time it does, they have borrowed untold amounts in your name, purchased and sold objects, and the names they use when they sell these things aren't even theirs, they are yours, as you will be listed as the person who sold, let's say, a $900K Prevost motorhome, you sold to Joe Dirt. They don't care if the person they sold it to gets it repossessed as your name gets cleared, they already made their money and it cannot be recovered. You have to make sure your personal data is never released. Never give out your Social Security Number. Don't answer emails from people you don't know, delete them as spam, don't open them, that can let a virus in the grab all the info into your computer, and you invited it in when you opened the email. It's about managing your personal information, 99% of banks in the country have no idea how a person looks, they work off of data. You are data, and if your data is manipulated because some outfit sees you as an easy mark, you will be targeted. If you have assets you are concerned about, call, or go to the people managing your assets and find out what they do to protect them.

I never got back the $14K I got swindled out of, but I didn't have to pay it either. Paypal did, for illegally allowing an account to be opened in my name. That "Paypal" no longer exists.

[rphillips]

Yes, but still like comparing a black eyed pea to the great pumpkin, the motorhome is personal property, even at $900K, registered with a title that can be re-assigned with only a signature on the existing title, like a boat or truck. Your house is totally different, your house is "REAL" property, I think there's a lot more to getting a deed to your home transferred than just signing the back. I guess it's probably happened, I've just never heard of it other than on the commercials, on TV, warning against it.

[Suzukian]

It has happened, but if your home's equity is used up to the point that you are now paying a mortgage on a house that is essentially worth nothing, it's equity having been usurped, what's the difference?