Title Lock Launches National Property Fraud Alert Service.
December 15, 2015
What do you get when you combine identity theft with mortgage fraud? A totally new kind of crime: house stealing. Who would’ve thought house stealing would be the cottage industry of the recession? A new service provided by Title Lock alerts property owners of any fraudulent, mistaken or otherwise illegitimate filings or recordings that could adversely affect the home value or property ownership.
According to a press release, Title Lock partners with one of the largest title companies in the country to send alerts in real time when documents of any type are filed at the county recorder against a property’s address.
“County recorders are overwhelmed with thousands of document filings daily,” said Matthew Sorensen, vice president of sales and marketing at Title Lock, said of the necessity of the title monitor and alert service. “ The sad truth is, very few of them have systems in place to verify the accuracy of those filings. As a result, homeowners aren’t notified when title fraud happens. At Title Lock, we vigilantly watch over your property’s title because we have the infrastructure in place to do it.”
Contact ALTA at 202-296-3671 or communications@alta.org.