Table of Content
It is impossible to give a blanket statement about whether every person needs identity theft protection. Many of the services that the ID theft protection companies provide are things you can do on your own for free, such as monitoring your credit reports. When you have concerns over losing your identity to a cybercriminal, you may want to consider subscribing to one of the leading identity theft protection services. Some ID theft services, such as LifeLock, offer all-around protection services.
It’s a document that explains how the previous owners sold their home to you along with some useful details about the sale. Criminals target older people because they tend to be less tech-savvy and less likely to notice when changes have been made to accounts in their name. It’s important to understand that this type of insurance protects against issues that occurred before the date of the closing, but not after the date of closing. If you are in need of quiet title services, give us a call today at -YOUR-FIRM. "From the day I signed on to Home Title Lock it was a couple of days later when I received a report about a lien against my property that I didn't know about. We got it fixed right away. Information in our blog may not constitute the most up-to-date legal or other information.
trending Scams
Esswein joined Kiplinger in May 1984 as director of special publications and managing editor of Kiplinger Books. In 2004, she began covering real estate for Kiplinger's Personal Finance, writing about the housing market, buying and selling a home, getting a mortgage, and home improvement. Prior to joining Kiplinger, Esswein wrote and edited for Empire Sports, a monthly magazine covering sports and recreation in upstate New York.
Be careful with your personal information.Treat your personal information like the valuable commodity it is. Make sure you shred any documents that have your bank account information, Social Security/Social Insurance number, or other personal information. Be suspicious of any unsolicited communication asking for personal information. Darren Findling, President of QuietTitle.com, provides a thorough review of Home Title Lock and whether your investment is worth your money or not. At Quiet Word, we ensure that every corner, nook and cranny of the industry has a proper scope. If there’s something new on the market, we’ll take a look at it and determine whether it’s worth making an investment or not.
Home Title Lock vs LifeLock: Pricing
Title monitoring will monitor the public records related to your property title. Should the monitoring service notice any oddities related to your title, it will send you an alert about potential fraud. With the regular LifeLock ID theft protection service, you can select among three pricing tiers. You will receive a discount when paying annually versus paying month-to-month.
But if you get your own title insurance, there’s really no need for the monitoring service they provide. When attempting to determine whether you want ID theft protection services, you may want to compare some of the top services. To help you with your decision, I will break down the differences between Home Title Lock and LifeLock.
Globe Life Insurance Review: Online Approvals Without a Medical Exam
The Home Title Lock website and marketing materials focus on scare tactics, which, quite honestly, do not instill confidence in its service. It’s also difficult to understand exactly what you are receiving with your subscription from the website descriptions. Add in the fact that Home Title Lock pushed through a 33% price increase within the past few years, and it is difficult to recommend this service for anyone. Signing up for either LifeLock or Home Title Lock is an easy process. You should be able to begin using either service within a few minutes of completing the signup process. Home Title Lock has two subscription tiers available, and the two options are very similar.
The title insurance company would probably have to eat the loss, then try to recover against the scam borrower. In most counties in Ohio, you can access the county property ownership records online free of charge and “monitor” your deed yourself. Because LifeLock offers far more services for your monthly subscription price than Home Title Lock, we would give it the overwhelming advantage in this comparison. LifeLock monitors the use of your Social Security Number too.
You can’t lock or protect the home title from ever moving to another person or getting used as collateral when taking out a loan, so the home title ‘lock’ is a false claim. The newest, heavily-advertised product is the home title lock. Let’s dive into the fine print and what it can actually provide. Finally, if something does happen, you’re never on the hook.
Having said that, there is ONE area where they MIGHT be useful, but I doubt it. PACE lien fraud is a new form of equity theft in states like California where you can borrow against your home for home repairs and pay it back on your property taxes. These loans are NOT notarized, and E-signed documents can be used to RECORD the lien against your home. (I don't think so, but Ygrene Energy, one of the leading lenders in this area maintains that's all you have). So, IF this serice picked up the lien in that 15 day period and you could sue....... And even if you receive an alert about potential fraud, the alert may come too late to prevent the fraud.
Both Home Title Lock and LifeLock make the cancellation process seem simple, but it can be challenging. You can cancel the service through the website or by calling customer service. Understand that it may take several phone calls or chat sessions to complete the cancellation process. Subscription services like these two typically do not make canceling easy.
A thief can simply go online or visit your County Recorder’s office, pay a few dollars, and legally obtain a copy of your deed. We know that purchasing a home is one of the largest investments people make and that is why we place a high level importance on your property deed. We continue to partner with attorney Marie Donofrio, owner of Title Connect Agency, to ensure a smooth process when protecting your property within your estate plan.
No comments:
Post a Comment