Lock Up Title Notice For Free

Will a credit freeze prevent home title theft? Probably not. Your credit file and your home's title are two completely separate things. However, a credit freeze is worthwhile because it makes it more difficult for fraudsters to open loans in your name.

Here's our verdict. If you are looking for identity theft protection, Home Title Lock is going to be too simplistic for you. This service only focuses on monitoring the title to your home or property, looking for signs of potential deed fraud or title theft.

Consider an owner's title insurance policy You may want to add an extra layer of defense to your property deed by buying an owner's title insurance policy. This service locks your home title, which gives you greater protection against deed fraud. It might even cover any costs involved if you are targeted.

The answer is no. Title fraud is very rare, and hardly ever successful. If someone ever tries to transfer your deed without your permission or knowledge, like these title lock companies suggest could happen, the transfer is fraudulent and void from the outset.

So, if you buy Title Lock insurance, you may think that would protect you against that scam, but Adams says it doesn't. First, it's important to know that Title Lock is not insurance of any kind. It does not protect you in any way from a scammer fraudulently transferring your title.

Get owner's title insurance. If you didn't opt-in to an owner's title insurance policy at closing, purchase coverage now. This policy can protect you if any liens or claims are filed against the property while you are the owner.

These services do not actually ?lock? your title to prevent fraudulent deed transfers. Do you need this service to protect your home from property thieves? The answer is no.