Protect Title Bulletin For Free

How To Prevent Home Title Theft Keep Track Of All Bills And Homeowner Mail. ... Check Your Credit Report Routinely. ... Get Title Insurance. ... Stay Educated On Common Scams.

Make Sure You Have Title Insurance It protects against any claims or liens made against the property. There are two types of title insurance: lender's and owner's. Lender's title insurance is required by your mortgage company and assures them the title is cleared for sale.

?Home Title Lock is a scam, plain and simple,? said San Francisco City Attorney Chiu. ?The company has manufactured a ?home title theft? crisis to stir up fear amongst elderly homeowners and deceive them into buying a service that many local governments provide for free.

The title and the property cannot be legally transferred until the title defect is resolved. The titleholder must take care of all and any issues. For example, if there are tax liens on the property, the homeowner must pay off outstanding taxes before going through with the sale.

Key Takeaways. A defective title is a title that is impaired with a lien, mortgage, judgment, or another claim. Defective titles are considered unmarketable, so the asset in question cannot be transferred or sold legally. Any encumbrances on a defective title must be cleared before the owner can sell the asset.

General warranty deeds: A general warranty deed provides the most protection to the buyer but gives the grantor the highest degree of liability. The grantor of a general warranty deed fully warrants good, clear title to the property. This type of deed is used in most real estate deed transfers.

Lender's Policy. If you've ever mortgaged a home, chances are you were required to purchase a title insurance policy. ... Owner's Policy. However, as a buyer, you also want to protect your investment -- and the ownership rights that come with it. ... Customs. ... Refinance Transactions.