Theft of the title to your real estate property?

There are a few companies offering to protect the title to your house against someone, fraudulently, gaining title to your asset.
I contacted one of the companies and my understanding of the services is, they will (?) alert you when your title has been changed and all for the low price of $19.95/mo.
I can check my title once a month for free, so why do I need them? I don't.
Here is an article about this issue.

https://www.fox5atlanta.com/news/title-lock-insurance-is-a-waste-of-your-money

Same type of deal as with the identity protection.

 

If my bank ever issues a loan against my home, I'll be in their face asking why they didn't do their due diligence and send the loan officer to my house to get the paperwork signed. Such a simple means of ensuring the property owner is the signatory should not evade the brilliant minds of bankers.

 

Did you watch this?
https://www.fox5atlanta.com/news/title-lock-insurance-is-a-waste-of-your-money

 

Yes, I did.

The concern is not that a fraudster would show up with title in hand, and kick you out of your own home. Doing that would be stupid of the fraudsters because fraud would be easy to prove, and the perpetrators would be easy to catch and prosecute.

A more legitimate concern is that the fraudsters would go to a bank and borrow against "their house", and then skip town with the money, leaving the bank pursuing you for reimbursement once they discover they've been taken. And that's why i wrote exactly what I did . . . the bank should exercise due diligence in lending, and that includes proving to themselves without a doubt that the borrower is who he / she claims to be.

 

The thrust of my issue is the ability to make online transactions to post sale of property and register new deed in another person who then borrows against the deed.

 

There is big business these days in selling fear. I have bought an identity protection plan myself. My bank spent months trying to sell me on a program where all my purchases would be made by a company credit card. Their ploy? Someone can get my corporate account number off of my check and set up a wire transfer..... So then why the heck do we have checks? I look at my corporate account every day on line. I would know if something were amiss. Selling fear is big business and when you don't cash tied up in inventory, it sounds to me like a very lucrative business to be in!