If you are a property owner then this blog is an important one for you to read. There is a property deed scam that is becoming more prevalent lately. Homeowners are scammed into thinking they're getting a deal or doing something important to protect themselves and their finances.
A property deed is an important document that notes the transfers of ownership in real estate. This document should be stored in a safe place with other valuable papers.
Here is how the scam works: You get an "official" letter in the mail telling you how important it is to have a certified copy of your property deed. More often than not, it's a scam to get you to buy an unnecessary service that will get you a copy of your deed for a hefty fee. According to Consumer Reports, such letters look official, with companies invoking high-pressure sales tactics to persuade you to buy their services at a cost of $80 to $100.
Most homeowners already have a copy of their deed from their closing. If you are one of the few that don't, it's not hard to get a certified copy yourself. All you have to do is contact your county clerk or registrar's office. You can usually get a certified copy of your deed for less than $10.
-- L.Morse
Labels: deed, homeowners, property, scams
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