Protect Against Real Estate Frauds
Further to my last post regarding Real Estate Title Fraud, Lynda Pasacreta, President and CEO of the Better Business Bureau recommends the following steps to avoid title fraud:
- Landowners are urged to regularly check on title and credit reports.
- As identity theft is a common occurrence on the World Wide Web, people should take extra care inprotecting their identity, including minimizing the amount of personal information they give out. The same thing applies to personal information handed out on the telephone.
- Consumers should get a duplicate title available through a lawyer, notary, or real estate agent.
- For those who own rental properties, screening of tenants should be done to establish their identity, and references should be collected.
For more information on real estate title fraud and other tips, visit www.bbb.org.