11/5/2023 0 Comments Dave ramsey home title lockAccording to CoreLogic, mortgage fraud increased by a concerning 37.2% year-over-year in the second quarter of 2021. The FBI reported losses totaling more than $5 billion in 2015 as a result of title and mortgage fraud. ![]() In fact, it’s been reported that title and mortgage fraud are one of the fastest-growing white-collar crimes in America. That’s what makes Home Title Lock beneficial for homeowners-it offers a way to monitor for title changes once you’ve closed on a property and become the new owners. It’s important to understand that this type of insurance protects against issues that occurred before the date of the closing, but not after the date of closing. Title insurance protects buyers and lenders from financial loss or impact if a title defect or hidden lien is found on a property during closing. No, Home Title Lock is not the same as title insurance. Is Home Title Lock the Same as Title Insurance? The 4-year plan charges a one-time fee of $796 and offers homeowners 24/7 monitoring of their title, a dedicated title resolution agent, and free custom analysis of your home title.Īll Home Title Lock plans also include a free Title Scan & Comprehensive Title Report when you become a new customer. The 12-month plan costs $199/year and offers homeowners 24/7 monitoring of their title, a dedicated title resolution agent, and free custom analysis of your home title. ![]() The monthly plan costs $19.95/month and offers homeowners 24/7 monitoring of their title and title resolution team support. Home Title Lock has three plans that homeowners can choose from when signing up for their home title monitoring service: a monthly plan, a 12-month plan, and a 4-year plan. This report shows past activity on your property and can also inform you if you’re already a victim of title fraud. Home Title Lock can help give homeowners more clarity and peace of mind while navigating through the legal process of returning a home title to its rightful owner.įinally, Home Title Lock offers all new customers a free, comprehensive title report, valued at $100. The process homeowners have to go through to undo efforts by home title criminals can be complex and time-consuming. This support is offered and available in the event that the homeowner becomes a victim of home title theft or attempted theft. ![]() Homeowners can monitor their titles on their own, but to do it requires them to manually check county records to ensure that no changes have been made to their titles.Īdditionally, Home Title Lock also provides customers with resolution team support or a dedicated title resolution agent depending on the plan purchased. The company monitors titles for customers 24/7 and sends alerts if they detect that new documents that could affect your property value or ownership. Home Title Lock is primarily an always-on title monitoring service. It’s the only company that provides nationwide monitoring and fraud alerts with a Fraud and Resolution Division supervised by a retired FBI agent. Home Title Lock is a legitimate service that offers real-time home title monitoring and title protection for homeowners. Here are some answers to common questions that will help you understand more about what Home Title Lock is and why you might want it. Is Home Title Lock a legitimate service and is it something you should be paying for? You’ve heard and seen the ads, you’ve started doing your own research, but you may still be wondering:
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