Tips to protect yourself from real estate fraud
Mar 21st, 2019 | By FCT
We don’t often think much of giving out our basic personal information, but sometimes the simplest information can be enough for fraudsters to use. Information such as your full name, address, postal code or birthday are identifiers that if shared publicly, can be used to impersonate you.
If you’re a homeowner, you’re susceptible to a lesser known type of fraud—real estate fraud. Although real estate fraud is less common and harder to orchestrate than other types of fraud, the losses that come with it can be quite significant. Here are some simple steps you can take to protect yourself from any potential fraudulent activity.
Research any company you are providing personal information to so you can be sure they are protecting your data
Keep your information secure online
Most fraudsters can take basic information about you to commit fraud. When you’re giving your information out online, be sure that it is a trustworthy source. You’ll know the website is secure when you see “https” on the website URL.
Consider purchasing a title insurance policy
If you’re a homeowner, you are vulnerable to title fraud. Title fraud is when a fraudster steals your identity and forges documents to either re-mortgage your home and walk away with the proceeds, or to sell your home right out from under you. Learn all about title insurance and how it can protect you here.
Do you have any additional tips on how to protect yourself from fraud? Let us know in the comments below.