Identity Thieves Steal Man's House
From the strange but true category of identity
theft, an 89 year old Canadian man's entire
home was stolen in what authorities recognized
as a legal real estate transaction.
What makes this particular identity theft even
more outrageous is the man is facing the loss
of his home forever, even though it was sold
fraudulently to an non-existant relative as
part of the scam.
It seems the thieves assumed the 89 year old
man's identity, even presenting a fake driver's
license during the power of attorney paper work
signing over of his property to a fictious person.
"To find it's been stolen right out
from under them is totally devastating."
The identity theft victim can't even legally
enter his (formerly) home because that act
would be considered trespassing requiring
consent from the new owners.
"You really have to do due diligence
these days."
So, our tip for today is to prevent this
type of particular identity theft from
happening to you. Twice per year make
sure to run a complete check of your
public information profile (pip) to
scan the more than 400 databases
for the hidden evidence this type of
identity theft has not already been
committed against you.
posted by agent99 @ 12:02 AM
4 comments
4 Comments:
Ouch!
You mean to tell me I could just as easily lose my home like that man in Canada?
Greedy real estate and mortgage salesmen had to have been on the take for this one to happen.
But, how do you prevent this by checking your pip?
stephaniew asked:
But, how do you prevent this by checking your pip?
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Our response to stephaniew's question is by checking your public information profile (pip) you will gain the added benefit of:
Credit reports cannot tell you if someone has rented or purchased property using your name.
Find out if someone has purchased or transferred property in your name.
Go back as far as the last 30 years of your life to find out even if there's a criminal record in your name.
You mean someone can conduct real estate transactions in your name and it won't show up in a credit report?
Anonymous said...
You mean someone can conduct real estate transactions in your name and it won't show up in a credit report?
-----
Yes, absolutely! Credit reports are primarily fueled by payment and lack of payment of credit relationships.
While there is some small public record information which finds its way to credit reports, it's not the primary focus of the credit bureaus.
So, title changes, as in the case of what happened to that Canadian man would not by default ever show up within the credit report.
Identity thieves understand this and also take advantage of commissioned real estate sales and mortgage sales people.
Couple that with a fake driver's license and you can easily spoof the sytem, albeit in Canada it's more extreme.
The bottom line, is you are highly recommended to check out your public information profile at least twice per year to find these hidden but huge identity theft bombs like property, criminal, and liens events
using your name.
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