Property fraud, mortgage fraud, and title fraud (a.k.a. house stealing) are becoming a big problem. So-called title lock insurance came into effect because of this growing area of fraud specifically targeting the elderly, or anyone else who may have equity in their property.
Here’s typically how the title fraud occurs:
In the event of your death, your assets within your estate will need to be distributed to your rightful heirs. According to the terms of your will, those whom you designate to receive your assets will find out who will get your stuff after you die. To ensure your wishes are carried out, you will need to select a person you trust to handle your estate’s administration, who will be known as an executor.
