No-Cost Alternative for Avoiding Home Title Fraud in New York City, Nassau County or Suffolk County!
You’ve seen or heard the commercials, possibly narrated by Bill O’Reilly, that extol the need to pay about $15 a month to protect your home from fraudsters who are out to put their name on your deed, steal your home and leave you with nothing!
Or they say, perhaps a mortgage will be obtained fraudulently with your home as the collateral, that may result in a Marshal appearing at your door asking you to leave.
The commercials will pull on your emotions and fears because, as our home may likely be our most valuable asset critical for retirement planning and other types of planning, no one wants to lose it or have it actually become an economic burden with a stranger the beneficiary!
When You Buy A Home, Or Refinance Your Mortgage, You Will Be Protected!
Of course in New York State when you are buying a residential or commercial property, you have the right to choose the title insurance provider who will protect your interests, insuring that you have ‘good, clean and clear’ title to your property.
Also please remember that title insurance providers ARE NOT all the same, with varied underwriters, claims experience and most certainly costs on the title bill! Do your homework as you would with anything that you buy. Read ‘Buying a Property in New York? Remember You Have the RIGHT to Choose Your Title Insurance Provider!‘
Sign-up to Avoid Title Fraud in New York City, Nassau County and Suffolk County*
Once you own your home, in the boroughs of New York City and two counties on Long Island, a free registry is available to homeowners that will notify them if and when a document is recorded against their property!
New York City ACRIS: Register your property here!
Nassau County Property Fraud Alert: Register your property here!
Suffolk County Home Owner Watch List (HOWL): Register your property here!
*Another way to deal with the potential for a fraudulent deed or mortgages being recorded against property in New York is as follows:
The TOEPP or Eagle forms of residential owner’s policies in NY cover post policy forgeries. A copy of the coverage language in the TIRSA Manual:
COVERED RISKS The Covered Risks are: 1. Someone else owns an interest in Your Title. 2. Someone else has rights affecting Your Title arising out of leases, contracts, or options. 3. Someone else claims to have rights affecting Your Title arising out of forgery or impersonation. 4. Someone else has an easement on the Land. 5. Someone else has a right to limit Your use of the Land. 6. Your Title is defective. 7. Any of Covered Risks 1 through 6 occurring after the Policy Date.
Hallmark Abstract Service: Your TITLE INSURANCE WARRIOR!Google+