Protect your home and title from fraud
When someone steals your personal information for criminal purposes, identity theft has occurred. The ramifications are serious and many. In your name, fraud perpetrators can open credit card and bank accounts, redirect your mail, gain employment and destroy your credit rating.
You may not realize that someone can also steal your homes ownership title a type of real estate fraud which can cost you an average of $300,000. Compared to credit card fraud, which averages around $1,200, title fraud can have a much greater impact.
Despite recent changes to the legislation in Ontario, the onus is on you to prove the crime. Your home is probably the largest asset you have. Yet you could lose hundreds of thousands of dollars, and suffer financial and emotional repercussions, trying to prove you are the rightful owner.
There is a simple way to protect yourself. You can purchase a Title Insurance policy directly from a link on our Starnews website that covers you for identity theft. For a one-time premium, title insurance is the most effective and inexpensive way to insure your property. Title insurance covers all legal expenses related to restoring a title and is also available to existing homeowners long after they have purchased their properties.
And it is available to you whether you buy a new home or purchased your property long ago.
To find out more about protecting yourself and your home, contact us by calling 416.366.5534 or click here .
