www.forbes.com
If you're committed to learning about it, read the article linked below. But really, its just fake outrage used to sell another monthly subscription to "check" on your title periodically.
The Home Title Theft Baloney
Some gullible folks buy insurance against their home getting stolen by scammers. Maybe the real threat is from those same insurers.
Unless you live in an extremely strange state your "deed" is in the property records of your county. Houses don't have titles like cars that you can sign over.
Ok but you don't need that to "sell" your house, just signatures, which can be forged.
What texts are you talking about? There's people trying to buy houses cheap "legitimately", people trying to scam you (offer ridiculous amount need you to pay for xyz service for $1500 first), and probably some tangentially related identity theft stuff.
I'm not being shitty to you, property law is weird as shit. The "warranty deed" you're referring to is a transfer instrument, it's not a title. A deed is just a document that transfers ownership from one person to another. If you look at the "final" deed in your property's record, it will be a transfer from the previous owner to you. Also in the property records will be transfers from all the previous owners to the next owners, all the way back to the patent grant from the state back in the 1700's/1800's depending on what state you're in.
Happened to me,
If it wasnt for extenuating circumstances in real estate sales, I would agree with you. But in this case, it likely more of a binding issue rather than a racist one. Even though racism can and Im sure does happen, realtors are generally very guarded in what the say about the prospective buyers (and to an extent, sellers) out of fear for breaking a law dealing exactly with that, losing their license permanently in most cases and the fines that go along with. As there are some popular cases out there that in not so many words "aint gone be no honkies in my neighborhood!" (Throw your reverse card.)
The listing agent for my house told me how much to counter so I could win the final bid because she didn't like the other family. They are truly scum who have no ethics.
A deed is just a contract, can't have a contract without consideration. Consideration is what you are receiving in return for what the other person is doing. In this case you're transferring property to someone in return for... they put $10 or $100 in there to hide the actual purchase price.
I've watched and read plenty about it. Its been an ongoing thing. What I think is fucked up about the case in particular, is that other companies are collecting and sharing that information as well. Zillow is constantly telling me what I should be renting shit out for in the area, and unlike house pricing.. Zillow is pretty spot on for how much Rent I should be collecting from a property. Or even a potential property, so you can look at a property, see its rent potential, and see if it "maths out" whether its a good buy or not.
The same political party pushing price controls is using a company for "subverting the rules of free market competition".
