Buying a home is a significant milestone, but unfortunately, fraudsters can target this process. Property and title fraud can leave you financially devastated and emotionally distraught. However, by being informed and taking proactive steps, you can significantly reduce your risk.

Understanding Property and Title Fraud

Property and title fraud encompass various schemes aimed at stealing your property or financial gain. Here are some common examples:

  • Deed Theft: Fraudsters steal your property deed and forge documents to sell your home without your knowledge.
  • Foreclosure Scams: Scammers trick homeowners facing foreclosure into paying for fake services or losing their property.
  • Mortgage Fraud: Criminals use false information to obtain a mortgage on a property they don’t own.
  • Title Fraud: Fraudsters manipulate title documents to appear as the rightful owner of your property.

Red Flags to Watch Out For:

  • Unrealistic Offers: If someone offers to buy your property significantly above market value, it’s likely a scam.
  • High Pressure Tactics: Legitimate sellers or lenders won’t pressure you to rush into a decision.
  • Unfamiliar Closing Agents: Always use a reputable and licensed closing agent.
  • Unusual Requests: Be wary of requests for wire transfers or sharing personal information outside of secure channels.

Protect Yourself with the Bucks County Fraud Alert Portal:

The good news is that Bucks County offers a free and valuable tool to help you stay vigilant against property fraud. The Bucks County Fraud Alert Portal allows you to sign up for alerts whenever any documents related to your property are recorded with the Recorder of Deeds office. This could include deeds, mortgages, and other critical documents.

Here’s how to sign up for the Bucks County Fraud Alert Portal:

  1. Visit the portal: Link to Bucks County Fraud Alert Portal
  2. Enter your information and follow the registration process.
  3. Receive timely alerts and take immediate action if you suspect fraudulent activity.

Stay Informed, Stay Protected

By educating yourself about property and title fraud, recognizing red flags, and utilizing the Bucks County Fraud Alert Portal, you can significantly reduce your risk of falling victim. Remember, vigilance is key! Don’t hesitate to contact the Bucks County Recorder of Deeds office or law enforcement if you suspect any fraudulent activity.