Title Pirates: How Scammers Use Quitclaim Deeds to Steal Homes
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Title Pirates: How Scammers Use Quitclaim Deeds to Steal Homes
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About this listen
Dreama and Larry’s house is undergoing renovation after a tree fell on it. Since they cannot live there during the repairs, they set up security cameras to monitor the property. To their surprise, they notice a couple repeatedly visiting the house. Alarmed, Dreama and Larry register for a free alert system that will notify them of any changes to their property records. Just two days later, they receive an alert. Unbeknownst to them, Michelle Cherry and Victor Rodriguez have filed a quitclaim deed that will quickly and easily transfer ownership of their home. A quitclaim deed is typically used for transferring properties without a sale, such as from a parent to a child. However, in this case, criminals exploit it to steal from unsuspecting homeowners. Will Dreama and Larry be able to reclaim their home and help catch these “title pirates”?