National Lien Notification Service, Inc. offers a service that provides valuable information to homeowners regarding the status of liens and other property information. After purchasing a home, there are many events that could have occurred changing the way your home is viewed in the eyes of creditors.
· The ownership information on your deed was not 100% accurate
· A fraudulent transference of your property may have occurred without your knowledge
· You have refinanced or paid off a mortgage and by mistake it was not released
· A lien may have been placed against your property in error without your knowledge
· A real state tax payment that you have made may have been credited to someone else
· Other documents recorded against your property either intentionally or unintentionally
These problems are real. Nationwide, mortgage fraud and deed theft cost homeowners $4 billion to $6 billion annually, according to the F.B.I. It is possible that the title to your home could have been conveyed to another individual without your knowledge. Similarly, liens may also exist on your home without your knowledge. This may have occurred intentionally or in error.
With over 1 billion mortgages refinanced or paid off nationwide in the last five years, it is not possible that all mortgages and the releases have been properly recorded. As such, it is possible if you refinanced or paid off a mortgage, your title might still be encumbered by a mortgage that has been paid off. Mistakes happen.
Unless you are certain that none of these events have occurred, as a prudent homeowner, you should take action now. You should order a report that will detail the title and ownership attributes of your home including the currently recorded name on the title, how the title is held, a list of existing mortgages, copy of mortgages, a listing of any existing liens, copies of up to ten liens and the status of you real estate tax payments.
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