Fraud Alert Notification System (FANS) Can Help Seniors And Homeowners Protect Themselves Against Fraudulent Scams
Unfortunately, it is not uncommon these days to see a news story on television or read an article in the newspaper or on the internet involving a senior person who has been scammed in one way or another. One common scam involves fraudulently obtaining ownership of the home of an elderly individual, by either getting him or her to sign a document that he or she doesn’t understand or by fraudulently forging his or her name on a deed. The wrongful owner then either tries to sell the property or borrows money against it by putting a mortgage on it, leaving the rightful owner with an expensive mess to try to sort out.
The Montgomery County Recorder’s Office has raised a defense against this type of title fraud by implementing FANS (Fraud Alert Notification System). FANS will allow the elderly, their family members and out of state owners to monitor activities on properties of interest. By enrolling with the recorder’s office, an individual will be notified anytime a property with a particular parcel ID number has a deed or mortgage filed or a … Read More... “TITLE FRAUD ALERT: FANS Program Will Protect Vulnerable Homeowners from Fraud”