Quote:
Originally Posted by svandamme
how is that even possible??? how can anybody transfer the title of the house
based on fake ID's??
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Titles are transferred by lawyers who probably just check a driver's license for the seller and the buyer. I imagine a passport or something more difficult to duplicate will be required soon.
Houses with no mortgage are apparently easier to sell fraudulently, because there's no bank interaction required.
And I think most mortgages include 'title insurance' which protect you from the fraudulent sale of your home. Not sure how the buyer is protected. Buyers never meet the seller here, so you're probably relying on your lawyer's insurance.