Protecting New Homeowners: Beware of the Recorded Deed Notice Scam

As real estate agents, it’s our duty to ensure our clients are informed and protected throughout the home buying process and beyond. Today, we want to shed light on a concerning scam that targets many new homeowners: the Recorded Deed Notice scam.

Picture this: you’ve just moved into your dream home and are starting to get your very first mail deliveries. How exciting! Among them, you find a letter marked with urgency, claiming to be a Recorded Deed Notice. It seems legitimate with official-looking stamps and seals, but don’t be fooled.

These notices often come with promises of essential services like securing a copy of your property deed or ensuring the sale is recorded in county records, for a hefty fee of course. Here’s the catch: these services are either unnecessary or can easily be obtained for a fraction of the cost through legitimate channels.

So, why the scam? These scammers prey on new homeowners who may not be familiar with the intricacies of property ownership. They exploit the confusion and urgency that often accompany a major life transition like buying a home.

But fear not, there are ways to protect yourself:

1. Verify the Source: Always double-check the sender of any official-looking documents. Legitimate notices usually come from your county recorder’s office or a trusted legal entity. By law, these companies have to put a disclaimer that they are NOT approved or endorsed by any governmental agency, nor is this service through the government.
2. Consult Your Agent: Your real estate agent is your ally in navigating the complexities of homeownership. Reach out to them if you receive any suspicious notices or requests for payment. We love getting questions from clients that allows us to save them money and some peace of mind, no matter if they recently closed on a home or if it’s been decades!
3. Research Before Paying: Before shelling out any money, research the services being offered. In most cases, you’ll find that these services are either unnecessary or can be obtained at a much lower cost through reputable channels. Check all the disclaimers and written text for the phrase “This is not a bill. This is a solicitation.” That key phrase tells you they’re simply trying to sell you something.
4. Report Suspicious Activity: If you believe you’ve been targeted by a scam, report it to the appropriate authorities. By doing so, you not only protect yourself but also help prevent others from falling victim to similar schemes. Many of these companies operate legally (though not morally), so make sure to check the fine print before making any reports.

 

In conclusion, while the excitement of homeownership is unparalleled, it’s crucial to remain vigilant against scams that seek to exploit new homeowners. By staying informed and consulting trusted professionals, you can ensure a smooth and secure transition into your new home. Remember, knowledge is your best defense against fraudsters. Stay informed, stay protected, and reach out to the Jeremy and Peg King team if you’ve got a question!