Are You Attracting Identity Thieves?

 

When you buy a house (to live in or to rent out) and finance it with a mortgage that gets recorded at the court house, you are asking identity thieves to become a part of your life! The average person does not think about it, but when you finance a property that is secured by a mortgage there is an incredible amount of personal information about you that is published in your local county tax records office. Tax and mortgage records are a breeding ground for identity thieves. Here is a list of some of the information an ID thief can get from the county records website (they do not even have to drive over to the court house!):

1. Your full legal name
2. Any maiden name, nickname or aliases
3. Your home address (assuming you do not use a p.o. box address)
4. Your maining address (if it is different from your home address)
5. Your phone number and your personal contact information (work info)
6. The type of mortgage you have on your home, how much you borrowed, what    the terms of the loan are, how much you paid for your home, etc.

Besides Identity Thieves, you are also prey to nosey neighbors, unhappy ex-spouses, disgruntaled employees, jilted lovers, co-workers and anyone else with a computer and a desire to cause you trouble.

If you use a Land Trust to hold title to all your real estate holdings, none of the above will matter to you.

It is your move.

 

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