Home Title Lock announces partnership with former House Speaker Newt Gingrich
SAN DIEGO, April 1, 2021 / PRNewswire / – Home Title Lock, the nation’s premier title fraud detection service, announced a partnership with the former chairman of United States House of Representatives, Triton Gingrich. As the organization’s spokesperson, Mr. Gingrich will help educate and educate US homeowners about the growing threats of title theft.
According to the Federal Trade Commission (FTC) Consumer Sentinel Network, home loan identity theft complaints increased 6,134% between 2015 and 2020. Home Title Lock works on behalf of homeowners to help protect the title of a house before it is stolen and offers up to a quarter of a million dollars in legal fees and reimbursement of expenses to its subscribers in the event of compromise. Industry leader Home Title Lock protects homeowners by monitoring title deeds using its proprietary monitoring system of $ 5.5 billion in title assets.
“American homeowners today have a false sense of security in believing that their title insurance or identity theft companies are protecting them from title theft or fraud,” said Gingrich. “As I have continued to learn more about this crime and the threat it poses to hard-working Americans, I have no doubt that it is identity theft that you really need to worry about. Home Title Lock is the best solution that can prevent this nightmare from becoming a reality. “
In cases of “house theft” or theft of title, there are both criminal and civil cases. Today, only criminal cases are recorded by the Federal Bureau of Investigation (FBI), making it an underreported threat. Even so, in the FBI’s Annual Internet Crime Report, title theft is grouped under the category of real estate / rental torts which includes mortgage fraud and other property crimes. In 2019, real estate / rental fraud ranked 5th on the list of types of crime with the greatest losses suffered by victims, overtaking credit card fraud.
During a pandemic and an unbalanced economy, white-collar criminals are exploring new avenues of financial fraud. The crooks select a property, assume the identity of the owner, and file fraudulent documents to transfer ownership of the house. They make additional loans on the property and leave without a trace, leaving the owner to answer questions when the lender calls.
“Today, approximately 34% of US homeowners own 100% of their home equity, making them an attractive target for title theft,” said Harish Chopra, CEO of Home Title Lock. “It is a proud moment in our organization’s five-year history to have Mr. Gingrich committed to further educating US homeowners about the title theft vulnerabilities surrounding property and the equity they have in. Their houses.”
In his role within the organization, Mr. Gingrich will participate in selected advertisements.
About locking the home title
The nation’s first and leading title theft detection service, Home Title Lock offers a comprehensive approach to protecting clients’ homes by monitoring over $ 5.5 billion in title deed assets. Using its proprietary technology, Home Title Lock alerts homeowners in real time when title documents are disrupted. This advance notification service aims to prevent criminal activity before homeowners are affected. Home Title Lock is based on San diego, california and is private property.
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