301–310 of 360 posts
Earlier quoted context omitted.
Easier? It would become borderline impossible. How exactly do you steal the seed for a hardware wallet? How do you even know where it's stored?
You steal the wallet, you own the house. You lose the wallet, you no longer own the house.
It would be a great improvement in security.
For what it's worth. If you own Real Property in England, even if only a Leasehold (Long Lease e.g. 99 years) you can get the Land Registry to email you about activity or, once per year, the lack of activity for your property records. https://propertyalert.landregistry.gov.uk/ Land Registry records have a sort of poor man's locking. The buyers (or in practice their solicitor) need to first perform a "Search" which wo…
It is always nice being vigilant for all and every possible scam and fraud out there coming our ways, being ready and prepared for whatever comes from whatever direction and for whatever target of ours, going after every suspicious matters we encounter or believe we encounter, being suspitious against as much as possible preparing ourselves for all kinds that could happen out there, but shouldn't be required. If it i…
For what it's worth. If you own Real Property in England, even if only a Leasehold (Long Lease e.g. 99 years) you can get the Land Registry to email you about activity or, once per year, the lack of activity for your property records. https://propertyalert.landregistry.gov.uk/ Land Registry records have a sort of poor man's locking. The buyers (or in practice their solicitor) need to first perform a "Search" which wo…
It is always nice being vigilant for all and every possible scam and fraud out there coming our ways, being ready and prepared for whatever comes from whatever direction and for whatever target of ours, going after every suspicious matters we encounter or believe we encounter, being suspitious against as much as possible preparing ourselves for all kinds that could happen out there, but shouldn't be required. If it i…
Yes, and anybody convicted of fraudulently conveying a house should be convicted, and surely you will agree, be given a run-on sentence!
seriously though, you're absolutely right, the burden of this type of thing should not fall on the individual. So called "identity theft" shouldn't be on the victim at all.
Earlier quoted context omitted.
In the US, the buyer is often required to purchase title insurance which would likely cover fraudulent transfer.[0] [0] https://www.investopedia.com/terms/t/title_insurance.asp
The us doesn't have centralized land registries. While the counties record titles as a matter of convenience, the true title is determined by the courts. Other countries have centralized registries so that if the country's database says X piece of land is owned by Y, that's final. In the us it can be litigated and title insurance comes into play for the buyer who purchased it fraudulently.
Like any statement about the US, "it's complicated".
For example, in Massachusetts there are two types of real estate: recorded and registered. See https://www.deeds.com/articles/understanding-the-difference-... for a quick rundown.
In some cases, the property that goes with a single house will actually be made up of two bits of land, one of which is recorded and one of which is registered. In other cases it's all recorded or all registered.
Now this is not a nationwide centralized registry, it is a state-wide registry within Massachusetts, and my understanding is that the sort of litigation you could get for recorded land does not happen for registered land, because transfer of registered land is already a Land Court decision.
Key quote from the above link's description of registered land:
As the current state of title is sequentially updated
by the registration of future transactions, it embodies
a certificate of title that not only evidences title,
but in fact guarantees title and is subject only to the
exceptions provided by statute and matters of federal law.Police: “not my problem, lol”. The joy of paying taxes.
It's weird that people get identified by their driver's license. Don't they have digital ID cards that are better suited for veryfying who is who?
The UK is funnily backwards about some things. In particular, they have neither national ID cards, nor a population registry. You end up sending utility bills to the government as proof of address.
That may sound relatively minor but if I were doing some ID fraud it's all I would've needed to get started i.e. you need the first level of trust to exploit.
The British state is carefully designed to have the nationalized and privatized parts in the wrong places.
For what it's worth. If you own Real Property in England, even if only a Leasehold (Long Lease e.g. 99 years) you can get the Land Registry to email you about activity or, once per year, the lack of activity for your property records. https://propertyalert.landregistry.gov.uk/ Land Registry records have a sort of poor man's locking. The buyers (or in practice their solicitor) need to first perform a "Search" which wo…
That's messed up — it pushes the blame onto the victims for not monitoring.
Earlier quoted context omitted.
>no idea why, are single people not allowed mortgages? The bank needs to know the status of the relationship because in the terrible event of it breaking up, your partner would have equity in the asset.
The mortgage lists the equity, joint implies 50-50 unless you were to specify otherwise. There is zero difference if you are married, best friends, siblings, co habitating, two people who had never met before etc. In all likelyhood a divorce would change the equity, not keep it 50-50.
Is it roughly the same to "prove" your identity in the US as it is in the UK? In the US, at least for most credit checks, you just need your SSN, some public record data about where you've lived, and personal data (name, DOB, etc). It's largely because there is no "National ID" system in the US (due to political reasons). That makes it hard for companies to track people, and the SSN is the only number that people con…
Seems pretty questionable as to whether due diligence was done given the first indicator neighbors had of the sale was after the transaction occurred. At least in the U.S. it's typically pretty tough to miss that a house is up for sale - signage, open houses, realtors showing up to give tours. Curious how this buyer even connected with the seller.