DES MOINES, Iowa- Deed theft, also referred to as seller impersonation, title fraud or title theft, has risen sharply nationwide as scammers become increasingly sophisticated. The scammer fraudulently claims ownership of your property to sell or rent it. A product from Iowa Title Guaranty (ITG) offers both new and long-term homeowners an accessible, affordable layer of security for their most important asset. State officials say through this coverage, ITG will provide no-cost legal defense and cover related expenses if deed theft occurs and the title must be defended.
The deed theft protection is available in two forms:
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- New Owner’s Endorsement, issued at the time of purchase, protecting buyers if someone later impersonates them and fraudulently transfers or encumbers the property.
- Existing Owner Endorsement, offering the same forward-looking protection to current homeowners seeking added security.