Have You Heard of a Property Deed Scam?

Screenshot 2014-01-20 14.48.04If you get a letter asking you to pay for a copy of your property deed, it’s likely a rip-off. Call your local property records clerk before you respond.
A company called Property Transfer Services is sending letters to homeowners across the country encouraging them to get a copy of their property deed for only $83. Don’t bite at that offer. It’s a rip-off, and Property Transfer Services has a failing grade of “F” from the Delaware Better Business Bureau.
You can get a copy of your deed from the local courthouse for far less, the “Milwaukee Journal Sentinel” pointed out in a story about the company and the scam.

Massachusetts Attorney General Martha Coakley says residents there have gotten similar pitches from National Record Service, Proxy Data Retrieval LLC, Record Transfer Services, and Record Retrieval Department.

Chances are you already have a copy of your deed in the file of paperwork you got at the closing table. But if you don’t have it and need it, such as for a refinance, you can get a copy at the local property record office where you’ll likely pay just a few dollars in copying charges.

What’s your deed anyway? It’s the legal paper that transfers ownership of your home from the sellers to you — and when you sell, to the new owners.

Read more: http://www.houselogic.com/blog/home-loans-mortgages/paying-83-your-home-deed-80-too-much/?cid=eo_em_sse_rcrsse#ixzz2wDKDSvfw
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About padreeliteteam

Alta Monroe, Gayle Hood, Jules Wilk & Laurie Howell are a full-time professional and dynamic team known as the Padre Elite Team with RE/MAX 1st Choice in South Padre Island. Quality service for their clients is their number one priority. To them, it is about the client's needs and protecting their interests. Finding just the right property for their buyers or helping their sellers get their property SOLD is their goal. Helping clients step through the complicated process of buying or selling a property to a smooth closing is essential to them. A personal Bio on each of the team agents is posted on their website at www.PadreEliteTeam.com. The South Padre Island real estate industry is changing faster than ever these days. With the changes in the economy, there are new challenges with buyers, sellers, foreclosures, short sales, Internet marketing, our education, increases in inventories, changes in comparable sales, and frustrating politics. Alta, Gayle, Laurie, and Jules strive to stay on top of all of these changes and to keep in touch with their clients. Alta, Gayle, Jules & Laurie all hold designations they have acquired through eduction. These designations include CLHMS, CRS, GRI, RSPS, CPN, ePRO, SFR and RSPS. Gayle and Jules both hold the CLHMS (Certified Luxury Home Marketing Specialist) designation and they are the ONLY agents in the entire Rio Grande Valley that are members of the Institute of Luxury Home Marketing. This better qualifies them to share their specialized expertise with a luxury home seller or buyer. Making sure the buyer and the seller are represented correctly is a priority for this team. Investing in TREPAC (Texas Real Estate Political Action Committee) is important to this team since TREPAC has proven to be a major force in Texas by lobbying for Realtors and property rights for the consumer. For many years, the Padre Elite Team has been a major investor in TREPAC. Alta and Gayle have attended the National Association of Realtors Mid-Year Conference in Washington, D.C. often. The conference is primarily for Realtors that are Board directors or executives. It is a great way to stay on top of the current issues facing Realtors and homeowners in our country. They get to meet with their Senators and Congressmen to express their concerns. Last year they were invited to attend the Realtor PAC President’s Circle Conference in New York where they heard many famous guest speakers regarding current real estate issues. The Padre Elite Team also attends the RE/MAX International Conference each year to acquire more education and to keep up with the latest technology available to Realtors in the Marketplace. They have received numerous awards for being Top Producers in the real estate industry. Education is a priority for this entire team including their assistant, Grace. The GOOD news is that 2012, 2013, 2014 and now 2015 proved to be better each year for real estate sales in South Padre Island and the surrounding areas of Port Isabel, Laguna Vista/South Padre Island Golf Community, and Bayview. The real estate market is showing an increase in the number of sales and a leveling of values. Now that the market has hit the bottom, investors are finding that real estate is a great place to invest their money. It is still a buyer's market and a great time to buy. Alta, Gayle, Jules & Laurie all agree that it has been such a pleasure to live & work in a resort area such as South Padre Island. A hundred of your closest friends and family will visit when you live near the beach! Clients are always encouraged to contact them. For more information about this team and to view their blog, visit www.PadreEliteTeam.com.
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