Posted: 4/5/2013 7:53:43 AM EDT
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Just watched a LifeLock Commercial. The person said she lost her credit
then her home. Is that really possible? How in the hell can someone lose their home through identity theft? How can it even get to that extreme? |
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Quoted:
Maybe if fucked up their credit so bad that it kept them from passing background checks for jobs.. Maybe. I was thinking a different way.That she had to move out and the thief moved in. But even when it comes to credit, isn't theft identifiable? And therefore you cannot be held responsible? |
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Quoted:
Just watched a LifeLock Commercial. The person said she lost her credit then her home. Is that really possible? How in the hell can someone lose their home through identity theft? How can it even get to that extreme? The only way this could happen would be if somebody was totally irresponsible checking their accounts and mail. Even so, I'd say bullshit unless she could prove it. ETA: there have apparently been a few incidents of title fraud via identity theft. Still sounds like bullshit as the property would still belong to the real owners and the title insurance company would have to pay the buyer. http://consumerist.com/2008/03/28/identity-theft-mortgage-fraud-home-stealing/ And on the FBI website: http://www.fbi.gov/news/stories/2008/march/housestealing_032508 Note what is says at the very bottom: * - Since the paperwork is fraudulent, the house doesn't legally belong to the con artists. |
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If the ID thief took out a some sort of credit and put the her house up as collateral, then I suppose its possible she could lose the house for not paying on the loan the thief took out.
Keep in mind, banks typically work a lot faster than the courts do. In my example perhaps she was fighting the loan, but didn't get through the courts faster than the banks got through her. However, I'm not even sure my proposal is even possible, so take it with a grain of salt. |
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Quoted: If the ID thief took out a some sort of credit and put the her house up as collateral, then I suppose its possible she could lose the house for not paying on the loan the thief took out. Keep in mind, banks typically work a lot faster than the courts do. In my example perhaps she was fighting the loan, but didn't get through the courts faster than the banks got through her. However, I'm not even sure my proposal is even possible, so take it with a grain of salt. The Thief lied on the paperwork for the illegal loan. The bank that loaned the money is shit out of luck. All you have to prove is that you did not take out the loan. (In different part of country at time of signing, signature does not match, and funds were never received by you). |