Olmsted County is using a phase to guard residence and land house owners versus home finance loan and serious estate fraud.
“This is an more insurance plan, type of like credit score checking,” claimed Mark Krupski, director of Olmsted County Home Documents and Licensing.
The county enacted a new Land Notification Alerts technique that will alert residence homeowners when files are recorded with their personalized identify, small business name, or house ID variety. Each time an inform is induced, an e-mail is despatched to the property owner to offer an update of any activity.
“This will assistance you secure your most useful asset and keep on prime of any fraudulent claims,” Krupski explained in a news launch. “Checking documents on your property can support in the prevention of this criminal offense.”
Residence fraud is when anyone illegally makes use of your identify on information connected to your assets for monetary attain or acquisition of your property. Krupski stated the difficulty exists nationwide, but will not transpire with terrific frequency in Olmsted County.
Krupski reported there have been scenarios in which a person is disgruntled with someone and tries to set a “bogus declare or a lien” on their residence.
The method expense the county $10,000 to buy the program. The revenue comes out of the recorder technological innovation fund, which is funded by recording fees.
To indicator up for Olmsted County Land Notification Alerts, go to https://landnotify.co.olmsted.mn.us/lns.application. In order to sign up, you will have to have an email account with Google, Yahoo, or OpenID.