Method and System for Monitoring and Protecting Real Estate Title (Ownership) Against Fraudulent Transaction (Title Theft) and Mortgage Fraud
OwnerRamin Thavildar Khazanehinventor
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OwnerRamin Thavildar Khazanehinventor
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A method for monitoring and protecting a designated real estate Title (Deed/Transfer) against title theft, fraudulent transaction, mortgage fraud includes process and steps of compiling selected data records associated with a designated real estate Title from plurality of predefined sources and storing the compiled data into an associated file within a computer database, number referencing stored selected data to further facilitate confirmation and authentication of the data records, execute monitoring process for an authenticated Title by preparing and registering security Charge/Mortgage on the Title, Issue transaction permit code, registering with local and national lender data base, Mortgage default insurers and Title insurance companies as protected Title, protect an authenticated Title from fraudulent transaction, mortgage fraud and illegal activity by further verifying transactional data of the requesting party with the stored authenticated data, stop transaction on detection of data discrepancies, issue transaction completion permit and discharge registered security charge by obtaining consistency in obtained data records. A system comprising of confirmation, authentication and verification algorithm and ID validation hardware components. The system further includes a computer database for storing data records, computer software to validate ID cards, reference number data records, execute confirmation, authentication and verification algorithm and issue transaction completion permit/Termination warning and security charge/discharge documents.
A method for monitoring and protecting a designated real estate Title (Deed/Transfer) against title theft, fraudulent transaction, mortgage fraud and illegal activity from unauthorized party, comprising the process and steps of:
The method according to claim 15, Wherein said reference numbering algorithm using data in the selected second ID document mentioned in claim 36 further appoints:
Dependencies are inferred from the claim text.