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Equityprotect Foils Alleged Title Fraud Scheme In Ohio

EquityProtect’s SmartPolicy technology reportedly stopped an attempted title theft this summer that targeted an elderly Columbus, Ohio, homeowner.

According to the company, a scammer tried to persuade the man to take out a reverse mortgage in an effort to steal his home equity. The homeowner’s daughter — who holds power of attorney and guardianship over his real estate assets — had previously enrolled the property in EquityProtect’s system.

When the mortgage request was submitted, the technology flagged the issue and forced the lender to seek confirmation from the legal owner. EquityProtect then contacted the daughter, halting the scam process.

“I was shocked when I heard from EquityProtect that my father was attempting to take out a mortgage on his home, as he has no need,” the victim’s daughter said. “We have been dealing with the influence this scammer has over my father for years, and I cannot imagine how horrific it would have been if they had succeeded.

“I was so thankful we had EquityProtect’s technology in place to stop this before it happened.”

The homeowner’s identity is being withheld due to the ongoing investigation, EquityProtect added.

Financial crimes targeting older adults have risen in recent years.

The FBI’s Boston Division reported $4.88 billion in losses from 147,127 complaints in 2024 — a 46% increase in complaints and 43% increase in financial losses compared with the previous year.

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Equityprotect Foils Alleged Title Fraud Scheme In Ohio

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