|Posted:||March 4, 2019 02:08 PM|
|From:||Senator Lawrence M. Farnese, Jr.|
|To:||All Senate members|
|In the near future, I plan to reintroduce three pieces of legislation to address the growing problem of "house theft" that arises from the use of fraudulent deeds.
Hundreds of property owners in Philadelphia are shocked to find each year that title to their property has been stolen by an unknown party. The theft is usually accomplished by the use of false names, fraudulent notary certifications, or more complex financial deals perpetrated on unsophisticated or unsuspecting homeowners. It often takes years and thousands of dollars in attorneys' fees to undo the harm caused by these criminals and restore title to the rightful owner.
Deed theft is not only an issue in Philadelphia. but a phenomenon with statewide impact affecting many aspects of property ownership.
|Description:||The first piece of legislation (SB 615 of the 2013-14 session) will address the problem through changes to the Recording Laws. These remedies include:
|Description:||The second piece of legislation (SB 616 of the 2013-14 session) will address the problem through changes to the Notary Public Law, which include:
|Description:||The third piece of legislation (SB 617 of the 2013-14 session) would allow county recorders to flag and delay processing of clearly fraudulent deeds. In addition, the new language will include a requirement that the deed be signed by both the grantor and grantee.
This bill has arisen from legislation passed by Philadelphia City Council in 2010.