• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

How did this happen?

As many of the commenters on the viral video theorized, Daniels likely received an email from a scammer.

“Just bought a house. Our realtor actually warned us about something like this,” one commenter writes. “Because it’s public that you bought the house, people will try to say they have a lease for your home to get money from [you].”

Whenever you buy a home, it is important to record your deed with the local county clerk’s office, according to not-for-profit TexasLawHelp.org. The county clerk’s records are public.

All you need on the deed are the bare bones: the new owner, the previous owner, the property description and any encumbrances — any limitations on how the land can be used. You have better legal standing on your property with one. Without a recorded deed, the previous owner could technically sell it to someone else, resulting in a very messy legal battle.

With your deed in the public domain, it means anyone can see who owns a property in Texas, and it does leave you susceptible to being targeted for fraud.

Discover how a simple decision today could lead to an extra $1.3 million in retirement

Learn how you can set yourself up for a more prosperous future by exploring why so many people who work with financial advisors retire with more wealth.

Discover the full story and see how you could be on the path to an extra $1.3 million in retirement.

Read More

How to avoid being scammed

After August 7, Daniels posted another TikTok video to update her viewers. She said she stopped emailing the possible renter and sent their complaint to her title lawyer, as well as the previous owners. She’s heard nothing about the matter since — and no moving trucks arrived at her place on Aug. 7.

“We’re in the clear,” she confirmed in the video.

Just like Daniels, it’s best to speak with a lawyer before responding to emails regarding claims on your new home.

As one commenter aptly put it: “Stop communicating until you have representation. I know it feels expensive but it’s worth it to save your house.”

If lawyers, deeds and public domains make you anxious, there are other ways to invest in real estate without buying a home. You can purchase real estate investment trusts (REITs), which operate like stocks in the market. You can buy and sell them, like any other share, and avoid the logistical nightmares that can arise when you own one or more properties.

Sponsored

The richest 1% use an advisor. Do you?

Wealthy people know that having money is not the same as being good with money. Advisor can help you shape your financial future and connect with expert guidance . A trusted advisor helps you make smart choices about investments, retirement savings, and tax planning. Try Advisor now.

Sabina Wex is a writer and podcast producer in Toronto. Her work has appeared in Business Insider, Fast Company, CBC and more.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.