Quote:
Originally Posted by calgarygeologist
I was going to say this as well. I'm not entirely sure how well it works as a safeguard but I remember hearing about title theft about ten years ago and the advice at that time was to have a HELOC on the property.
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That advice is likely recommended by banks who know giving people access to credit means credit gets used. So it could just be a fear based sales pitch even if it is correct advice.