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“What you got to understand is that the people that are doing this, it’s a group. It takes several people to make this process work,” said King. The B.C. Land Title and Survey Authority said in a March 2021 notice that it was aware of two cases involving property managers being tricked into taking instructions from fraudsters impersonating owners who lived abroad.Article content“Both properties were listed for sale by realtors who accepted a scanned copy of a forged passport to verify the identity of the supposed owner,” the notice said.
But it was rented by fraudsters who moved in, impersonated the owners, and sold it for $1.7 million within two weeks. Daniela De Tommaso, president of First Canadian Title Company Limited, said the firm had seen a “definite rise” in title fraud.
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Impersonators posing as homeowners linked to 32 fraud cases in Ontario and B.C.Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and British Columbia, investigators and official warnings suggest. They haven't left the country yet? Loool Criminals have flocked to Canada via immigration. First they commit mortgage fraud via CMHC_ca OSFICanada FSRA_News . Now they moved on to selling homes they don't own because committing fraud in Canada is so easy. Look at mortgage fraud everyone knows about it and does it. They find this people or just put in the news .than you worried about your car look at this 32 cases.
Source: CP24 - 🏆 30. / 67 Read more »
Impersonators posing as homeowners linked to 32 fraud cases in Ontario and B.C.Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and British Columbia, investigators and official warnings suggest.
Source: CTVNews - 🏆 1. / 99 Read more »
Mortgage and title fraudsters have hit at least 32 homes in Ontario and B.C.Title and mortgage fraud typically involve homes with low or no mortgages. Con artists impersonate the home owner and sell the property quickly Why wouldn’t they target a place where house values are among the highest in the world and punishment for serious crimes is among the lowest in the world. Canada, and Ontario in particular, has become a criminal’s dream.
Source: nationalpost - 🏆 10. / 80 Read more »
What the Bank of Canada's latest rate hike means for mortgage holdersCanadians who watched the cost of taking out a mortgage steadily increase over the last year were dealt another blow when the Bank of Canada upped its interest rate to 4.5 per cent Wednesday. That worse days are ahead, what else? It means people r going to lose they’re houses when they renew if they have a high mortgage, just like in the late 1980’s, so many power of sales, Thank Trudeau for nothing about economy, just give money away and raise taxes The biggest source of inflation in my household has been the increases in my monthly mortgage payments that are 100% a result of Bank of Canada rate hikes. The federal government is my 1 source/cause of inflation. Stop it! And where is all the extra interest collected going?
Source: CP24 - 🏆 30. / 67 Read more »