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Real Estate Fraud
Every day, Canadians take steps to protect their largest investment – their home. Unfortunately, our homes are becoming vulnerable to an emerging type of crime – real estate fraud.
Homeowners are often unaware they have fallen prey to this silent crime and are shocked to discover they no longer hold legal title to their home.
Real estate title fraud is relatively easy to commit. Fraudsters pose as the legitimate owners of a home, they mortgage it and disappear with the money. The real owners are in for a nasty shock when their lender contacts them to collect on the falsified mortgage.
In most cases, the legitimate owner has no idea that a fraudster has changed ownership of their property.
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