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Feb 6, 2023 · A growing number of Canadians have fallen victim to a crime called total title fraud, in which scammers impersonate homeowners and sell their houses to unsuspecting buyers, then disappear with...
Jan 23, 2023 · A private investigation firm working for a title insurance company says a handful of organized crime groups are behind a string of real-estate frauds in the GTA — where at least 30 homes...
- How Real Estate Fraud Happens
- Protect Yourself from Real Estate Fraud
- If You're A Victim of Real Estate Fraud
There are two main types of real estate fraud that may result in financial loss: title fraud and foreclosure fraud.
To help protect yourself against real estate fraud: 1. when applying for a mortgage, deal with licensed or accredited mortgage and real estate professionals 2. fully read any documents before signing them 3. keep your mortgage information in a safe place 4. shred old documents rather than throwing them in the trash 5. contact your mortgage lender f...
If you think you’re a victim of real estate fraud: 1. write down when you noticed the fraud and the actions you took. Include the names of the people you spoke to and dates of communications 2. contact your financial institutions and any other companies where you think accounts may be affected 3. file a report with your local police 4. contact your...
There are times when a person will discover that his or her house is no longer in possession due to instances of fraud. Another person, couple or family may attempt to move in when the current occupant still lives at the property.
- HG.Org
Jan 5, 2023 · "Several months after the sale of the property, the real homeowners discovered that their property was sold without their consent," say investigators, who sadly did not describe how anyone ...
- Lauren O'neil
Jan 12, 2023 · Those new owners took possession, and the true homeowners did not find out about the fraudulent transaction until they returned home months later. Real estate agents, sales persons, brokers, and lawyers among other professionals and entities, are required to authenticate and record the personal information of their clients.
People also ask
How long did it take a scammer to sell a house?
Did scammers sell a house before real homeowners found out?
How much does it cost to buy a house if scammed?
What happens if you are a victim of real estate fraud?
What happens if you get scammed out of your home?
Are homes being sold behind owners' backs?
Jan 12, 2023 · Fraudsters tried to sell people's homes without them knowing. How you can protect yourself 'People do these crimes because it’s a large amount of money and it usually takes three to six...
