“You’ve worked hard all your life… your house is finally paid off. You decide to it’s time to get a smaller house, maybe a condo or you just want travel. Does this sound like someone you know? You sell your home but discover that someone has registered a mortgage on your house without you knowing it. Sound impossible? Guess again… this is Mortgage Fraud and it’s happening now.”
I wrote that back in 2006. Since then we have seen some provincial governments step in with laws to protect unsuspecting homeowners…. You can also purchase Title insurance to protect you as well. But once you have been victimized by the crooks, you still need to make a claim and go through the hassle of clearing things up…. Who wants to go through making a claim? This takes time and can be a big paid in the rear.
What if there was a way to make yourself less of a target? The good news is there is a better way to protect yourself….. The criminals go after homes that have no mortgage. This is PUBLIC information. Anyone can find out if you have a mortgage just by going to the Land Registry Office and doing a search. So what should you do?
The solution is to register a mortgage on your home. This doesn’t mean you need to borrow money. By getting a secured line of credit you will have a collateral mortgage registered. The criminals will not know if you have a balance on that mortgage or if it’s $0. And they will probably go searching for the next home that has no mortgage.
What makes this product unique is that it is available to both salaried and self-employed individuals that cannot prove their income. If you don’t use it, it doesn’t cost you anything.
Let me know if you would like more details about this.
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.