Recent mortgage fraud in Toronto.. you can prevent it easily.. Read on.
In November, Toronto police said a woman used fake ID to get a $300,000 mortgage. The unsuspecting homeowner only discovered a mortgage had been fraudulently registered on their home when they received mortgage documents in the mail.
This is not a new scam. It’s happened many times in the past. Here’s a big one from 2010 that involved $140million and hundreds of people. This one was huge. Most are not this big or elaborate. It’s the smaller ones, like the recent one for $300,000, that are more common place.
HOW IT’S DONE
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