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Mortgage Fraud

Do you think that you are a victim of mortgage fraud? If the answer is yes then we may be able to help you. First lets look at the different types of mortgage fraud.

Title Fraud

Title fraud happens when the original owner’s name is removed from title and another persons name is put on title. In most cases the new owner will put a mortgage on the property and take as much money as possible. The original owner then must fight to have the title fraud corrected.

Mortgage Fraud

The most common form of mortgage fraud involves fraudsters acquiring property and then artificially increasing the property’s value through a series of sales and re-sales between the fraudster and someone in cooperation with them.

A mortgage is then secured on the property based on the price that has been artificially inflated.

Identity Theft

Fraudsters have been known to impersonate the owner of a property by creating false identification and then transferring property that does not belong to them.

How to Fight Mortgage Fraud

The truth is that fighting mortgage fraud is difficult, time consuming and expensive. This is a crime where the fraudsters never meet the victims, but the amount stolen can be huge. In Ontario mortgage fraud can be reported to FSCO, Law Society of Upper Canada and your local police fraud unit. This is a non-violent crime and extremely complex crime, years can go by before people even realize that they are victims, most mortgage fraud cases are never resolved. We want to hear you story and you must provide proof of your claim. We will work on your behalf to correct the fraud.

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