Feb 22 2024 50 mins 6
You’ve heard the horror stories in the news: a family leaves for vacation and on their return someone has sold their house out from under them. Or, maybe they find that somebody has applied for a mortgage in their name.
Who can fall victim to fraudulent property sales? In this eye-opening episode, we delve into a world where both lenders and homeowners can unknowingly become victims of deceit.
In this episode, Jennifer Fiddian-Green, Partner, National Advisory Services, Forensics, Grant Thornton LLP, discusses the tactics used by scammers to initiate property fraud and the preventive actions that you can take to safeguard your assets.
Key takeaways:
Understand the mechanics of fraudulent property sales.
- Learn common tactics used by fraudsters to initiate fraudulent property transfers.
- Learn precautionary actions property owners can take to minimize the risk of property fraud.
- Find out what legal protections and remedies are available to victims of fraudulent property transfers.
Additional Resources:
- Watch Out for Mortgage Fraud – Financial Services Regulatory Authority of Ontario
- Mortgage Fraud: What You Need to Know – CMHC
- Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud
- Identity Theft and Fraud – Canadian Anti-Fraud Centre
- Place a Fraud Alert or Active Duty Alert – Equifax®
- Fraud Victims Resources – TransUnion Canada
- FCT – Property Owners – Title Fraud
- How Organized Crime has Mortgaged or Sold at Least 30 GTA Homes Without Owners' Knowledge – CBC News
- Protect Yourself Against Identity Theft – Government of Canada
The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.
