Title fraud, a growing concern in Canada, targets newcomers and seniors, urging homeowners and realtors to be vigilant and consider title insurance.
Title fraud, involving the fraudulent change of property ownership or forging documents to illegally sell or refinance properties, has become a growing concern in Canada, with experts urging homeowners and realtors to take steps to protect against this type of fraud. Homeowners and realtors are advised to be vigilant and monitor for potential red flags. Title insurance is recommended, as it can cover the costs of rectifying the fraud. Fraudsters often target newcomers to Canada and seniors, who may face language barriers and have fully paid-off mortgages.
March 17, 2024
22 Articles