Buying a home is without a doubt the most complicated purchase you will ever make.<\/p>\n\n\n\n
The list of logistical and financial details is long \u2014 from getting your downpayment together to paying legal and closing fees, all the while having to deal with a number of emotional issues, it all adds up and can lead you to miss the signs of real estate fraud.<\/p>\n\n\n\n
While it\u2019s one of the lesser-known kinds of fraud in Canada, its impact can be devastating. There are two types of real estate fraud that may result in financial losses for homeowners \u2014 title fraud and foreclosure fraud.<\/p>\n\n\n\n
Title fraud happens when a fraudster steals the title to a home. This type of fraud is usually committed after the fraudster steals the owner\u2019s identity, when they sell the home or apply for a new mortgage against it.<\/p>\n\n\n\n
Foreclosure fraud happens when homeowners having difficulty making their payments mistakenly turn to a fraudster who convinces them to transfer their property title in return for a loan. Often, the fraudster keeps their loan payments and resells or remortgages the victim\u2019s home.<\/p>\n\n\n\n
Fortunately, you can protect yourself with these simple tips:<\/strong><\/p>\n\n\n\n Buying a home is without a doubt the most complicated purchase you will ever make. The list of logistical and financial details is long \u2014 from getting your downpayment together to paying legal and closing fees, all the while having to deal with a number of emotional issues, it all adds up and can lead […]<\/p>\n","protected":false},"author":3,"featured_media":1120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[8],"tags":[78,25,23,55],"class_list":["post-1119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-fraud","tag-real-estate","tag-thailand-housing-market","tag-tips"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t