Last blog post I talked about Land Title Fraud as being one form of Real Estate Fraud in Canada. This blog will talk about another form of Real Estate Fraud: Foreclosure Fraud. Foreclosure Fraud First, let’s discuss Foreclosure. Foreclosure is the process whereby the mortgage lender takes possession of a borrower’s home and sells the …
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Although Real Estate Fraud isn’t the most popular type of fraud in Canada it does have a huge financial impact to its victims. It is important to understand how Real Estate Fraud happens and more importantly how to protect yourself against it. There are two types of Real Estate Fraud: Title Fraud and Foreclosure Fraud. …
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The Bank of Canada has decided to keep its key overnight rate at 1%. Global uncertainty with concerns over Europe’s recession and economic stability continue. In Canada household expenditures and business investing remain strong, however the strength of the Canadian Dollar is concerning for our export business. Also underwatch is our growing unemployment numbers. Credit …
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