Mortgage and title fraudsters who impersonate homeowners and tenants have targeted at least 32 properties in Ontario and British Columbia
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“What you got to understand is that the people that are doing this, it’s a group. It takes several people to make this process work,” said King. The B.C. Land Title and Survey Authority said in a March 2021 notice that it was aware of two cases involving property managers being tricked into taking instructions from fraudsters impersonating owners who lived abroad.Article content“Both properties were listed for sale by realtors who accepted a scanned copy of a forged passport to verify the identity of the supposed owner,” the notice said.
But it was rented by fraudsters who moved in, impersonated the owners, and sold it for $1.7 million within two weeks. Daniela De Tommaso, president of First Canadian Title Company Limited, said the firm had seen a “definite rise” in title fraud.
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