How organized crime has mortgaged or sold at least 30 GTA homes without owners' knowledge
CBC Toronto has learned a handful of organized crime groups are behind these real-estate frauds — in which at least 30 homes in the Greater Toronto Area have either been sold or mortgaged without the real owners' knowledge. Those revelations come from a private investigation firm working for a...
So I guess the banks have no responsibility in all this? 'C'mon down to the bank and if you can convince one of our half wit employees you own a home....YOU WIN THE HOME!...But wait....there's more! If the bank employee can guess your weight...YOU WIN SOMEONE ELSE'S CAR!!!!
Hmm. From “one isolated case” last week to now 30 this week. Even odds it’ll be revealed by end of week that the ‘many dozens’ will in fact be 100s of investigations Canada wide.
At some point we're going to have to ask if some real estate agents are complicit in these crimes.
If we could get actual public records without them being locked by Teranet this issue gets much easier to verify. The government sold all our data to teranet, Ontario Land offices are basically not a thing anymore.
To see any record you’re hitting this private company and they really don’t want to work with the public (go ahead try email them - don’t expect a reply). They’re probably in on it lol
100% there’s an inside person working for the mortgage company/bank. They need someone to over look the checks and balances to let a transaction like this go through. Start pressing the mortgage/bank employees processing these transaction and they will probably find a smoking gun at the least.
Wow, can't wait for the press conference to hear from Chief Wiggum and Mayor Quimby.
So the end results of these cases are that the legitimate owners continue to own their house, and the bank that failed to validate the legitimacy of the sellers fully compensates the duped buyers, right? ... Right?
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