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crime: SHAM - WOW! Mortgage Fraud - 03/16/10 05:27 PM
According to industry estimates, losses from mortgage fraud in Canada range into the hundreds of millions of dollars annually.  Here's one of the SHAMS that are being pulled on registered title owners by organized crime.  The perpetrators gain access the Land Titles Registry and look for properties with large amounts of equity, properties that have little or no mortgage on them.  Then by either transfer the Title into their alias for very little money or pose as the owners of the home with professionally counterfeited credentials they simply apply for a mortgage against that home, possibly your home and now it … (3 comments)

crime: Making our Cients get Finger Printed - 03/16/09 11:56 AM
To help combat real estate fraud the city of Chicago is requiring starting June 1st that homesellers provide a fingerprint.  Withrampnt fraud occurring in the city, this is not a bad idea. But being a libertarian, the idea of a government official taking my fingerprint disturbs me. I would like to see that these fingerprints be destroyed after a period of time. Fingerprinting is something we often associate with crime. So the fact that Cook County home sellers will soon have to provide a thumb print left some people shocked.“I wouldn’t like that at all. I don’t think that’s necessary,” said … (5 comments)

 
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Bill Jones - Realtor® (403-701-1739) Airdrie & Calgary Area Homes and Condos

Airdrie, AB

More about me…

Discovery Real Estate Ltd. - "Homes By Jones"

Address: 108 Edmonton Trail, Airdrie, AB, T4B1R9

Office Phone: (403) 948-2121

Cell Phone: (403) 701-1739

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