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Title & Deeds

What is “Title Fraud”?

admin
August 5, 2023

Title fraud (or real estate title fraud) is a form of real estate fraud that harms individual homeowners and their lenders. Title fraud typically involves a fraudster using stolen personal information, or forged documents to transfer your home’s title to him/herself (or an accomplice), without your knowledge. The fraudster then gets a mortgage on your home and disappears with the money.

If you are a victim of title fraud, you may be able to receive compensation for your losses if you submit a claim through the government’s Land Titles Assurance Fund (LTAF). For more information on the Land Titles Assurance Fund visit www.ontario.ca/serviceontario and search for Land Titles Assurance Fund.

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Bilal Imtyaz is full stack deveoper

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Proppa requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

https://www.fsco.gov.on.ca/en/insurance/brochures/Pages/understanding-title-insurance.aspx

Disclaimer: This article is for informational purposes only and should not be considered as financial or investment advice. Real estate investments carry risks, and individuals should conduct thorough research and seek professional guidance before making any investment decisions.