The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

C10- The Canadian Champion, Friday, May 9, 2008 v v r pr r r' r 19J1\ _ The growing problem of real estate fraud John Cavan, AMP Mortigage Planner Ask your local mortgage planner lt was a relief Ilwben hotxeo nier Susan Lawrence was finaiiy îoid that she wîîuld not be responsîbie fotr pas 'ing a morîgage tbat a xtraiiger hati talin r on ber home. Pay a morîgage that wasn'î biers! Is ibat posxible? Yex, il was a case of tile fraud' a sîranger managed te ose Susans idenîuîx 10 take ont a r-nrrgage on ber home. By the lime the lentier (and Susan) realized wlîaî was happening, the sîranger had disappeared with the înonev - about $290,000 -Ieaving Susan 10 pay it bacs. le took mtxre thian a vear 10 sort il nut. Tbe reai estate undustry cxtimates that morîgage fraud amounîx to, abîout $1.5 billion per year, wiîh an average frauti case of $300,000. Tbis îxni't abîxut bang- ing oxut witb "tbe wroiig perxple. Tîtie fraud doesn't play faxtorîtes: if x'îu're a Canarlian homeowner, then s u e ai rîsie. And ibe rîsie ix grtxwiiig. lit 2000, reai estate tîtie franti tliîîs attîîuîîed for rxnfx 6h/. tif tîxial doulais 1xaid 10 tiaints at C aiada's Ieatiîng titie insurante provîder, Fîrsi Canadian Tîtie. Bx 2005ý ibai ottixbet i eat bet 33',o Sxl lîîxx titiex il iiappei' tt fil randt Oîtt tii s Vidxcix a t riiinai taigeix a speil- tc iîîoiiei anit, tsinig foigeti tititt iietits, posxes asx tbe btiniietiiCi [Ix faixeix, titxtiarge ibe existing ntrgage. Thle t riminai îxbiains a new 111111 gage againsi tue prtxperix -uîitf prirtiptix dixappears wîîb tbe monex', witinut inaking arux mîtgage paymenîx. ix' caiied tijle iîaud betause the triixiinai frandnienîiy tai-es lover title, tbe legai terni ftor prtipert' tiwiierxbip. The right[ui tiwner doesn' h ave a tiuc wbais,. going on untîl tbe inorigage gîtes ix tiefauli and the tentder deixiantis pas- ment ton tbe iitrgige Joant or -x tîrse detides mii fîxietiose on tue prîxperix. Keep i minti, too, ibat il tihe Irantixter bas afreadv stolont xtor idenit, votn wouid haxe 10 petrsuade tbe auîtxorities ibat yîîn are wbtx xon claimt II be! Rcsîtoing tbe prîxpeity s ueI ctn bc ttixî iy anti tiftiteix taies a linge cmnoitiiii til. Aiîbîingb ibe intitdentce tif tille iranti is grîing, tue gptoil iiexxs is t bat C anatitans havxe atCxx,, te, pro ttet ion irtougb tîtle iisoratite. i lie tîîî î tîtie insorante ix ver\ inîxtiesi- anti il ýrixtet.ix bo0niebtixers fri ii a xxtide irange iif title prtxbieiix fIl xîîoî iixîtit a priiperXl iati a cleantiitle, bru liteir Iearn îîeî e ai e tiebîs r tlitît agatixi il x \,oui- tîtie insuranre tîîx rs \liii if tixe piopet ix xi Taking i reps to ensure you and youe home i protected under tit/e insittacce xx key in homxe tale dcets - aueu cnrîlat ing eut ee ait tîîxteî tîtî btiitarx, a1 rglutî xXax -itie institatte tîffeix prtîettin fi t:it alsi bc x aiiabir' ii iarîiîîîîîîxg a sae ax be it' itî' i,, tîtabie te, tbtaiti a pxîîxxt\l orrXex ai i CiCii Xi ati tex,(. tii e\atifxle. i tilt' liixtirarir .\,Ili Co\x t' tuai i ik xii t it sali' tati pirmecl x niil i tilt aixi tifa oio i I pi ti iiiiiiii5 ltaic lIi tilt Iiti1d in"t, Atti viol atont' tht' i ii"î',i i alvielltt, tîtleilxtialt xxitld taxe tox ereti ail tire t iii x ai fegal e xpc' sct relatet li exîtît îng tht lit' N o sup ise iin tuait maux lers utc, retqtitt titit' iîîsttrtiîî antilvd i xviii ofien rtt oîxiinei( il, itor tue extra pitutettioti il ni fers, ai a t erx low tîlsi If ,,oit ait-cati> taxe a home aiîd ait exlsiing inorigage, xI titi stili box title insurante ai arix lime \\e re tareitil tIi loti, up tbe bairbetue, protect our ti edit anti tihit tards, anti nex er leaxe 00r wali ici tii an expîused plate. Our bhome us ttxttiix tîttt mtxst expeive potxsessuin ttls lutte xx e uotugb ahtott prtutitng tl fîttîn ibeit, tiii Nexi uitîe xon tails iii xou nue trgage brtiker tir lender, asie aboutt tîtie itîstrante. jîxtî (lixtit ix liii Approrx ei MlîîIu' PIîîîî ix ilt Nîîî itgg' AItt lit s. Niitgtigt' fîxitî ( îxîts illîtt ljîtîîtî tmie(il 14 Nfiîiiiii Su., N,// 721 n i iii bct lix tnîtîttîl: 9.5 87 i-7211 hait~i o f i 'lîî(Ix ii' etixîtti IX l i Ilxii'xxtt itiit ix'tl/'lli ( itîl itei xii atx xi atua111 bc txht lut ixapi îîîîîîîîîs OPEN HOUSE t î SUNDAY 2-4PM MoI tecîe a ' f flower when you visit CONNIE PRONG axaow udy4m taces Ropîoxoniate axixîx fru i l euîîifti taurier Fa taS, idI t ix oiiîxx I nîg,,ti iiij illi lever dia i Q li i li i x 'jt me conerne ath iknasslixeix)t newxndxxix amif (2i ki 21 ixiîti riyallepage.ta nie i 31xtii (one as new xiie îîîî o a. i', ebe 1 i t aixt i905e andiiedris. Fixxie eiti .i aîiîiwod a i tîaîp i i e c Diir4 6 94 guesi bath), xc a ir xid lxxx xf sixaxig iPRN iiii ,xt x, oxi the ROYAL I.EPAGE gxîgîxxî xerii i aix iceix (aatîese netxte il'lac OIx nd R t,.,. ix Dai r xi a il in 905 510 2xii $3ittit il j, OPEN HOUSE CRANFORD 905-878-7777 '. . f 952020 Ibrigidchan@trebnet.com UNIQUE BACKSPLIT www.brigidchan.com REAL ESTATE 0" o9Ki E/MAX PERFORMANCE C ENTRE Askingi 389.900.I BRR Vi,îixi a aiFxi,., 5.i ixFix MAiYxi 1xi -4P SUN mii, 2 P ~Id \LP IftO o Sales Rep. Off- (905) 793-5000 Wir. (416) 627-1 171 ROYAL LEPAGE -rt Valy Re Et ate Brokeragt Stixxîg 5 bdrm. home w/tii. lxxxi, rot riec I ffîee/2 bdîm i./3 Pt bath Mattamy Toîr/xborg model, 3331 îg i Calilorxia kit. w/teîître îxlaxd. Nealy paîrted & ready ta maie rn Fam, Fm a/gai fpia. Coîffured Oeil- ixg il dixi. mn. fi hrdad. throughaui. $$$îin oIr Bust street loi kîdo ta groa up in FtIIy leroed b/yard a/garder ihid. Patterxed toocrete driveway/porch/backyard patio Staînleix steel xiaxe/lridge/dixhwaxhriur axeî/dryeî/wirdoa cooerîrgx/ ell/CAC/ 0VAC, BBC gax linei $649,900 WOW! LOVELY OETACHEO IN SPACIOUSi CORNER LOT IN HAWTHORNE VILLAGE! B0 il xxi tai MudeM i ý ip" -iy Max îaim i B iji Lu 1i ý i t ,iiFIN 1,fii a e& Mi" Caiil rtti NIw MtS# W1334008 To advertiso in ibis fuature please Cali DIANE WOLSTENHOLME at 905-818-2341 ext. 212 omail: dianew@miltoncanadalchampiofl.com. î