While the practice is not as rampant as earlier in the decade, imaginative criminals keep dreaming up new scams

(Source: Globe and Mail)

Mortgage fraud was rampant in the earlier part of this decade, and a number of Canadian lawyers were involved in systematic frauds involving dozens of properties, costing victims millions of dollars. There are indications that the problem has waned. But despite recent regulatory changes and greater consumer awareness, the problem hasn’t been eradicated.

In Canada, mortgage fraud usually follows the hottest real estate markets and pricier properties, legal experts say.

Read Karim Bardeesy’s full article “Mortgage fraud down, but not out” in the Globe and Mail (October 13, 2009).

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