The Law Society of British Columbia, after four years of investigations, recently approved $32.5 million in payments to cover a multimillion-dollar real estate fraud case involving a Vancouver lawyer. The high-profile case involved transactions between 1998 and 2002 and affected hundreds of victims in the scheme. Here are other cases of title fraud that have taken place across the country:
In Alberta, a Calgary man was convicted and sentenced in a case involving the unlawful transfer of title and the mortgaging of a property for almost $110,000. The fraud came to light when the rightful owner of the property attempted to pay property taxes and was told by the City of Calgary that he no longer owned the property.
In British Columbia, an innocent owner of a New Westminster home had good title as against fraudsters, but that the title was subject to mortgages “granted” by the fraudsters to two different lenders.
In British Columbia, 71-year old Richmond man learned that probable identity theft had allowed fraudsters to convey and mortgage his $600,000 home.
In British Columbia, a Surrey woman pleaded guilty to mortgage fraud last year after posing as the owner of a lot and taking out a $170,000 mortgage on the property. The woman was ordered to repay the amount along with legal costs incurred by the owner, a Vancouver woman.
In Ontario, a Mississauga, man, who, when he tried to sell his parent’s home last year, discovered that someone had fraudulently sold the home for $400,000. The case was resolved after $11,000 in legal fees, but the fraudster is still at large.
In Ontario, a Brantford woman received a call from a mortgage collector saying she was three months behind on her mortgage payments for a home she didn’t know she owned. Later that night she also discovered that two other properties had been mortgaged in her name, leaving her on the hook for more than $400,000. |