Toronto police seek public's help after house sold without owners' consent


Olde Hornet

Well-Known Member
What a scam!


Toronto police are seeking the public's help in what the service is calling a complex mortgage fraud investigation.

In a news release on Thursday, police say Toronto homeowners left Canada for work in January of 2022 and learned, months later, that their property had been sold out from under them without their knowledge.

According to police, a man and a woman used fake identification to pose as the homeowners. They then hired a realtor who listed the house for sale.

Police say the house was sold and new homeowners took possession.

Now, investigators are asking the public to help identify two suspects, whose pictures are below.

A Toronto police spokesperson declined to provide additional information about the case when CBC Toronto followed up.

The spokesperson said the force can't provide any advice on how the public can protect themselves from a fraud of this nature, but said this is not the victims' fault.
 

Three people have been charged after they allegedly sold a house in Toronto that they didn't own and tried to collect the proceeds.

In a news release on Friday, Toronto police say they have charged a Markham woman, 41, and two Toronto men, both 22, in a title fraud scam investigation.

The woman has been charged with fraud over $5,000, possession of proceeds obtained by crime over $5,000, laundering proceeds of crime, personation with intent to obtain property and uttering a forged document. The men have both been charged with fraud over $5,000.

All three are due in a Toronto courtroom on Monday.

Title fraud involves stolen ownership​

Recent news stories have highlighted the dangers of title fraud, when people steal ownership of a home in order to benefit from its value.

Title fraud involves a person using fake identification, or forging documents to steal the identity of a homeowner, and taking away their "title," or legal ownership of a property.

Once fraudsters have their hands on a property's title, they can remortgage it, sell it to an unsuspecting buyer, or extract value from it in some other way and make off with the proceeds.
 
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