Canadian Mortgage Fraud Awareness, Protect Yourself and Your Home!

Mortgage Fraud Awareness, Protect Yourself and Your Home!

Consumers are increasingly alert to the dangers associated with credit card fraud. Yet, many remain unaware of the possibility of fraud against the single largest purchase they are ever likely to make - a home. Real estate industry insiders now peg the average case of real estate fraud at $300,000, meaning years of personal and financial repercussions for those who fall victim. In comparison, the RCMP estimates the average credit card fraud case in Canada to average around $1,200. Industry insiders estimate that real estate fraud costs Canadians between $300 million and $1.5 billion each year. (Above Compliments of First Canadian Title)

Every Canadian homeowner needs to be aware and know how to protect themselves from this crime. Whether it is fraud by forgery or identify theft impersonation, each individual needs to stay protected. For more information on title insurance from First Canadian Title and identity fraud please visit www.protectyourtitle.com.