Real estate scams are on the rise in the GTA, where home prices have skyrocketed. Scammers have sold at least 30 homes without the knowledge of the owner.
- Title
frauds are often used in which fraudsters use fake IDs to pose as
homeowners; Land title searches are used to list the property.
- Real
estate agents are used to list the property, and once the deposits are
in the account, the scammers take the money and leave.
- An obvious red flag to look out for is that fraudsters use different email addresses and phone numbers from homeowners.
- Real
estate agents are advised to verify identity, emails, and phone numbers
to confirm the homeowner's identity before listing.
|
