Mortgage Fraud and Title Insurance
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Mortgage paid off but still in debt?
Mortgage and title fraud is a rising and serious concern in Canada. Title insurance can be your financial shield. In this episode Nicole outlines the alarming scenario of homeowners suddenly finding themselves in default, years after paying off their mortgages due to fraudulent claims— a real-life twist that's becoming all too common.
Title insurance emerges as the unsung hero, providing a one-time purchase that safeguards your property rights against a variety of risks including fraud, survey disputes, and undisclosed liens.
Nicole stresses the importance of understanding your policy and consulting professionals, underscoring that while title insurance isn't mandatory in Canada, it's a strategic move for any homeowner.
Listen For:
0:01 The Rising Threat of Mortgage Fraud
2:33 What Title Insurance Covers
8:03 Why Title Insurance Matters for Both Homeowners and Lenders
10:12 The Kinds of Properties Covered by Title Insurance
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Contact Nicole Lopez
Real Estate Agent
Royal LePage Credit Valley Real Estate, Brokerage
Email | Website
39 epizódok