Consumer Tips
Avoid being an unwitting participant in mortgage fraud. Be suspicious of situations where you are:
• Asked to inflate (overstate) your income on a mortgage application, indicate you plan to live in a property being purchased as a rental property or provide other false statements.
• Asked to sign documents that contain blanks or asked not to complete certain sections of a form or document.
• Offered a fee for the use of your name and credit information.
• Discouraged from visiting the property, having the property appraised or inspecting the property you are purchasing.
Finally, if it sounds “too good to be true” it probably is.
|From the Real Estate Council of Ontario|
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