They steal our cars and break into our homes but apparently this is not enough for thieves. Now they actually steal homes too! Unbelievedly, their is a relatively new con that has fraudsters stealing your identity and stealing the title to your home. From there they sell it, either to an accomplice or an unsuspecting buyer and cash out. You are left trying to convince the bank that the home is your and spending tens of thousands of dollars proving it.
The solution to this growing crime is to buy title insurance. The $300-400 policy is getting to be as necessary as fire and theft insurance.
Here are two articles detailing a a few victims' experience in dealing with their worst nightmare, including how the crime works and how to protect yourself.
http://www.canada.com/theprovince/news/story.html?id=c6ad976f-6660-4ac6-a5aa-dfd72a26fa3d
http://www.thestar.com/Article/144240
http://www.thestar.com/News/article/144239
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