All About Title Insurance Fraud

From the Mak Family…

I just wanted to say a few words about Mayor Hazel, who was a near and dear friend of the family.

At more than a 100+ years old, she was still very active attending various events in the community and supported many of our events at the Mississauga Board of Chinese and Professionals (CPB) since its inception 25 years ago.

When we attended the “Mayor’s Charity Cruise”, it was hard for everyone to keep up with Hazel during the excursions, as she darted around with the curiosity of child.  She really is a hurricane!

And back in Mississauga, she would occasionally join my grandma at the local bakery just to chill. The problem is my grandmother doesn’t speak English, so my mom would have to drive over to translate.

Hazel left a big mark in Mississauga with her time here.

May she rest in peace.


INTERVIEW: TITLE INSURANCE FRAUD

Join my interview with Mary Nguyen, Account Manager at Chicago Title, as we discuss everything you need to know and title insurance and title insurance fraud in Toronto.

Some interesting facts:
• There were 983 fake mortgage registrations last year

 • Most title insurance only covers a 200% inflation increase, so if your home was bought many years ago, the market rate may be much higher than your coverage

• Most title insurance only covers a 200% inflation increase, so if your home was bought many years ago, the market rate may be much higher than your coverage

• Title insurance came around the year 2000, so you may want to check with your lawyer about your policy if you bought your home before then

• Fraudsters are targeting inexperienced lawyers or realtors to unwittingly help with their scams

• Criminals are also targeting seniors because they are easier to manipulate and often have no mortgages

 Questions about your real estate situation?
Call me at (416) 276-4895.


TESTIMONIAL

I just wanted to congratulate my clients, J & J, for selling their condo at 2152 Lawrence Ave.
It’s been a very tough market and this sale was a bit more complicated because of the existing tenant.
But with the client’s patience and trust, we were able to sell the property at the price they wanted so that they can move on to better opportunities.


Are you looking for the hardest
working agent in the GTA?

LAWRENCE MAK
Real Estate Broker
EXP Realty, Brokerage
(416) 276-4895
Homes@LawrenceMak.com

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