[url]http://www.thestar.com/NASApp/cs/Co...ol=968793972154[/url]
Here's an article where people have been renting houses, getting fraudulent power of attorney letters, selling the house, then vanishing. Just a warning to those that are renting their houses to someone.
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When someone has a lawyer who will fraudulantly witness a signature for power of attorney or some other document, having a cheque or cash deposit isn't going to make any difference. this could have been done even if they owner had been living in the house. That's whats so stunning about this kind of thing is there is no way to know it's happening or protect yourself if the rules protect the banks and buyer.
When my parents paid off their house they discovered the previous owner had been using it as collateral even after not owing the house for over 15 years. All without my parents knowing. Had they checked land titles on a regular basis they would have seen it, but most people don't think to do that. Even sorting that took months of lawyers when it seems so cut and dried yet it would have been my parents who lost their house had the banks wanted.
What happened was terrible, but the guy is partly to blame for this, he took the cash deposit, instead of a cheque, to have some paper trail, and the comment about " the lady was 5ft tall, and looked honest" :confused:
I guess when you judge people by the way they look, it could come back and hunt you :rolleyes:
I can't understand why the province allows this. If it was a stolen car, too bad, it's returned to the owner as is any other stolen property. Why is stealing a home any different? At least if it was returned the banks could go after the lawyers and such but this way the banks and lawyers get off without any apparent responsibility yet they are the ones who are supposed to be verifying ownership and legal issues. Something is wrong with the way this works.
Who would think of doing this who comes up with these ideas. That is terrible the poor old guy to be taken like that is unbelievable. Makes you wonder how you can protect yourself.
try this:
[url]http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1156542610726&call_pageid=968332188492&col=968793972154[/url]
me too DBD
When I hit the link I get an error page.
It's very scary.