A good crook can beat a smart lawyer. G&M October 14th, 2009. Mortgage fraud continues, but it has lessened. The problem is waning. It is mainly and Ontario problem with some happening in BC. Even getting title insurance still allow some risk. Real estate transaction ripe for manipulation because they are complex and specialized information is involved. Most fraud involves industry insiders. Lawyers can be a key ingredient in the scams. It is CRITICAL to get a good lawyer. The brunt of financial losses being taken by financial institutions and title insurers. FSCO has brought in universal liscensing and disclosure which is having a positive impact. But attraction to commit fraud increases with financially tough times. The criminal mind will not cease, where there is a will there is a way.
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