Blog
The FCT blog aims to answer your industry questions, examine current market trends and provide key information on the value of our products and services.
The FCT blog does not represent a single author or opinion. Instead, it represents the collective voice and experience of FCT’s dedicated niche experts.
Protect yourself from foreclosure fraud
Mar 22nd, 2018 | FCT
Maybe you or your spouse lost a job recently or you had a large unexpected expense. The unpaid bills are piling up and you’ve defaulted on your mortgage payments. Now you’re in…
Straw buyer fraud: it’s too good to be true!
Mar 15th, 2018 | FCT
Have you ever had a client come into your office to retain your services–someone you’ve never worked with before; you’re not sure how they were referred; and the talking and negotiating is…
What is synthetic identification fraud??
Mar 8th, 2018 | FCT
You may be wondering, what is a synthetic identity? A synthetic identity is when a fraudster uses real and fake identification (ID) to create an entirely new identity. Virtually untraceable, this type…
How to spot ‘power of attorney’ fraud
Mar 1st, 2018 | Marie Taylor
Years ago, powers of attorney were commonly used in real estate transactions when an individual was incapacitated or a spouse was in the military. Now, it is not uncommon for an individual…
Battling mortgage fraud in the age of digital mortgages
Feb 23rd, 2018 | Ryan Lambert
It’s rare to go a week without seeing a headline around housing affordability, regardless of where you live in Canada. While there is always the “tale of two markets” for Vancouver and…
Watch Out For Fraud This Holiday Season!
Dec 6th, 2017 | FCT
At the height of the holiday rush, FCT’s commercial division received a request for title insurance for a blanket mortgage in the amount of $2.6 million, spanning five vacant properties, all with…
A Recap of the 2017 Mortgage Fraud Summit
Oct 25th, 2017 | Marie Taylor
On October 17th, I felt privileged to be part of a panel of industry experts at the Mortgage Professionals Mortgage Fraud Summit. The fraud summit happens every two years and it brings…
Is Your Cottage or Investment Property Vulnerable to Fraud?
Aug 1st, 2017 | FCT
While people may see the value of getting title insurance for their homes, it is equally important to title insure any property you own – a cottage, summer home or even an…
What We Can Learn From Toronto-Dominion Bank v. Currie
Jul 21st, 2017 | FCT
To what extent will a private lender be bound by the actions of a mortgage broker working on its behalf? Will Canadian courts deem the broker to be an agent of the…
How can you mitigate real estate fraud?
Apr 19th, 2017 | FCT
Mortgage fraud has quickly become the fastest growing crime in North America, most often affecting the institutions that lend money to individuals purchasing property. The most common form of mortgage fraud involves…
