TZUTC: -0500   
   MSGID: 303.canada@1:2320/105 283bb87b   
   REPLY: 1:153/757.21@fidonet 04d038ef   
   PID: Synchronet 3.19c-Linux master/cb76b1463 Feb 20 2022 GCC 7.5.0   
   TID: SBBSecho 3.14-Linux master/cb76b1463 Feb 20 2022 GCC 7.5.0   
   BBSID: CAPCITY2   
   CHRS: ASCII 1   
   Hi August..   
      
   RM> The problem, which should never have been allowed to  exist, is that   
     > they have replaced Title Searches with Title Insurance.   
      
   AA>It just seems to easy to misrepresent oneself as the true owner   
     >of a property.  Meanwhile, no one seems to check with the   
     >actual owners themselves!  ..and a property can proceed with a   
     >mortgage/sale and the true owners don't even have a clue that   
     >is going on.   
      
   I actually ran across some info on it since posting this and it's   
   not quite as easy as it sounds, the 'sellers' have to do an actual   
   identity theft to pull it off, having drivers license numbers and   
   Social Insurance numbers and such, but we know these things still   
   happen fairly frequently. They mentioned on the news that it is run   
   most often by organized crime. Something like 30 homes in Toronto alone   
   have been subject to this in the past year, mostly Mortgage fraud, not   
   the sale of the house fraud, which is much harder to pull off.   
      
   A story mentioned that in 4 cases the house was actually sold, and   
   one couple only found out about it because their mortgage had been   
   paid off - which would have to be done before the house could be sold.   
   (They were out of the country for 4 years with the house rented out.)   
      
   It was mentioned that 'the system' believes the new owners legally own   
   the property but there's no further info on what can be done to get it   
   back. It's apparently a little messier than buying a stolen car..   
      
   Everyone believes something should be done to prevent this but it's one   
   of those things where it will take time for the law to catch up with   
   the crime.. and I think That is ridiculous too.. They should be able to   
   pass something virtually overnight to stop this. I'd imagine just making   
   the lawyer that put through the sale financially responsible for the   
   whole mess might put a stop to it pretty quickly..   
   ---   
    * SLMR Rob  * Does the National Ballet travel by Tu Tu Train?   
    * Origin: capitolcityonline.net * Telnet/SSH:2022/HTTP (1:2320/105)   
   SEEN-BY: 15/0 105/81 106/201 116/17 18 129/305 153/7715 218/700 226/30   
   SEEN-BY: 227/114 229/110 111 112 113 114 275 307 317 426 428 470 664   
   SEEN-BY: 229/700 282/1038 292/854 317/3 320/219 322/757 396/45 712/848   
   SEEN-BY: 2320/0 105   
   PATH: 2320/105 229/426