This all started a little over a week ago with ‘Delete their asses’ (at https://lawlordtobe.com/2023/01/14/delete-their-asses/), I quoted the BBC who gave us “Despite our efforts, every year we do register a very small number of fraudulent transactions”. Now CBC gives us (at https://www.cbc.ca/news/canada/toronto/organized-crime-groups-behind-gta-home-sales-mortgages-without-owners-knowledge-1.6719978) With the headline ‘How organised crime has mortgaged or sold at least 30 GTA homes without owners’ knowledge’ This does not invalidate the quote “we do register a very small number of fraudulent transactions”, yet I believe that they were already aware and at least 30 is not a very small number, as I personally see it, it is the use of the word ‘very’. You see, the issue is a lot larger than they make it out to be. Organised crime is not that intelligent (unless they have Filofaxes, making them very organised crime), what does happen is that some innovative scoundrel with a law degree, or perhaps even an intelligent law student who passed his Real Property is equivalent and a few other parts and then he or she realises that there is a gap, a loophole and whatever happens in Canada, in the UK will also optionally happen in Australia and New Zealand. I stated on the 14th of January that something had to be done yesterday, Now CBC shows us that something is essential to be done and it should have been done last year.
A larger review of housing and the need to create legal barricades, so that people can go on vacation knowing that they can go on vacation and when they get home their house will still be theirs. I still believe that a step towards mandatory actuary services could become a first step. Banks might add actuaries and add safety services and there could be a chance that when you go to the bank for a mortgage, they will insist on THEIR actuary services reducing the chance that they see their money gone on a false mortgage. I am not stating that this will be the case, but it could be the case. You see, the quote “CBC Toronto has learned that a handful of organised crime groups are behind these real-estate frauds — in which at least 30 homes in the Greater Toronto Area (GTA) have either been sold or mortgaged without the real owners’ knowledge” shows these 30 events around Toronto, implying that Canada has a decent amount more of these cases. So how many happened in the UK, how many will Australia have? The people behind it would spread the setting as much as possible getting a much greater amount of profit. What is clear that 30 in Toronto is merely the tip of the iceberg and something needs to be done.
Because in the end, it will never rain when it pours, the question is will you in the end have a roof to shield you from that?