Fraud Prevention Tips for Homebuyers and Homeowners

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Mortgage fraud occurs when someone deliberately misrepresents information to obtain mortgage financing that would not have been granted if the truth had been known.

CMHC offers tools and resources to educate consumers to prevent mortgage fraud. It offers important information on how to protect your name, your credit, and your family by avoiding becoming part of mortgage fraud.

Be an informed consumer! Be wary of anyone who approaches you with an offer to make “easy money” in real estate and never agree to purchase a home on someone else’s behalf. Remember: if a deal sounds too good to be true, it probably is.

Protect yourself and your family from becoming victims of or accomplices to mortgage fraud.

CMHC provides valuable fraud prevention tips for homebuyers and homeowners in 8 languages at www.cmhc.ca/welcomehome. Please visit Planning & Managing your Mortgage for more information.