How to Avoid Mortgage Fraud

mortgage fraud

Podcast Episode 97:
“Mortgage Fraud.

The simplest way to avoid committing mortgage fraud is to fully disclose everything about a deal to your lender. If they are satisfied, then you’re probably okay. But what happens if someone else is defrauding you? In Tales from the Trenches, you usually hear second-hand accounts of the trials, tribulations, and successes of Canadian real estate investors. In this Tale, you’ll hear it from the “horse’s mouth.” Special guest Valden Palm tells us how he narrowly avoided getting sucked into a mortgage scam. An unscrupulous guy in Edmonton was buying houses, doing shoddy renovations, and then flipping them between shell companies to get more and more money in refinanced mortgages. Lucky for Valden, due diligence and a gut feeling saved his bacon!

 

Download the audio file HERE.
(control click or right click + save as)

If you’re buying or selling real estate in Alberta, you need a lawyer.
Use the form below to contact Barry now!

“Mortgage Fraud” image courtesy of  http://www.cafecredit.com used under CC Attribution 2.0 Generic.

The Basics: Is It Black, White, or Grey? (Part Two Handout)

Text Notes for Podcast Episode 27: “Is It Black, White, or Grey? (Part Two).”

A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference and stay away from mortgage fraud.

Download the handout for parts one and two (Mac control + click + “save as” / PC right click + “save as”) HERE. Continue reading

The Basics: Is It Black, White, or Grey? (Part Two)

Podcast Episode 27:  “Is It Black, White, or Grey? (Part Two).”

A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference and stay away from mortgage fraud.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

The full-text version of this Tale from the Trenches can be found HERE.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.

The Basics: Is It Black, White, or Grey? (Part One)

Podcast Episode 26:  “Is It Black, White, or Grey? (Part One).”

A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference and stay away from mortgage fraud.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

The full-text version of this Tale from the Trenches can be found HERE.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.

The Basics: Is It Black, White, or Grey? (Part One Handout)

Text Notes for Podcast Episode 26: “Is It Black, White, or Grey? (Part One).”

A discussion of how to describe real estate situations as black (bad, stay away), white (legitimate, perfectly okay) or grey (uncertainty, could be offside, heading for black). Five real-life scenarios that illustrate the concepts of black, white or grey. Learn to tell the difference and stay away from mortgage fraud.

Download the handout for parts one and two (Mac control + click + “save as” / PC right click + “save as”) HERE. Continue reading

Parol Evidence Rule

Podcast Episode 15: “Parol Evidence Rule.”

People lie. You are not allowed to use verbal evidence to vary a written contract. Get all promises in writing. Don’t remove conditions especially a, ‘subject to financing’ condition until you are satisfied you have the appropriate financing.

Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.

The full-text version of this Tale from the Trenches can be found HERE.

Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.

Parol Evidence Rule (Handout)

Text Notes for Podcast Episode 15: “Parol Evidence Rule.”

People lie. You are not allowed to use verbal evidence to vary a written contract. Get all promises in writing. Don’t remove conditions especially a, ‘subject to financing’ condition until you are satisfied you have the appropriate financing.

Download the handout (Mac control + click + “save as” / PC right click + “save as”) HERE. Continue reading