Toronto Police Service Financial Crimes is requesting assistance identifying a woman investigators believe tricked a mortgage lender into providing a $1.3 million mortgage on a property she didn’t own.
It’s reported that in January 2016 the woman contacted a mobile mortgage specialist and applied for a $1.3 mortgage on a property. The specialist successfully found financing through a bank and a mortgage was registered on the home, the woman then received $1.3 million via her real estate lawyer.
The real homeowner reported the mortgage fraud after discovering the wrongdoing. The unidentified woman is now being investigated for using fake identification to personate the real homeowner.
Read more at Toronto Police
