Fraud Facts

For those who know the intricacies of the real estate and lending markets, title fraud makes for fast and easy money. The average case of real estate title fraud amounts to $300,000 and industry insiders estimate these scams are costing Canadians a total of between $300 million and as much as $1.5 billion each year.

Protect Your Title

FCT takes fraud seriously. We believe in the importance of educating our customers about their risk of title fraud and also about the protection afforded to them under title insurance. In 2006, we took our advocacy role a step further and created a website that talks specifically about title fraud to the general public: www.protectyourtitle.com . This site was specifically designed to help consumers understand the issue of title fraud. We encourage you to show your clients this site today.

Resources

In addition, we created specific material for you, our lender customers, about the issue of title fraud and the warning signs to watch. Click here for your copy of the Fraud Fact Sheet.