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How can a title thief steal a home?

Well, they don’t cart your home away instead title thieves effectively take control by registering a false sale and taking out a large mortgage against the property. Such fraudulent transactions happen without the homeowner even knowing it. Title thieves like to target properties that are mortgage free.

That was the case with a Richmond pensioner. A few years ago someone impersonating him registered the sale of his property with the land title office and took a $400,000 mortgage out against the previously mortgage-free home. Continue reading

Posted in Debt


Podcast – Fixed or variable rate mortgage – which one should you choose?

With so much conflicting information about mortgage options and the direction of interest rates, it’s not easy to decide.

To shed some light on how to make this important decision listen to our Let’s Talk Money podcast:

Fixed or Variable Interest Rate Mortgages

with special guest Pat Evans, mortgage broker and expert in the mortgage field.

You can reach Pat at 250-486-3693 pat.evans@shaw.ca or www.mortgagesinbc.com

Posted in Debt, Investing, Podcasts


Top 5 money tips for 2011

Battered by a global financial crisis and the threat of job losses, Canadians are starting to worry about debt. Paying down debt was named a top priority by Canadians in a recent Harris/Decima poll conducted by CIBC, edging out retirement planning and day-to-day spending and budgeting on their priorities list.

If you’re one of those who want to end 2011 with less debt than you started with, here are our top five financial tips to help you: Continue reading

Posted in Budgeting and Cash Flow, Relationship to money