Tag Archives for " mortgage fraud "

Feb 17

Mortgage Fraud

By Bruce Firestone | Uncategorized

Years ago, Las Vegas star Wayne Newton apparently got stung by a threesome of rip-off artists.  Here’s his story as told to me by all-seeing, all-knowing ROYAL LePAGE Performance Realty broker of record Ralph Shaw. First, you have a single Arabian horse worth $1,500. It’s owned by “Chad”. Chad sells it to Bill for $1 million. […]

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Apr 02

Power of Sale v Foreclosure

By Bruce Firestone | Uncategorized

Canada, being a kinder gentler version of America, has its own remedy for mortgage default (a type of foreclosure) called Power of Sale (POS). If you don’t make your mortgage payments (first, second or even third), the mortgage holder has the right to commence POS procedures against you and your property. When they do so, […]

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