Advertisement

Toronto police searching for woman wanted in connection with $300,000 mortgage fraud

Photograph of woman sought in $300,000 fraud investigation.
Photograph of woman sought in $300,000 fraud investigation. Toronto Police/Handouts

TORONTO – Police in Toronto are trying to identify a woman in a $300,000 mortgage fraud investigation.

They said a woman contacted a mortgage broker’s office in September 2015 and applied for a second mortgage on a home.

Investigators said the mortgage broker was able to find financing, a second mortgage was registered on the home and the woman received approximately $300,000 through her real estate lawyer.

Shortly after the mortgage was registered, police said the real homeowner received the mortgage documents in the mail and immediately contacted their lawyer and police.

They allege the woman used fake identification to impersonate the real homeowner.

Story continues below advertisement