4. Scams & Predatory Practices

Keeping it Real

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Uncover the latest real estate buzz on the 'Keeping it Real' podcast with Jacquie McCarnan! In this episode, dive deep into scams and predatory practices in the real estate industry, including shocking cases of title fraud and the infamous shadow flipping. Jacquie breaks down how scammers operate and offers crucial tips to protect yourself, emphasizing the importance of title insurance and cautious information sharing.

Beware of identity theft tactics and fraudulent phone calls! Jacquie shares real-life stories, urging you to stay vigilant. Learn about the rise of shadow flipping in Vancouver and how unsuspecting homeowners can fall victim to undervalued deals. Discover the regulatory changes and tax implications that impact short-term property ownership.

Tune in now and stay informed about the Vancouver and area market. Your home deserves the best protection!

What was covered:

00:28 Disclaimer about personal research and opinions.

00:50 Main topic: scams in the real estate industry.

01:10 Title fraud case in Ontario; vulnerability due to identity theft.

02:26 Explanation of title fraud and advice on title insurance.

03:33 Unauthorized access to a lawyer's key code leading to title transfer.

05:58 Reporting on title fraud scams in Toronto linked to organized crime.

06:43 Caution against identity fraud; a personal story about a phone scam.

09:01 Shadow flipping explained: predatory real estate practices.

16:12 Promotion of "Bear Refillery" and discussion on environmentally conscious practices.

18:20 Recommendation for Fargo series, Season 5.

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