How this mortgage scam is putting seniors at risk of losing their homes (Marketplace)

[@vicgamesvt9682]

The police should make a big example out of these fraudsters by charging heavy fines and jail time

[@MEGIDIOT]

Not in ✨Canada✨ 🇨🇦

[@alitaghavitehrani427]

Only decent people get punished in Canada.

[@decadence8473]

The police do not charge anything, it's not their job.

[@sirpaddlesworthiii5933]

nah keep voting trudopia, criminal just needs a cuddle and love 🥺

[@Jackman8594]

Police have nothing to do with fines or jail time. That's the judge and justice system that needs to change

[@Jaggigee]

How can someone target seniors and disabled , they should all be given a punishment that they will remember all their life. Shame and such a disgrace on man kind . Thanks market place

[@pjk1714]

Life in prison is a good start

[@jadepaulsen8456]

It's a lein. A tale as old as time.

[@jadepaulsen8456]

@@mikew.to1 thank you for clearing that up for me. I spoke in ignorance.

[@yourmomsbf878]

simple they are asian, so they are morally skewed.

[@jessikapiche6097]

They should have their life, revoked.

[@felle7522]

These scammers should be punished severely. It is so inhumane to target our vulnerable populations.

[@abma0482]

These people were forced to pay 25% interest rate....catch the lawyer and mortgage broker and jail them forever. These guys are criminals.

[@Globaler]

They also forget the document. This is a crime. No one would sign a 25% mortgage.

[@luciouspontorro3741]

This is one of the few times the government needs to step in and void any and all of the contracts in these scams. Banks and other other companies involved should have no ability to stop the governments intervention. Our top national security agencies should be used to identify, track, and convict all those involved.

[@muhammadbabar86]

But these people pay bribes in advance before scamming people that they will not be touched.

[@glennbeadshaw727]

You're absolutely right and this is the tip of the iceberg there are many private predatory lending organizations

[@InevitableTruthTeller]

They'll never do that to a organization that is largely from one ethnic group, unless that group is British or German.

[@robertdobie8680]

Yes, absolutely!

[@robertdobie8680]

After all, isn’t it just a form of theft?

[@MEGIDIOT]

RULE #1 OF LIFE: NEVER OPEN THE DOOR TO ANYONE YOU’RE NOT EXPECTING. EVER.

[@mg79277]

Yes to both comments. It’s terribly sad it’s come to this.

[@TheSuperi9]

also stand your ground. if threaten you threaten back. get off my property or youll get shot.

[@nonsensechannel182]

@megidiot Tell that to the guy who opened the door for Darrell Brooks 😂

[@cliffm8112]

Hell I don't even answer my phone if you're not in my contacts,

[@sola4393]

@@cliffm8112 lol I was going to say that too. I just let it ring, don't even touch it, otherwise they know that phone number has someone on the other side.

[@dodongsiger788]

These scammers must be put in jail without parole!

[@clotshotthot5750]

Fire squad

[@kranthikumarmuppasani]

Absolutely pathetic using seniors into these kinds of financial frauds. Need strict laws and jail times for those doing it.

[@scaerverie]

Honestly bro. I'd be really happy if CBC started to name these scammers.

[@CoolTies]

CBC Marketplace creating awareness and motivating change for problems affecting all of us in Canada. Thank you!

[@Farooq1977]

Are we living in Canada? How could this be happening and no serious action is being taken against these fraudsters???????

[@pamelayaky668]

I'm still shaking. I hope they will catch them all.

[@yourmomsbf878]

you won't like it but they don't say anything in the media because, asians are well protected.

[@JJJJ-gl2uf]

Given that there appear to be so many scams and so few scammers being caught and jailed, it looks like our country isn't taking this problem seriously enough. That needs to change.

[@ashleyconnor8891]

No consequences

[@SueMaha21]

Thank you Marketplace for making us all aware of the dangers we all face. I hope these criminals are caught and put away for life.

[@wethenorth269]

How is this legal? Whoever the "lender" is, they should be investigated immediately for fraud and have their lending licenses revoked. Whoever the CEO is, he or she need to be prosecuted to the full extent of the law.

[@ktefccre]

😢😢 We should form an agreement with North Korea. Scammers should be arrested and sent to North Korea labour camps.

[@jugjivan]

Centum mortgages branch owner Ranjit Dhillon and lawyer Anant Jain should be ashamed of themselves.

[@mathewscott9453]

Those sound like some really Canadian names too, why are we letting scammers into our country?

[@grandadmiral3181]

​@@mathewscott9453 Canadian? How those names feels Canadian ? it is more of Indian

[@shirjeel20]

@@grandadmiral3181 The sarcasm is lost on you

[@grandadmiral3181]

@@shirjeel20 sorry no inglish

[@johncam8420]

@@mathewscott9453 those names are brampton, not indian.

[@BarbieRocks8888]

The same thing happened to my mentally ill vulnerable sister she had 4 mortgages she wasn’t aware if….she was preyed upon…honest journalism!

[@Leahhli__]

This is completely inhumane to take advantage of seniors like this!! The police needs to get to the bottom of this and arrest these scumbags!!

[@edmturk1971]

Put the scammer to jail for life.

[@dittohead7044]

And seize all their assets. Money talks

[@ChristianJG]

And deported them back to where they came from

[@maxpayne7419]

There is a special place in hell for the criminal who are stealing from these poor elderly people

[@Dustandfuzz]

Carl shouldn’t have to pay one cent and should even be paid for the stress he has gone through. Scammers are despicable. Older seniors are from an era when people were a lot nicer and they don’t expect to be cheated. Scammers have no scruples, they have no heart. You can’t trust anyone these days.

[@shadownixtucker1568]

can't believe this is the world we live in. and even big companies scam too, i got scammed twice by phone a company when i lived in Canada for 2 years. couldn't believe it. Thank you Marketplace for what you do

[@pierre3753]

It's not the world we live in. It's the country we live in

[@tirasuchorab9381]

Oh my dear Lord. As a retired mortgage advisor of over 20 years I am just appalled livid upon these fraudsters to take advantage and my compassionate tears goes out with prayers and justice for these home owners 🙏🕯️

[@bobinabuddy]

My elderly father put his house in both our names (only child) so any mortgage registered would be sent to both owners….just saying it’s a safe guard and crooks like this could not get away with this 💩

[@pickledragonrebel]

Do you own your own home? The reason I ask is if you do, that would put you as partial owner of a second property and therefore are subjected to extra taxes. (I think so anyway). Thst s the only reason we haven't done this already. My mom and I were just talking about this the other day.

[@Mr.Quinlan888]

I'm not Canadian, but I'd be going to the scammers' homes and confronting them personally, especially the lawyers.

[@dennisdragomir7572]

good luck in finding them.. If you do, you need good friends in legal..

[@hermanrogers1325]

Never let anyone work on your house until they produce a contract of what they are going to do and the cost and have your own money or financing in place to do the job and never talk to strangers who show up at your door

[@Matthewrules28282929]

Why am I not surprised about the Brampton connection😂

[@Jaggigee]

I am ashamed to be an Indian 😢

[@wondergee]

@@Jaggigee you guys are getting bad vibes in Canada

[@randy6167]

the people whom are known for call centres scams targeting seniors

[@Jaggigee]

USA gets all quality immigration from India PhD , masters , doctors .. Canada gets the left over , sorry but true

[@dittohead7044]

@@Jaggigee I don’t think you should be ashamed. Maybe you can do something about it to help redeem the image. You need to fight these people publicly

[@santaclosed5062]

Kudos for this example of genuinely good journalism! Housing should be a very basic right for people above all for the climate condition we have in Canada. If this is not possible, at least we have to protect people form this kind of fraudsters in usury who exploit legal loopholes to extort money from vulnerabilities of people.

[@meowmiaumiauw]

Wait, aren't contracts signed under false pretences or under duress automatically null and void? Why would these people be on the hook for these bills when what really happened was people broke in, vandalised the home, then left a pretend bill as part of a scam? How is it possible for a lien to be taken out against a home over a fraudulent charge the homeowner doesn't know anything about? Wouldn't that mean I can just take liens out on Trudeau or Ford's home and they'd actually have to pay?

[@meowmiaumiauw]

@@mikew.to1 So if I write someone else's signature onto a contract they've never once seen, a court will uphold the conditions of that contract because the other person can't prove they didn't read then sign it??? Brb, signing Trudeau up for a mortgage

[@katierose1893]

You're assuming Canada actually protects its citizens and doesn't allow for bureaucratic loopholes like this to exist.

[@havipreetsingh7085]

The lawyers should be disbarred for their participation in an obvious criminal enterprise and likewise the mortgage companies should lose their license to practice. The victims should band together and sue for restitution to claw back any money paid. I'm sure almost none of these signed contracts would be legally upheld if they were challenged.

[@frankvonfrauner]

I'm sure the lawyer sat them down and said it was a bad mortgage and they shouldn't sign it, then pushed the paper in front of their face with the "Sign here" tab next to it.

[@havipreetsingh7085]

@@frankvonfrauner Several of the people in this segment are legally incapable of even signing contracts like these due to their mental state. They'd be voided if challenged. This sort of lender risk is why no intelligent mortgage company would ever partner with a criminal enterprise to lend money like this.

[@dennisdragomir7572]

I think you may find it wasn't really them that went to law school, simply a similar looking relative.

[@Luluu205]

So many sick scammer’s preying on the innocent these days and they come in so many ways. I’m so glad we have this type of investigators looking into these situations. Thank you! I hope the victims find peace.

[@JMian]

Such low life scammers😢😢😢. I am disgusted.

[@mrf2091]

Please help them by all means! Put those crooks to jail!

[@sunnychoi5393]

I am so sorry for the victims and it is so painful situation.

[@weareallgodschildrenlovefr9556]

The Governments should protect all of us by having tougher regulations especially involving elderly. They should shut down these small shady mortgage companies, disbarred unscrupulous lawyers and jail the scammers! The white collar crime punishment is laughable! 😡😡😡👎👎👎

[@Munsad1919]

What and which Government you talking about????????/ Banana Republic ????

[@weareallgodschildrenlovefr9556]

@@mikew.to1 You are correct because you are still healthy enough to think logically but wait until you are old then people will take advantage of you. These people may include members of your family or friends. 🙏🙏🙏

[@Arielle1309]

These criminal scam businesses need to be shut down immediately. And never allow those criminals to open another one EVER. And these people should be prosecuted in a court of law. The families of these older people need to get Power of Attorney over them. They're vulnerable and should be protected

[@dashcan8479]

NO FN WAY. NO WAY. KICKED OUT OF CANADA. NO TAXES GOING ANY FURTHER TO THEIR CRIMES.

[@gacem.hassina]

Les aînés et les enfants sont la victime facile , c’est triste et malheureux de voir qu’il y’a des gens aussi cruels et lâches dans le monde …. C’est juste triste .

[@irishpmntl7692]

Please help them… 🙏

[@lecutter9382]

Anyone fleecing anyone - seniors especially - with any sort of scam should get an automatic 20 years in prison with hard labor and no possibility of parole. That put and end to it all PDQ.

[@pafcaf]

Rules to live by: 1, do not answer the door. 2, do not answer the phone. 3, do not be polite to strangers. I'm gonna be the meanest old lady you ever met. GET OFF MY LAWN!!!

[@s4p3r4]

I am looking forward to a follow up of this investigation. The municipal, provincial, and federal governments should collectively look out for the interests of our seniors. The homes that have been snatched away should be returned back to their rightful owners along with a substantial compensation. Unfortunately, I see an outcome where the criminals will walk away without significant penalties.

[@BOZKESH]

Our officials are too busy pushing their woke agenda

[@jenkins5265]

The problem is they signed the document and contract law is very strong in Canada. The lawyer involved in this def needs to go to jail. Same with banks. How do you approve paperwork if the person isn’t physically there! Where’s the ID identification process?

[@yourmomsbf878]

It's impossble when judge and jury are the same people who did it in the first place. They are all Chinese/Indian scammers, they bribe the media and judges, and then send $ back home. What a wonderful country.

[@kayngiggon8618]

The punishment they may receive is very minimal when compare with what they got. The risk is being catch is so low compare with the money the earn. Sometimes I think the law and judge is helping them too.

[@yourmomsbf878]

They are, It's Canada, it's not some coincidence that they get away with everything and it takes the media ages to catch up. Even once they are publicly shamed, they don't give out any details but I bet the first detail is, that they are either Chinese or Middle eastern

[@grml123]

I think CBC is not going far enough. The real question is, what law(s) need to be put in place to quickly strike down scams like that

[@yvi1867]

The question is how this scammers get that information that these people are easy target and own a house ? Someone who has this information is helping them to get to them.they are not knocking doors and they find a victim , it got to have some social worker or someone that knew their condition. Hope they get to the bottom of this , it is unacceptable that people loose their house that easy !

[@mj24672]

Could also be someone hired by public health who looks in on these folks on a weekly basis.

[@williamhuang6200]

how are these even legally binding

[@TyneilMcNally]

I hope they find how did this and all of them go to jail for the life this so sad.

[@frankvonfrauner]

Go to jail for what? They offered a contract to a person, and the person signed it. They know who did it, the paperwork is legal. The victims went to the lawyer of their own free will, signed mortgage documents that had all this information on them. When you try to tell some of these people that they're being scammed, the get belligerent and double down on it. They decide you're the problem and they trust the scammer. If you want to stop things like this from happening, you need to make it easier to take away signing power from incompetent people, and it's pretty obvious what would happen if you did that.

[@anthony.m.morgan]

it's not a scam if it is legal, unfortunately Canadian law cant keep up with the new scams and this is all legal. so long story short don't be scammed and educate yourself.

[@richardsttati317]

Educate yourself… hope you will stay in good health all the way of your life … but think of those elderly people chronically disabled and mentally unable to understand … ( results of stroke or …)

[@MichaelCurryMortgage]

Having people enter into a mortgage agreement unwittingly is illegal. There also seems to not have been proper independent legal advice given - also illegal. The home upgrades are in a grey area of fraud, unfortunately, and more of a civil matter.

[@anthony.m.morgan]

@@MichaelCurryMortgage well then, no one should be in fear of losing their home in this case. since the mortgage was illegally transferred over there should be no issue and it should not have been able to be done in the first place. please explain further if I am mistaken.

[@MichaelCurryMortgage]

@@anthony.m.morgan Unfortunately, the onus may be on the homeowners to prove it and fight it in court. The police investigation may not conclude quickly enough to be helpful. A sad situation for the victims for sure.

[@snowwhite2709]

These people involved had no knowledge they were signing up for a mortgage, they thought they were getting upgrades and renovations. They were duped, scammed etc, into signing paperwork that they were unclear on.

[@shahilanathan8067]

Sounds similar to what Kurt Browning advertises … reverse mortgages. You may think you’ll never fall prey to this, but you never know. We should protect the vulnerable members of our community - may be us one day.

[@DC-rd6oq]

This is not the same as a reverse mortgage. I do not know who Kurt Browning is or what he advertises, so maybe he is advertising a scan, I have no idea. But a real reverse mortgage from a reputable mortgage company is not a scam.

[@DC-rd6oq]

@@mikew.to1 A reverse mortgage isn't much different than a home equity loan except you don't make monthly payments. Because no payments are made, interest compounds, just like unpaid credit cards. So you have to be aware of how the principal balance increases. You also have to know what the other restrictions are, such as continuing to live in the home, etc. It can be a great way to get equity out of a home without having to sell your house as long as you are aware of what the restrictions are and how quickly the balance escalates.

[@kirstenspencer3630]

This happens in the states, from walk in tubs ( way overpriced ) to carpets ( just sign here ). Surprisingly common and under reported. Thanks for this story, folks talk to you older relative's and have them call you before they sign anything.

[@kirstenspencer3630]

I forgot to add, many times " sales person " may pose as government officials in some capacity.

[@JAGDEEPsingh-vi3xi]

True journalism CBC you are a hero and I hope the fraudsters get caught

[@bobinabuddy]

Would it have helped if the property was in both the mom’s and daughter’s name….so sad to hear this story

[@lisahope4582]

THANKYOU MARKETPLACE...this is absolutely disgusting, and all involved should go to jail. These poor people😢

[@HelTra91]

One call to that guy and it already sounds like a scam

[@katelaloba8243]

What vile soulless creatures scam people, especially the vulnerable!

[@mccalejk2]

I like how they blocked out the license plate and pops back in at 15:40

[@Velvetrose737]

Why can’t they take theses people to court, or how can they legally have them lose their homes? When it’s not legit to begin with ? Wth

[@zaeem9601]

Another scam? Well, I know we're going to Brampton for this one.

[@brendamcdonall5798]

I never, ever open my door to anyone I don't know well.

[@clearsight655]

Great job exposing scammers. But please explain the scam clearly. I watched the whole video waiting for details of how it works.

[@AndiAndrea]

Holy hell. I *NEVER* sign anything without having a lawyer read it first.

[@pureahabah]

Definitely. Unfortunately, many of these seniors live alone and may not have the same level of awareness/mental capacity. Hopefully everyone involved in this scam are charged.

[@thegreatnormad3424]

Waaw, that's the most dangerous thieves with offices 🏢. There should be laws about these criminals

[@bpowder00]

We all know who's behind these kinda scams.

[@abdulrahmana2216]

The owner was an Indian man let's say it bro fr

[@Jason-un9ps]

The craziest thing, is these people basically give the scammers a pass. If someone did this to MY parents, especially for half a fkn million dollars, either the court is going to to handle it, or I am, PERIOD.

[@Jacko10383]

Thumbs up if you knew the scammers were from Brampton

[@andrerogers9961]

Never deal with a mortgage broker that parks a boat in front of the office door. Some things are instinctive.

[@burntearth85]

That's the best part of my grandma being in a home, none of these guys to worry about

[@njoro414]

C'mon these vultures should be prosecuted.

[@markcraven8386]

CBC should drop in on the department assessing the value of the homes. I didn't see a home in this video worth five hundred thousand dollars.

[@nottypotvin9812]

Make a law that requires lenders to independently contact the homeowners and verify that the mortgage is what they wanted. Give the homeowner time to consult with his/her representative. If the mortgage is being obtained under false pretenses, then no mortgage.

[@JeffCahill-tp8ik]

This is a good example of why you should get your elder parents to give you Power of Attorney if they are vulnerable. In fact, before they reach that stage. On a side note, Greg Weedon is also my lawyer and he is fantastic. His clients are in great hands and I have no doubt he'll get them justice, as he did for me.

[@nickyb7266]

I hope your investigation into these issues makes some sort of impact and change! Thank you for your insightful videos! 😊

[@nelsond5361]

These are the little things that should be thought in school. What to do before Renting or purchasing a home, Financial literacy etc

[@sharonburton9663]

What kind of ppl hurt others in this way? Sad sickening 💔 society is hell

[@truesonic341]

Elder abuse. These people need to stop

[@shelleysheaves5416]

Why on earth should they even have to pay at all? It was clearly fraud, these poor people were clearly misled, and whatever documents they were coerced in to signing need to be thrown out immediately! Unbelievable!

[@joe-vl3nd]

This happens in the UK /US to Capital punishment for the Scammers Next story,👎🏴󠁧󠁢󠁥󠁮󠁧󠁿

[@yorkshireway150]

When I saw substandard renos and jugaads, I knew who they are. Honestly feel govt should revoke citizenship and deport scamsters.

[@rebeccahenderson7761]

Wow, I say prison time for all involved in this rip-off scheme.

[@rebeccahenderson7761]

@@mikew.to1 Well, that was quite a long response. In the world of law, yes a contract is a contract - but only up to the point of a scam, lies/fraud and abuse/usery. A Judge will strike down those contracts.

[@argeldelacruz9545]

That's crazy they just de valuing your home and taking your money.

[@gregsteed870]

This is infuriating...

[@allthingsnu4673]

As far as I'm concerned, scammers should be right at the top of the list with murderers when it comes to prosecution - they might be even more heartless than murderers, IMO. And, yes, it is very important that we check in regularly with our elderly/disabled loved ones and ask questions about phone calls/mail/visits they've been getting.

[@TomsLife9]

this is a stark reminder to anyone with aging relatives to talk to them early on about granting things like power of attorney, healthcare proxy, last will executors, etc., which will give additional power to family members (or designated parties) to make decisions as their health declines

[@Globaler]

Don't sign papers you don't understand. This could have been a murder confession.

[@lindaripp5902]

So sad.

[@moonembracethesun1061]

It make me sick to see how these people can do such thing to another human being. By ripping them off of their savings .

[@ourcolonel1685]

The Securities and Exchange Commission needs to revoke their business licence and seize all bank accounts. This is fraud and is not legal in Canada. Explain that to them.

[@burntearth85]

*SEA

[@oneofeverything9820]

Ahh, this brings me to tears. These poor people, they had no idea.

[@Mrsusanchi]

Thank for Making places ❤

[@hellopinkham]

What is up with the piano? I’m loving it. Seen almost every KZbin episode of this series. Never heard it this prominent

[@sarahchan420]

WAAAAAY TOOOOO MUUUCH BLOODY SOUND EFFECTS IN THE BACKGROUND!!!!!!! COULDN'T WATCH IT!!!

[@wendygliddon3350]

Those contracts should be null and void, period.

[@SmittinKitten]

How utterly disgusting to prey on people that do not understand. I hope they cancel these mortgages and revoke their broker and lawyer licenses. They also need to be charged with fraud.

[@meowsha]

Unconscionable conduct.

[@simonkennedy2700]

Market place you are doing a great job. That’s a hell of a lot more than say about the government.

[@clairewillow6475]

Centum mortgage smart better lose in court! A lawyer should find all the victims and make a class action lawsuit. We need an Erin Brockovich on this case.

[@darlenewesley7299]

I thought it was illegal for door to door selling of anything like that? Why is the government allowing this?

[@charmainemorales3799]

Sad!

[@maxtorque5329]

Absolutely disgusting. They're preying on old psychologically vulnerable people

[@latisha334]

A mortgage at 25% interest makes me feel bad about complaining about the 9.5% on my car loan.

[@1mw4tch1ng]

the Laws should work with seniors who got scammed by them and charge filed on the scammers/fraud.

[@MHKing03]

If someone you don't know approaches you out of the blue, especially at your home, with a smile on their face, you know they want something from you that you probably shouldn't give them.

[@dennisdragomir7572]

Invite them in, and call your grandson and his friends to hear the pitch.. They will know what to do

[@ShashVimi]

These scammers should be ashamed of themselves. The justice system to be blamed . This kinda scam in Canada will continue to the elderly and vulnerable.