First Canadian Title (Services de Titres FCT)

First Canadian Title (Services de Titres FCT)

February 10, 2005 09:30 ET

Imagine having your house stolen out from under you

Experts estimate title fraud to be at least $300 million in Canada Attention: Assignment Editor, Business/Financial Editor, City Editor OAKVILLE, ONTARIO--(CCNMatthews - Feb. 10, 2005) - February is Fraud Month in Canada and while many of us are increasingly aware of the dangers associated with credit card fraud, few of us are aware of the possibility of fraud against the single largest purchase we are ever likely to make - a home.

"While it may seem unlikely to some that a thief could steal the house out from under you, real estate title fraud is much more common in Canada today - whether you are a new homebuyer or an existing homeowner," explains Susan Leslie, Vice President, First Canadian Title. "For those victims who do not manage to stop the theft, or don't have title insurance, the effects can be devastating and the legal fees can reach into the tens of thousands of dollars."

The Canadian Institute of Mortgage Broker and Lenders estimates mortgage fraud in Canada at approximately $300 million per year.

Susan Leslie is available for interviews to discuss how fraudsters go about stealing your home from under you - and what Canadians can do to protect themselves against title fraud.

About First Canadian Title
First Canadian Title is Canada's leading provider of title insurance, also offering residential refinancing and purchase programs for lenders. Founded in 1991 and based in Oakville, Ontario, First Canadian Title employs approximately 500 people from coast to coast. Its customers include more than 11,000 lawyers and notaries nationwide, every major Canadian chartered bank, other lending institutions, real estate agents, mortgage brokers and builders. First Canadian Title is the registered business name in Canada of First American Title Insurance Company. Document processing and related services are provided by First Canadian Title Company Limited. Title insurance policies are issued and underwritten by First American Title Insurance Company. For more information about First Canadian Title, please visit www.firstcanadiantitle.com.

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For more information please contact:
David Doze
Pilot PMR
416-462-0199 ext. 25
david@pilotpmr.com

Mary De Sousa
Senior Manager, Marketing and Communications
First Canadian Title
1-800-307-0370 ext. 3092
mdesousa@firstcdn.com
IN: FINANCE

Contact Information

  • David Doze, Pilot PMR
    Primary Phone: 416-462-0199 ext. 25
    Secondary Phone: 416-779-5560
    E-mail: david@pilotpmr.com