commentary by the Ottawa Mens Centre
Ontario needs to take a close look at its financial regulations that make
Mortgage providers are now offering "two mortgages", one to pay out the old mortgage company, and one to make "improvements, renovations, and payments on the first mortgage while the property is improved and sold.
Just one problem, the Mortgage providers deliberately and fraudulently lead the owner to believe TWO mortgages are approved. They provide the first, and of course, don't provide the second mortgage, which of course was going to be a second company, hiding behind the first.
The end is predictable, the company evicts the victim, takes over the home, the victim becomes homeless, without the money to litigate, and the underbelly of the Mortgage business goes on acquiring property after property, relying upon "equity" obtained by fraud.
its all perfectly legal and if it goes to court, Ontario Superior court judges make corrupt decisions for their friends, you see, the underbelly of the Mortgage business, are lawyers.