Fraud Prevention Tips

At Chicago Title we strive to find ways to save time and money in real estate transactions.  We also take pride in our ability to help legal professionals fight the good fight against fraud, serving as a second set of eyes on your transactions.

We are happy to share with you some of our top fraud prevention tips.

Examine photo identification carefully:

  • Know your client. Ensure the date of birth is accurate.
  • Enlarge ID when copying. Check that it matches who is in front of you, including the signature.
  • Question typos in the identification and don’t be afraid to ask questions like the type of car they are driving if presented with a driver’s licence.
  • Ask for a secondary piece of identification or a utility bill which includes the address.
  • Confirm the validity with the Ministry of Transportation if available in your province.

Be careful with corporate borrowers, especially if you have not acted for them before.  Always:

  • Ensure the individuals signing on behalf of the corporation have proper authority.
  • Question any recent corporate filings.
  • Review the minute book.
  • Speak to the borrower’s regular corporate lawyer.

Ask questions about the property and review title.  Look out for properties that are:

  • Vacant
  • Tenanted – are you dealing with the true owner?
  • Have lots of recent activity on title or mortgage free for a long period of time.
Please Be Advised / S'il vous plaît soyez informé

Please be advised that on Monday, May 20th, 2024, our offices will be closed for Victoria Day, our regular business hours will resume on Tuesday, May 21st, 2024.

Veuillez prendre note que nos bureaux seront fermés le lundi 20 mai 2024 pour la fête de la Reine et que nous serons de retour aux heures normales d’opération le mardi 21 mai 2024.

For the Province of Québec:

Please be advised that on Monday, May 20th, 2024, our office will be closed for National Patriots’ Day, our regular business hours will resume on Tuesday, May 21st, 2024.

Veuillez prendre note que notre bureau sera fermé le lundi 20 mai 2024 pour la Journée nationale des patriotes et que nous serons de retour aux heures normales d’opération le mardi 21 mai 2024.

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