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Mortgage Broker News | 11 Apr 2018, 01:22 AM Agree 0
Toronto lawyer David Franklin says that the government office has avoided fulfilling its real responsibilities to the public
  • some1 | 11 Apr 2018, 03:31 PM Agree 0
    Moral of the story is never invest with a Mortgage Agent or builder you don't know or trust. If someone wants to invest in private mortgages and earn a decent yield there are other ways to go about it than participating in a syndication deal for an unknown builder. As a lender we routinely get smaller builders reaching out for financing and they almost never have any of their own skin in the game.
    • Mortgage Lender #1 | 12 Apr 2018, 12:22 PM Agree 0
      Except for the fact that the agent involved was a personal friend and trusted member of their community.

      There is no way around fraud except to do your own personal due diligence when agreeing to invest in anything. Find out about the principles involved. What is their track record? Take time to review their successful projects and financial details.

      And above all.. If something seems to go to be true.. It likely is or else everyone and their dogs would be throwing money at it.
  • | 15 Apr 2018, 08:47 AM Agree 0
    FSCO Is Fiasco! No help, just an organization to protect big financial banks and insurance companies not the public!
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