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Reply to "Where is Edul Ahmad"

There are several cases of mortgage brokers in Canada  being investigated by the Police for doing fraudulent mortgages, some were sent to jail.

In Ontario brokers have to verify all information, employment, income, down payment and personal I D. the bank would further check all information.

Real Estate agents get greedy,selling a higher priced property to a buyer brings them a bigger commission, some agents wants to do only a couple large deals instead of doing the foot work on several smaller deals that in the end brings in the same money. The problem is when a real Estate agent is also the Mortgage Broker on the same deal, he would be inclined to do under hand business to complete the transaction, it's all about the dollar. Ed Ahmad set up fake businesses, gave out fake job letters, got new immigrants to invest in Ghost Houses, using their names on title and getting loans from different financial institutions, which he paid them peanuts and he took the big haul. He preyed on the uneducated and poor, he went after his own country man, today many are crying, they lost their life saving.

K
Last edited by kp
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