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Be wary of granting Power of Attorney or other real estate scams

By Robert Hof

A warning from Mark Weisleder – The Toronto Star

The elderly or infirm are often the targets of con artists, who seek to take advantage of the situation for their own benefit. If the scam is not found out in time, these victims can in many cases lose their life savings.

Please see the attached case, where a scheme was discovered in time and the victim was protected against an illegal contract that they signed. It also confirms that you cannot trade in real estate without a licence.

Click here to read the article:

http://www.thestar.com/business/personal_finance/2013/05/03/

giving_power_of_attorney_to_friend_a_cautionary_real_estate_tale.html

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