A client wants to refinance their unencumbered property in Montreal, claiming that they need funds for an urgent business opportunity. They are pressuring the mortgage agent to expedite the process and appear agitated when asked for standard documentation. The client recently inherited the property and their identity documents show a different address than the property being mortgaged. What type of fraud should the agent be particularly vigilant about?

Question: A client wants to refinance their unencumbered property in Montreal, claiming that they need funds for an urgent business opportunity. They are pressuring the mortgage agent to expedite the process and appear agitated when asked for standard documentation. The client recently inherited the property and their identity documents show a different address than the property being mortgaged. What type of fraud should the agent be particularly vigilant about?

Answer options: ✅ Title Fraud

• Income Document Fraud
• Straw Buyer Fraud
• Occupancy Fraud

Correct answer: Title Fraud

Explanation: Pressure for speed, an unencumbered property, and a differing address on identity documents from the property address are significant red flags for title fraud, where an imposter attempts to mortgage a property they do not legitimately own.