Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

What is deed theft and how does it actually happen?

Deed theft happens when someone assembles enough of a homeowner's personal information, from a mailbox, an obituary or a data breach, to impersonate them and attempt to register a fraudulent title transfer. In Saskatchewan that attempt has to get past a lawyer's identity check before Information Services Corporation will register it, which is where most schemes fail.

The mechanics usually start away from the property itself: a fraudster builds a fake identity package using information gathered from public records, social media or a stolen document, then approaches a lawyer's office claiming to be the owner or claiming to hold a power of attorney for them.

Where it breaks down is the in-person, photo-ID verification a lawyer is required to perform before a transfer is registered, a harder barrier to fake than a mailed signature on a paper deed, and it is one reason the legal fees on a Saskatchewan closing, typically $800 to $1,500, buy real protection rather than just paperwork.

The properties that make it furthest through the process tend to be the ones where no one, neither the real owner nor a lawyer familiar with them, is present to say the person at the desk is not who they claim to be. Get your hand-reviewed valuation from Joel Dyck.

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