hilda wrote:Eric can you clarify how you got scammed by this DJ or whatever he calls himself. You transferred the title and your wife got alarmed that his name seemed to be different from the one he used, but he didn't actually take any deposit or anything from you. I am confused. I am hearing from your post that you decided to back out after the call from Land Titles, but if this guy never got any money from the house, how were you scammed? I don't understand if he is doing this kind of thing, why don't they just use the evidence to arrest him? Surely somebody who gave him money could step forward and he would be charged. Why aren't the police doing anything??
With regards to any future action against Johnson and associates, either criminal or civil, this is not the appropriate place to discuss it. In my own instance, I realized (with the aid of my wife) that it was a scam, and except for legal bills which I will explain below, Johnson himself never got any money out of me. I shall summarize the scam again, and the full scam is actually in two parts.
In the first stage Johnson approaches a homeowner facing foreclosure and offers to buy the house from him and also pay off the outstanding mortgage. In return the homeowner gets to stay in the house as a tenant, paying Johnson/associates a rent, and also the homeowner has first right of refusal to buy the house back after a period. Only thing illegal at this point is that Johnson et al are not licenced to perform this type of transaction (civil matter). As soon as the purchase agreement is signed, Johnson then transfers title, never pays the selling price, does not pay off the outstanding mortgage, and meanwhile is going to be receiving rent from the unsuspecting new tenant. Basicly the former homeowner is paying Johnson for the privilege of staying in a house that Johnson got for free.
In the second stage of the scam, which is the real money maker, a "realtor", in this case Manji, then sells the house to an investor who's looking for an easy buy, the house allready has good tenants, etc. A deposit is accepted, in one case (not my own) it was 40K$, and then once the new buyer realizes that Johnson really doesn't have clear title, and wants to walk away from the deal, the deposit is never returned.
In my own case, Johnson only got as far as the land title transfer before I started legal proceedings to return title to my own name, as in the same day. One seller's caveat filing and two lawsuits later, and I finally got the house back. That all being said, roughly 3 weeks ago I used family funds to satisfy the original mortgage and my legal bills so not only is the house mine, I no longer have a mortgage.