Mortgage agent gets 10% commission, K L4 ?$ d+ X9 l/ D: y" C
According to the contracts that investors signed, Ha received 10 per cent of the funds for each syndicated mortgage he solicited for "mortgage orientation, referral, management and consulting fees." 1 i S! z+ ~/ D9 D1 qhttp://www.cbc.ca/news/canada/to ... -mortages-1.4078124" W: _/ Q4 |/ r B+ D- [+ U
12% Interest. Too good to be true. 4 ^1 q# Q& d) i! K0 J3 N2 U y1 K" B+ Z1 F2 l! EHowever, Canadian legal system is so flawed that it allows these things to happen everyday. h# }, Y; j, L# ]$ o; _4 D
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I know some people who lost all their investments. 9 V+ }% J$ W( V3 c$ J+ D2 o
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Where does the money go? % P" @7 A$ i9 W0 z* i7 A, y