Mortgage agent gets 10% commission 6 `- `5 y# I6 r9 ~' yAccording 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."& v0 o! h/ P4 E% w! ^6 Y http://www.cbc.ca/news/canada/to ... -mortages-1.4078124. [, q. D6 q9 p0 |
12% Interest. Too good to be true. 3 C6 g0 V. q: ^* h _0 Y' b" I+ s2 z0 f. Q6 F
However, Canadian legal system is so flawed that it allows these things to happen everyday. " E; K" b' d* h; b- m# c' b& m6 z8 E2 B
I know some people who lost all their investments. ! N" a, D, R( I3 G! @
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Where does the money go? . N& r2 W* ~8 V- `# V1 D