Ontario minister says help is on the way for homeowners stuck with 'fraudulent' liens

Todd McCarthy Ontario's Minister of Public and Business Service Delivery attends Question Period at the Ontario Legislature in Toronto, Tuesday, Nov. 28, 2023. THE CANADIAN PRESS/Chris Young

The Ontario government is promising legislation that could save a lot of homeowners thousands of dollars by cancelling questionable liens that were quietly slapped on their properties.Public Service Delivery Minister Todd McCarthy plans to introduce legislation to retroactively ban notices of security interest.

The investigation found that liens had been applied to their properties —they say without their understanding or knowledge — after they were signed up for equipment rental contracts and, ultimately, took on mortgages with interest rates of up to 25 per cent. McCarthy said while NOSIs can have a legitimate purpose, land registry offices can't distinguish between legitimate and criminal use.

A one-year mortgage had been registered on Hoffmann's property for $130,000 with 25 per cent interest.

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