Joint ownership - protect from fraud

[Kashif9999]

Hi,

I have been forced into buying a property with another person because I wasn't able to secure mortgage by myself. The lawyer involved isn't too trustworthy either. I know, major red flags. The other person is in a position to fake my identity easily.

Could I please know how best I can make sure no fraud happens.

Also, is there a way I can find out if the other person tries to take out a loan/mortgage using our property as leverage to get loan approved. Thank you.

Hope my question makes sense.

Regards,
John

 

[nmb]

This scenario begs the question why you would want to deal with people who you are suspicious of?

I assume that the deeds are in joint names? If you are really afraid of ID fraud you will need to speak to a "better" lawyer and see what they advise. This has disaster waiting to happen written all over it.

 

[Longterminvestor]

Investments can be stressful enough without wondering if/when you will be defrauded by your investment partner. You said it - red flags, stay away.