After an investigation by West Yorkshire Police, Malcolm Leslie Forsyth from Huddersfield was found to have profited by £465,554 from his crimes and will face a further four years in jail if he does not surrender the properties within three months.
Forsyth claimed one of the properties was owned by his uncle, but in fact both were owned under false identities.
He was convicted in November 2016 of 15 fraud offences by creating false identities to get mortgages, open bank accounts and claim benefits.
Compensation orders were granted at Leeds Crown Court earlier this week, meaning that a proportion of the £315,000 will be used to compensate the victims in this case.
Forsyth contested the hearing and West Yorkshire Police said he had tried to block their investigations.
‘Unpick his lies’
Ramona Senior, head of the economic crime unit and north east regional asset recovery team, said: “At every stage, Forsyth has tried to hamper our enquiries but thanks to the thorough investigation carried out by the team we have been able to unpick his lies and ensure that he is made to pay for his crimes.
“The available assets consists of two properties, which were both owned under false identities.
“The uncle was ordered to attend court to provide evidence to support this. His Honour Judge Batiste found he has mislead the court and rejected his evidence in its entirety.”