The most expensive purchase you will make in your lifetime is that of a real estate property. As such the purchase, sale or refinance of your home is not a venture to be taken lightly. Our team of real estate lawyers are here to discuss and investigate the important aspects of your property aspirations.
Purchasing a property is an expensive proposition, we want to ensure that the property you purchase is free from legal potholes and traps. It is extremely important that you provide our lawyers your agreement of purchase as soon as possible, as often times such an agreement is signed without consulting a lawyer. If at all possible, book a 30-minute free in person consultation with one of our real estate lawyers prior to signing the agreement of purchase and sale so that we can ensure you are not agreeing to clauses that go against your best interests. If you happen to be purchasing a condo there is a status certificate that must be reviewed to ensure the health of the condo corporation, and for you to understand what you’re getting into. We are here to help, give us a call so that we may ensure your prized purchase is completed in a proper manner.
When selling your home, it is important that you inform you lawyer of the sale as soon as possible. We will have to procure any and all payout statements for your current mortgages, your tax statement to ensure taxes are paid up to date. In addition, we need to communicate with opposing counsel with respect to closing formalities, and conditions of the sale.
When refinancing your home whether it be through a bank or a private lender our lawyers will review the instructions from the lender and ensure that you understand what requirements you must meet in order to complete the refinance. Two things that must be meet regardless of what type of refinance you are undergoing; we must receive a mortgage information statement directly from the institution and an up-to-date statement of your property taxes with proof of the most recent payment.
Our lawyers will review and discuss the title to your property. We will investigate adjacent lands, previous mortgages, previous conveyance of lands, easements and defects to title if any. I addition we will search the writs or judgements that might exist against the party you are buying from. It is important that you know what you are buying and who you are buying from, we will ensure that we take the time to investigate all aspects of the perspective property you are purchasing.
Once we have completed the purchase title will be registered in the land registry system electronically. With Title Fraud at an all-time high it is imperative that there be an insurance policy out there that protects a homebuyer’s rights to their home. Title Insurance is an insurance policy that protects residential or commercial property owners from fraud with respect to ownership. Title Insurance gives the homeowner a peace of mind knowing that if fraud ever occurs against their property, they have a company that will fight said fraud without the worry of hiring expensive lawyers and paying exorbitant fees.
Our real estate team has represented both large and small builders throughout the province of Ontario. If you corporation requires legal representation, we are here to streamline your real estate needs and ensure that no matter how many parcels of land you need dealt with our dedicated team will be up to the task.