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1 Property purchasers: if the property has more than six units, advise your lawyer or notary so the correct form of title insurance policy is obtained. 2 Review the actual policy for full coverage details. The policy may include additional exceptions related to specific issues affecting the property. It may also include additional endorsements.
An owner title insurance policy protects you against the costs involved in issues that can show up after closing a real estate deal or from title fraud. Regrettably, title fraud is no longer a rare crime. FCT, the largest title insurance company in Canada estimates mortgage fraud has cost Canadians over $100 million.
Oct 13, 2022 · It depends on when you get it. If you request a title insurance policy as part of buying your home, it’s actually your lawyer (or notary, in B.C.) who purchases it on your behalf. But, if you didn’t get title insurance when you bought your home, you can always purchase an Existing Homeowner Policy (EHOP) yourself later on.
There are a number of documents which must be created and signed respecting every purchase and sale of real estate in Alberta. Some of the documents are for internal use or are documents that are for the Buyer, Seller and the Lender only. There are, however, documents which must be registered at the Land Title […]
The address listed on title may or may not be the civic address of the property. Therefore, you cannot use a civic address to perform a title search through myLTSA or at the land title office front counters. Civic address can be used to locate a parcel on ParcelMap BC which will then provide the legal description, PID and other information for ...
• If the mortgagee is a corporation, the seal of the corporation is affixed, legible, and the name in the seal is consistent with the name of the corporation. • An individual signing on behalf of a corporate mortgagee without affixing a seal; has signed before a witness and completed an Affidavit Verifying Corporate Signing
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What does title mean in real estate?
What is title insurance & how does it work?
Do I need title insurance if I have more than 6 units?
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What is the difference between title insurance and home insurance?
Is title insurance a home warranty product?
Title insurance is a unique form of insurance. Unlike home insurance where you’re insuring the structure and contents, title insurance protects you against actual loss as a result of challenges to the title and other defects relating to your property, like an incorrect survey or a non-existent permit.
