Residential & Commercial Closings
Real Estate and New Environmental Laws
Passed on May 14, 2009, the Green Energy and Green Economy Act (“GEGEA”) and the enacted Green Energy Act (“Green Energy Act”) have as their main...
The Duty to Disclose Property Defects
This question often comes up with clients: Are we required to disclose latent defects in the property we are selling?A latent defect is a defect that...
REAL ESTATE: Depending on the age and type of property, the following off title searches may be necessary!
Occupancy permits: For a newly built or renovated dwelling or an extension or addition thereto, it is necessary to find out whether or not the local...
REAL ESTATE: The necessary off title searches when buying a property!
There are other searches besides a title search, that are necessary to assure title and enhance the marketability of a property. The purpose of these searches...
REAL ESTATE OPTIONS: Is an Option to purchase property marketable on the MLS?
An Option to purchase luxurious real estate is a contract between two parties giving the purchaser the exclusive right (without the obligation) to buy the property....
ASSIGNMENTS: Assigning your lease, rights in a partnership or intellectual property
Just like any other contractual right, real estate property rights can also be assigned. But, there are special duties and liabilities attaching to transfers of the right...
TYPICAL IDENTITY FRAUD SCHEMES AND THEIR RED FLAGS
Identity fraud is inseparable from identity theft because without the second the first can not be perpetrated. Generally, the purpose of it is illegal financial gain,...
TYPICAL MORTGAGE FRAUD SCHEMES AND THEIR RED FLAGS
According to industry estimates, losses from mortgage fraud in Canada range into the hundreds of millions of dollars annually. Some criminal groups are each responsible for...
TYPICAL REAL ESTATE FRAUD SCHEMES AND THEIR RED FLAGS
Describing real estate fraud means visiting a dark place where suspicious characters roam around, unlawful acts are committed brazenly, and you do not know who you...
MORTGAGE DEFAULT: Power of Sale or Foreclosure?
Although generally the real estate market in Ontario has been robust, the frenzied market of the past has caused an increase in mortgage defaults as a...
