Marketable Title vs. Marketable Property

Marketable Title vs. Marketable Property

First a legal definition: Marketable title (real estate) is a title that considers to be free from defect. Marketable title does not assume the absolute absence of defect, but rather a title that a prudent, educated buyer in the reasonable course of business would accept. So from the legal world when it comes to property and title, this means the property essentially doesn’t have any current legal issues.  For example: unknown liens, forgeries, boundary or survey disputes, etc. Your real estate lawyer is responsible to review and ensure good, marketable title at closing.  Title insurance is often required or highly encouraged to assist homeowners in the event of an issue later down the...

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The Mortgage-Free Myth

The Mortgage-Free Myth

Planning a Happy Retirement – for young people starting out. The Mortgage-Free Myth All too often people make a major mistake early on in their lives that will sorely affect their retirement years later. They try to pay out their mortgage as fast as they can...
Enjoy #HamOnt this July!

Enjoy #HamOnt this July!

Friends, Here we are in the Dog Days of Summer. From early July to early August, the dog days signal the time when Sirius – the Dog Star – rises at the same time as the sun. With so much going on in so many parts of this glorious city, I thought I’d help keep...
Bank of Canada Update – July 2018

Bank of Canada Update – July 2018

You may have seen that the Bank of Canada raised interest rates this week from 1.25% to 1.50%.  Bank Prime is now 3.70% and lenders will be implementing the change in the coming weeks. Please read this summary of what the bank economists are predicting will happen...
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