What is Title Insurance? | Ottawa-Orleans Lawyers

By: Ottawa-orleans Lawyers  09-12-2011
Keywords: Lawyer, Insurance Policy, title insurance

This is an insurance policy that insures against problems with title, zoning, building requirements and other defects that might diminish the value of your property. A title insurance policy may give you the option of avoiding more costly compliance searches with respect to building, zoning, work orders, subdivision agreement compliance, taxes, water and sewerage charges. Another benefit is that an up-to-date survey may not be required. Your lawyer will discuss with you the merits of obtaining a title insurance policy.

Keywords: Insurance Policy, Lawyer, title insurance

Other products and services from Ottawa-orleans Lawyers


When do I get the money? | Ottawa-Orleans Lawyers

The usual time to pick up your cheque is mid to late afternoon on the day of closing. As with keys, the money is only released once the transaction has been registered. This depends on a number of factors so don’t count on the proceeds until 5:00 p.m.


What to expect from us | Ottawa-Orleans Lawyers

As a vendor you expect to receive the full amount of the sales proceeds, less any outstanding mortgages, real estate commission or other obligations to be paid out on closing. As a purchaser you expect to receive good title to your property, free of any liens or claims of others. You expect the home to meet all municipal, provincial or federal requirements. We guarantee that your expectations are met.


What will it cost? | Ottawa-Orleans Lawyers

Examples of disbursements are the cost to register the deed, the cost to register the mortgage, the cost to search the title, title insurance costs, couriers, clearance certificates, cost to certify cheques, and so on. If you are buying or selling property located in Ontario, Canada, please submit a request for a quote via our quote request for.


When do I get the keys? | Ottawa-Orleans Lawyers

Monies have to be received from the financial institution you are dealing with and banking has to be done on the day of closing.


Services | Ottawa-Orleans Lawyers | MacQuarrie Whyte Killoran

Our staff is friendly and courteous and you will quickly be put in touch with a lawyer to discuss your situation in greater detail and determine whether we might be able to help you. MacQuarrie Whyte Killoran provides quality legal advice, representation, and referrals in many areas of the law. You are facing major event in your life and you require guidance. Your first contact with a law firm should not be intimidating.


Real Estate Law | Ottawa-Orleans Lawyers

Our real estate department has long and extensive experience in handling all real estate matters, and in particular residential purchases, sales and mortgages. Despite the many closings we successfully complete, our lawyers pride themselves in personal, face to face involvement with our clients. We ensure that your home investment is not compromised, and that you receive exactly what you expect to receive.


What does a lawyer do? | Ottawa-Orleans Lawyers

The lawyer “quarterbacks” the transaction for you and ensures that your closing, and all of the closing documentation is prepared and delivered in a timely fashion. In a purchase transaction, working in conjunction with your real estate agent, your lawyer will help you negotiate the Agreement of Purchase and Sale. You will meet with your lawyer a day or two before closing to review all of the closing documents and deliver the closing proceeds.