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homebuyers: Are you worried about bed bugs? - 07/08/10 01:16 PM
Are you worried about bed bugs?
According to a recent article in the Toronto Star, some who work in the real estate industry are wondering when home buyers will start including conditions in their offers with respect to whether a property is contaminated with bedbugs.
Apparently, in many major cities, the incidents of bedbugs are on the rise in residential apartments, condos, houses, and even commercial buildings. They are difficult to get rid of and spread very easily.
I don't know of any recent outbreaks in Ottawa, but there have been outbreaks in Toronto, Calgary, Regina and Vancouver.
What can you do to protect … (3 comments)
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homebuyers: New mortgage rules for homebuyers to come into effect April 19, 2010 - 03/02/10 02:42 PM
New mortgage rules for homebuyers to come into effect April 19, 2010
Many new homebuyers require CMHC-insured mortgages. If you can't afford to put down a 20% downpayment on a property, lenders require that a homebuyer purchase insurance through the Canada Mortgage and Housing Corporation.
This insurance protects the lender's interest if a homebuyer defaults under the loan, and the market value of the property isn't high enough to satisfy the outstanding loan.
New changes being instituted by CMHC mean that a homebuyer may only be able to qualify for a smaller CMHC mortgage. Ultimately, this means that, for certain individuals at least, they will have to set … (0 comments)
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homebuyers: Why do homebuyers need title insurance in Barrhaven, Nepean, Ontario? - 02/12/10 02:51 PM
Why do homebuyers need title insurance in Barrhaven, Nepean, Ontario?
Most purchases today are going to close with title insurance. Title insurance has been around for about a decade, and it gives a homebuyer coverage for a bundle of issues like:
tax arrears water arrears outstanding work orders zoning violations, and not having an up-to-date survey Title insurance doesn't mean that a full title search isn't done. It is. The lawyer still reviews all the documents on a homebuyer's property title. Your lawyer will order a title insurance policy in lieu of ordering various searches with the municipality.
Anything you're searching with the municipality (whether … (0 comments)
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Kerry Fox
Nepean,
ON
More about me…
Kerry Fox, Barrister & Solicitor
Address: 90 Centrepointe Drive, Nepean, ON, K2G 6B1
Office Phone: (613) 224-4400
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