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Why You Should Be Wary of Professional Advice Given on Social Media
In an age where social media dominates our daily lives, it’s no surprise that many of us turn to platforms like Facebook, Twitter, Instagram, and LinkedIn for advice on various topics. From health and fitness to financial planning and legal matters, professional advice is readily available at our fingertips. However, the ease of access and the convenience of social media can be misleading, and it’s crucial to approach professional advice shared on these platforms with caution. Here’s why:
Securing Your Secrets? Solicitor-Client Privilege and Your Lender
You know the children’s poem “Rub-a-dub-dub, Three men in a tub”? Well, in the context of residential real estate, the “Three men in a tub” is you, your lender and your lawyer. Solicitor-client privilege stands as a cornerstone of the legal system; confidential communications between clients and their legal representatives must be maintained. This privilege plays a vital role in fostering trust and transparency while ensuring the protection of sensitive information. The “rub” in the context of residential real estate is that your lawyer will typically have 2 clients; you and your lender. In this article, we delve into the nuances of solicitor-client privilege within the realm of residential real estate closings, shedding light on its significance, scope, implications and limitations.
Critical Real Estate Closing Mistakes: How to Avoid Costly Pitfalls
Closing the deal on a real estate transaction is an exciting moment for both buyers and sellers. However, amidst the anticipation, it is essential to proceed with caution and avoid pitfalls that can turn this milestone into a nightmare. In this guide, we’ll explore some critical real estate closing mistakes from our perspective as real estate lawyers and provide actionable tips on how to steer clear of them.
Time is of the Essence: What Does this Really Mean for my Real Estate Closing?
Welcome to the high-stakes world of real estate, where every minute counts and deadlines can make or break a deal. In this blog post, we’ll delve into the recent Ontario Court of Appeal case of 3 Gill Homes Inc. v. 5009796 Ontario Inc. (Kassar Homes),2024 ONCA 6 and uncover why time management is not just important, but crucial in the realm of real estate transactions. Get ready for a journey through contracts, deadlines, and the significant consequences of tardiness in the dynamic world of real estate.
My Lawyer Says my Property is in Land Titles, What Does that Mean?
Understanding the Land Titles System is helpful for people engaged in real estate transactions in Ontario. In this blog post, we will shed light on the significance of the Land Titles System and how it impacts property ownership in the province.
Seal the Deal: How your Real Estate Lawyer Can Keep You Out of Court
Real estate lawyers may not always save the day, but they do help save you from going to court. In the dynamic realm of real estate transactions, having the right real estate lawyer as a key member of your team is an important step in preventing potential litigation. A good real estate lawyer will understand the intricacies of the transaction, saving time and resources for all parties involved. In this blog post, we will explore some essential strategies to mitigate the risk of litigation in real estate deals.
Understanding the First Dealings Exemption when an Estate is selling Real Estate
In Ontario, navigating the legal intricacies surrounding the sale of property by an estate can be complex. One area that often arises in discussions and can cause confusion is the “First Dealings Exemption.” This exemption can significantly impact the sale process and the distribution of assets for an estate. In this blog post, we will delve into what the First Dealings Exemption entails, its significance, and how it applies to estate transactions in Ontario.
What is Title Insurance?
Title insurance is a type of insurance policy that protects the owner or lender against financial loss due to defects in the title of a property.
Title insurance is purchased as part of a real estate transaction or it may be purchased as a stand-alone policy. The policy is designed to protect the insured party (either ...