By Gerry Neely B.A. LL.B Some banks and credit unions are now requiring title insurance for the refinancing of consumer mortgages. This, according to a bank spokesperson, provides for a more efficient system at less cost. From the lender’s prospective, the benefits of title insurance coverage include: removing concerns over negligence; making the insurance no-fault; …
By Gerry Neely B.A. LL.B A lender’s policy, whether residential or commercial, contains the basic risks plus a broader coverage than is provided in the buyer’s policies, referred to in Column 321. Those risks include, interesting enough, the invalidity of the mortgage due to usury laws, encroachments on to or from the insured lands. These …
By Gerry Neely B.A. LL.B We in British Columbia take pride in our Land Title registration system because we can satisfy ourselves as to the state of title with a 60 second online search, instead of waiting a week or so for a title search, as in the State of Washington. However, our system does …