A client recently asked me, out of curiosity, how high up and down she would own when her first home closed. Essentially, at common law, you own “up to the heavens and down to the centre of the earth”. That being said, in many jurisdictions there are limits that have been placed on the common… Continue reading High and low
Tag: real estate law
Checking on your home inspector
TheRedPin.com posted this article a while ago about what home inspectors do and do not check when doing the inspection on your home – or rather, what they are and are not required to check. The list is quite informative, especially if you have not bought a home recently. A home inspection is incredibly important… Continue reading Checking on your home inspector
Subject to lawyer’s approval
Mark Weisleder wrote this article for Moneyville a while back on several recent issues with the “subject to lawyer’s approval” clause found in many real estate deals. He discussed two cases in particular, one where the deal was successfully cancelled because of a lawyer review and one where the sellers were found to have acted… Continue reading Subject to lawyer’s approval
Mortgage Fraud Warning
Courtesy of RECO’s “For the RECOrd” magazine RECO investigators are all too familiar with mortgage fraud and the turmoil it causes for the victims who are left fighting to get their homes back. Unfortunately, in most cases, RECO only becomes aware of the mortgage fraud after the fact when a homeowner realizes they have… Continue reading Mortgage Fraud Warning
Ooops!
The Red Pin posted a link to this amusing little story a while ago. Well, it was amusing to me – I’m sure it wasn’t amusing to the seller. In a nutshell, over a series of emails Kelty Druet agreed to sell her condo to Marc Girouard for $155,000. Four hours later, she changed her… Continue reading Ooops!