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Mortgage Broker News | 21 Nov 2016, 01:50 PM Agree 0
Supreme Court of Canada upholds decision, prompting insurers to change their policies
  • Martha Smith | 21 Nov 2016, 02:37 PM Agree 0
    Lawyers now have to do a search
    Same as before title insurance
  • Mortgage Mike | 21 Nov 2016, 03:02 PM Agree 0
    More so than just that, buyers have to do their due diligence on the state of a property, and buyers have to be willing to sue former owners who've done illegal renovations. Only by bringing the consequences home to the people who've flouted the law, can we fix the issue of rampant illegal and dangerous renovations.
  • Gary | 21 Nov 2016, 05:00 PM Agree 0
    So now what do you do when title insurance renegs on the size of the land...clients purchase a purported 60 acres (as per listing & offer) and it turns out to be only 51 acres--and title insurance wants no part of the ensuing conflict
  • Appraiser | 22 Nov 2016, 12:11 PM Agree 0
    I would like to get into the hidden defect insurance market. Lots of policy revenue, very few claims.

    Insurance companies could offer it as a 'rider' on future policies for an additional premium. Canadians love insurance.
  • Title Ron | 30 Nov 2016, 02:28 PM Agree 0
    A complete misunderstanding of the title insurance policy and the meaning of the word "marketable." Marketable title refers to the state of the title itself, not whether someone would buy the property. Ms. Smith is incorrect because the defect was not one found in the public records as defined by the title insurance policy. The judges appear to have wanted to achieve a particular result regardless of what the policy stated.
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