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Real Estate

To avoid real estate claims: take instructions from the party with value at risk

real-estate

If you’ve read even just the title of today’s risk management post, you’re on your way to avoiding a real estate claim. For seasoned real estate lawyers, the process of taking instructions, formulating or answering requisitions, and closing the deal can become, to a large extent, routine. An “ordinary” set of instructions with respect to… Read More »

Categories: Real Estate

10 Common Mortgage Blunders You Can Easily Avoid

real-estate

The Smiths (seemingly friendly and genuine people) walk into your law office with what appears to be a straightforward real estate deal including mortgage financing, for which you are to represent the lender as well. But, is it really that straightforward? Consider this: a high percentage of claims are caused by communication errors, inadequate investigation,… Read More »

Categories: Real Estate

Undertakings 101: Manage your risk

real-estate

There is often some confusion around the purpose of undertakings and how they should be structured. Be the lawyer who solves closing problems without taking on risks. Undertakings are essential elements in real estate transactions. They are commonly given by one party to another to avoid delays in closings, or as a courtesy to the… Read More »

Categories: Real Estate

The future of law: Why the real estate lawyer is the quarterback of the real estate deal

real-estate

On June 22, 2016, surrounded by family and colleagues, Kathleen Waters was honoured with the 2016 Ontario Bar Association’s Award of Excellence in Real Estate. Her remarks included comments on the lawyer as quarterback and advice on moving successfully into the digital future. “I’m a passionate believer in the role of the lawyer as defender… Read More »

Categories: Real Estate, The TitlePLUS Program & Title Insurance

Want to practice real estate more competitively AND comply with the Guidelines? Systemize!

gears

Real estate practice is both highly competitive, and relatively risky (from a claims perspective). Lawyers eager to thrive in real estate will benefit from strategies that streamline their file management while making it easy to adhere to the Law Society of Upper Canada’s Residential Real Estate Transactions Practice Guidelines. In their article “The Law Society… Read More »

Categories: Real Estate

What do title insurers expect from lawyers?

hands and house keys

Still relatively new in Canada, title insurance is not fully understood by many consumers. Even certain less-sophisticated lenders lack detailed knowledge of the product. The responsibility for explaining title insurance to those who purchase it – and for supporting insureds in obtaining coverage that suits their needs – falls squarely on lawyers’ shoulders. Lawyers are… Read More »

Categories: Real Estate, The TitlePLUS Program & Title Insurance
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