Our focus is in listing and selling recreational properties in the Provice of Ontario

Lawyers

Are you thinking about buying or selling your property in Ontario?

The first thing you should do is have a real estate lawyer.

Why? Buying or selling property is a complicated task, and you need an expert who can help you navigate tricky-to-understand laws.

Buying a Property

Your lawyer will do a title search to ensure that you’re getting a “clean” title.

He or she will also handle title insurance, which protects you and mortgage lenders against property loss or damage due to liens, encumbrances or defects in the property’s title.

When it comes time to close, a real estate lawyer is a necessity.

He or she will write a requisition letter asking for this information and any relevant documentation you need.

In addition, your lawyer will be the one to receive the Statement of Adjustments from the seller’s lawyer.

The Statement of Adjustments is a document that outlines the purchase price, any deposits you’ve paid and credits to either you or the seller for such expenses as property taxes.

Your lawyer will also handle the transfer of funds to the seller’s lawyer.

Selling a Property

A real estate lawyer will make the selling experience much smoother for you.

He or she prepares and reviews the deed to transfer the property to the buyer.

Also, your lawyer will write the Statement of Adjustments and send it to the buyer’s lawyer.

If you’ve got a mortgage or home equity line of credit, your lawyer will determine how much you owe to your lender when you close on the property.

He or she also arranges the payment of your mortgage(s) or home equity lines of credit and removes those charges from the property’s title.

Moreover, a real estate lawyer handles paying out the mortgage, real estate commission and any property taxes or utility bills you may still owe.

Your lawyer also sends any information that the buyer’s lawyer requests through the Letter of Requisition.

After the property closes, a real estate lawyer tells the buyer’s lawyer how to transfer the money for the sale.

Then, he or she notifies the municipality and utility companies of the sale’s completion.

Finally, your lawyer will send you all of the closing documents, including original signed documents and a reporting letter.

Benefits to Both Buyer and Seller

Having a real estate lawyer protects both the buyer and the seller.

This specialist will be there for you from the very beginning of the process and put your interests first.

In The Province of Ontario both buyers and sellers to utilize lawyers for all property transactions.

We’ve had the pleasure of working with a few of the best…

Louis Filion

PO Box 1526, 1101 Front St.
Hearst, On POL, 1NO
Phone: (705) 372-6333
Fax:(705) 672-6334
(Cochrane District)

Joann A Barber

Suite 1, 85 Pine Street South Timmins, ON P4N 2K1
Ph: (705) 268-5188
Fax: (705) 268-5189
(Cochrane District)

Robert Mullen/Tara A Hum

384 Fort William Road
Thunder Bay, ON P7B 2Z3
Ph: (807) 344-5848
Fax: (807) 344-5877
Website: mullenlaw.ca
(Thunder Bay District)

Doug Shanks

Cheadles LLP
715 Hewitson Street, PO Box 10429
Thunder Bay, Ontario P7B 6T8
Phone: 1-807-622-6821
(Thunder Bay District)

Amy Ruff

306 Fourth Street
PO Box 834
Rainy River, ON P0W1L0
Phone: 1-807-852-1910
Fax: 1-807-852-1911
(Rainy River District)

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Please contact us for details – phone (807) 624-7977 or email elio@recreationland.net