Home Buyer Seminar Welcome Date:. Home Buyer Seminar Agenda: z Selecting a lawyer z Role of Real Estate Professional z Obtaining a mortgage z High Ratio.

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Presentation transcript:

Home Buyer Seminar Welcome Date:

Home Buyer Seminar Agenda: z Selecting a lawyer z Role of Real Estate Professional z Obtaining a mortgage z High Ratio mortgages z Title Insurance – do you need it?

Home Buyer Seminar Selecting a Lawyer

Home Buyer Seminar The Role of a Real Estate Professional

Home Buyer Seminar Applying for a Mortgage

Home Buyer Seminar High Ratio Mortgages

Home Buyer Seminar Title Insurance: z What is it? z Do I need it?

Home Buyer Seminar

What is Title Insurance: z An alternative method of assuring good title z An insurance policy that provides purchasers and mortgage lenders with protection against specific title risks

Typical Coverage: z Defects in title z Compliance risks z Access, other rights and defects Home Buyer Seminar

Exclusions and Exceptions: z Exclusions are general risks that all policies do not cover z Exceptions are specific risks that the policy for the property does not cover Home Buyer Seminar

What is TitlePLUS: z Title insurance...PLUS more z Two integrated components: y Title Insurance and Legal Services Coverage y Automated Delivery System Home Buyer Seminar

Differences between TitlePLUS and title insurance: z Expanded title coverage z The addition of legal services coverage z Single policy for both home buyer and lender z The benefit of a lawyer’s independent advice Home Buyer Seminar

Benefits for Home Buyers: z Cost savings z Better protection z Enhanced service from lawyers z Less complicated claims process Home Buyer Seminar

Questions?

Home Buyer Seminar Thanks for coming