Home Buyer Seminar

Welcome

Date:

Home Buyer Seminar

Agenda: Selecting a lawyer Role of Real Estate Professional Obtaining a mortgage High Ratio mortgages 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:

What is it?

Do I need it?

Home Buyer Seminar

Home Buyer Seminar

What is Title Insurance:

An alternative method of assuring good title

An insurance policy that provides purchasers and mortgage lenders with protection against specific title risks

Typical Coverage:

Defects in title

Compliance risks

Access, other rights and defects

Home Buyer Seminar

Exclusions and Exceptions:

Exclusions are general risks that all policies do not cover

Exceptions are specific risks that the policy for the property does not cover

Home Buyer Seminar

What is TitlePLUS:

Title insurance...PLUS more

Two integrated components:

Title Insurance and Legal Services Coverage

Automated Delivery System

Home Buyer Seminar

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

Home Buyer Seminar

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

Home Buyer Seminar

Home Buyer Seminar

Questions?

Home Buyer Seminar

Thanks for coming