thumbnail

Real Stories of TitlePLUS claims: Planning Act Problem

Related Articles

NEW ANTI-MONEY LAUNDERING/FINTRAC OBLIGATIONS We are writing to let you know about an upcoming...
REQUIREMENTS TAILORED TO TITLE INSURANCE IN YOUR REAL ESTATE TRANSACTIONS In late 2023, title...
A few months after a homeowner purchased his property from a developer, the homeowner found a...

A homeowner purchased a property several years ago, and unbeknownst to them and their lawyer a Planning Act violation occurred at the time of purchase. When the insureds recently sold the property the violation was discovered by the new purchasers’ lawyer, threatening to derail the sale.

Thankfully, the homeowners had a TitlePLUS policy with Legal Service Coverage. TitlePLUS retained counsel to repair the violation and covered the costs of the delayed closing for both parties.

Related Articles

NEW ANTI-MONEY LAUNDERING/FINTRAC OBLIGATIONS We are writing to let you know about an upcoming...
REQUIREMENTS TAILORED TO TITLE INSURANCE IN YOUR REAL ESTATE TRANSACTIONS In late 2023, title...
A few months after a homeowner purchased his property from a developer, the homeowner found a...