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Did You Know, TitlePLUS . . .
- was launched in 1997 by Lawyers' Professional Indemnity Company (LAWPRO), a Canadian insurance company and subsidiary of the Law Society of Upper Canada?
- is a software program, composed of numerous checklists to assist lawyers in completing residential real estate deals?
- has approximately 4,200 subscribing lawyers?
- is now available in all provinces and territories1?
- covers issues such as forgery, fraud, missing heirs, and much more2?
- moves the risk associated with title from the lawyer, borrower or lending institution, to the title insurer?
- covers not only the title-related aspects of a transaction, but also the legal services provided by a lawyer3?
- better protects your legal interest in the property and enhances the service from a lawyer?
- covers the purchaser and lender under the same policy?
- is available for new home purchases, resale home purchases, farms, leasehold and mortgage-only transactions?
For you, this means…
- a reduction in the paperwork for a residential real estate deal — lessens your administrative work in a mortgage transaction and makes lawyers' opinion letters redundant.
- lawyers will follow the same standard of practice — a standard that protects you and your customer.
- streamlining the way a home purchase is closed, saving you time and saving your borrower money.
- providing extensive protection for the legal interest that you and your customer are undertaking in the home purchase.
- ensuring that borrowers benefit from the expertise and advice of an independent lawyer.
- reducing disbursement costs on many real estate closings, thus saving your customer money.
1 In Manitoba, contact Reider Insurance at 204-338-3888.
In Alberta, contact Phoenix Group Edmonton Inc. at 780-482-6936 or 1-800-563-5325.
In Quebec, contact Dale Parizeau Morris Mackenzie Inc. at 1-877-865-6865.
2 Some restrictions may apply. Please refer to the policy for full details, including actual terms and conditions.
3 Excluding OwnerEXPRESS® policies and Québec.
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