What to do if your house is gone, and it’s not the one you paid for?
This is the question many Canadians are asking, after a series of house-wars in recent years.
In one case, a man paid a contractor to fix his front door after his wife died, and the contractor turned up with a new one.
In another, a builder bought a home that had been bought for $7,000 and made it his own, only to have it sold later after it was shown to be substandard.
In all cases, the buyer sued, and lost.
The homeowner then lost his or her home.
But there’s another possibility, and one that has caught on with some homeowners.
It’s called “disengagement,” and it involves the removal of your home, which is essentially a property transfer.
It can happen at the time you buy your house, when you pay the price of the property, or even after.
“The whole process of buying a home is pretty complicated, so we don’t usually talk about it very much,” says Michael Zagaris, president of Zagari Associates.
“But if you have the right paperwork, there are a number of ways to get it done.”
You don’t have to pay upfront If you already have a property you want to sell, the process is pretty simple.
The buyer will typically request a transfer and pay the seller’s fees, plus the buyer’s own expenses.
Then the buyer will sign a contract agreeing to the transfer.
If it goes through, the seller can then sell the property for a price and the buyer pays.
If the buyer does not sign the transfer, the transfer isn’t finalized.
“I don’t think there is any penalty for the person who doesn’t sign,” says Zagares.
“They just don’t get a title.”
If the transfer doesn’t go through, there’s no problem.
The seller can either sell the home or sell it for another price.
If they don’t sell it, the sale proceeds to the buyer.
If a buyer pays for the purchase, they can get the money back.
In the latter case, the payment is then put into the buyer or into a trust account that will be used to pay off the seller.
Zagavis says the seller needs to pay the buyer in cash or the trust account.
The sale proceeds go to the trust, which then has to pay out the buyer to cover any debts.
The trustee then pays the buyer and pays off the debt.
The trust pays the loan balance to the bank.
“It’s a very simple process,” says Robert Gifford, vice-president of Real Estate Canada.
“If you can afford to pay, you can pay.
If you can’t afford to, you don’t.”
When you have your home you’ll have to wait a while for it to come back online, but there are ways to ensure that it’s back online by filing a title and registration claim.
“There are a couple of different ways to do it,” says Giffords.
“Somebody else will pay you, or you can make a claim on your behalf. “
Then there are two other ways,” he says.
If you have any questions about title transfers or the process, you should call Giffard.”
That is usually done through a broker or other service that is certified by the CRA.”
If you have any questions about title transfers or the process, you should call Giffard.