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Navigating Power of Sale and Foreclosure in Ontario

In the world of Canadian real estate, financial problems can create stress, especially regarding mortgage payments. When a homeowner struggles to keep up with their mortgage, lenders may take legal steps such as Power of Sale or Foreclosure to get their money back. This blog post will clarify these two processes. It will point out their key differences and show how they work in the Ontario real estate market. Knowing about these processes is a good first step for handling tough situations and making smart choices.

Law
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Property Damage at Closing: Who is Responsible in Ontario?

Buying a home is an exciting but complex process, especially when it comes to property condition at closing. A lot can happen between the time an offer is accepted and the day the buyer takes possession. But who is responsible if damage occurs before closing?Whether it’s a plumbing issue, damage from a storm, or vandalism, understanding legal obligations is crucial. This guide will explain the seller’s responsibilities, the buyer’s rights, and what steps you can take to protect your investment.

Law
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What is a Matrimonial Home?

Determining which properties qualify as matrimonial homes is contingent upon various factors, including marital status, consistent use by both parties, and residential purpose.

Law