Using a Power of Attorney to Buy, Sell or Refinance Real Estate

Spagnuolo Law | October 19th, 2011 | FAQ's, Legal Issues / FAQ's

It is not uncommon for clients to be away at the time they are closing a real estate transaction. In this situation there are a few options to ensure the transaction closes on time, one of them being the use of a Power of Attorney. Legislation relating to the use of Power of Attorney’s was […]

Using a power of attorney for real estate

Spagnuolo Law | October 19th, 2011 | Legal Issues / FAQ's

It is not uncommon for clients to be away at the time they are closing a real estate transaction. In this situation there are a few options to ensure the transaction closes on time, one of them being the use of a Power of Attorney. Legislation relating to the use of Power of Attorney’s was […]

First time home owners tax credit

Spagnuolo Law | April 12th, 2011 | Legal Issues / FAQ's

The First Time Home Buyers Tax Credit is a non-refundable tax credit for certain homebuyers who acquire a qualifying home after January 27, 2009. Rather than retype the criteria, we offer the following link to the Canada Revenue Agency website. Please visit this site for complete information: http://www.cra-arc.gc.ca/nwsrm/fctshts/2010/m01/fs100121-eng.html

Strata Property Instruction Guides

Spagnuolo Law | April 8th, 2011 | Strata Living

Okay, we are being a little lazy on this one. We had grand plans of adding pages and pages to our website with information on a variety of Strata Topics. After doing a bunch of research, we found this government website, http://www.fic.gov.bc.ca/pdf/responsibilities_strata/StrataOverview.pdf?p=strata_property/index. This website has all of the information we were looking to provide to […]

General Living

Spagnuolo Law | March 14th, 2011 | Strata Living

A significant number of all real estate transactions in British Columbia involve the purchase or sale of a strata unit. More and more people are choosing to purchase strata titled property such as a townhome or condominium over the traditional suburban single family home. This is for a variety of reasons, usually affordability, lifestyle or […]

“Stigmatized” Properties

Spagnuolo Law | February 1st, 2011 | Legal Issues / FAQ's

A potential buyer may be quite happy with the physical condition and the location of a residential property, but they may avoid purchasing the property because of concerns regarding an event or circumstance occurring in or near the property.  Examples include a property next door to a residence occupied by a convicted pedophile, or a […]

Examples and Stories

Spagnuolo Law | May 25th, 2009 | Real Estate Fraud

FRAUD STORIES FROM OUR MOST RECENT FILES: Title Fraud A mortgage-free British Columbia property which had been registered to the same owner for 23 years was fraudulently transferred to a new owner. The fraudster later registered a mortgage for $400,000 against the property. Stewart Title insured the unknowing lender as having a first priority mortgage […]

Real Estate Fraud and Title Insurance

Spagnuolo Law | February 12th, 2009 | Real Estate Fraud

Incidents of real estate fraud are increasing in Canada and homeowners and lenders are proving to be irresistible targets for fraud artists.   Homeowners and lenders can protect themselves by obtaining a title insurance policy. The coverage provided in residential title insurance policies helps protect both innocent homeowners and lenders who might otherwise face huge […]

COMMON QUESTIONS

Spagnuolo Law | December 10th, 2008 | Legal Issues / FAQ's

Related 2007 AND 2008 COMPLIANCE AUDIT Will I receive $75.00 for each transaction handled by Spagnuolo & Company from 2007 and 2008? Yes – for each separate purchase and refinance transaction, you will be entitled to receive a $75.00 credit from each file that we handled for you in 2007 and 2008. Will I receive the $75.00 credit for […]

Paying off Your Mortgage Faster

Spagnuolo Law | May 3rd, 2008 | FAQ's, Legal Issues / FAQ's

Paying off Your Mortgage Faster Our clients tell us that one of their highest financial priorities is to reduce or pay off their mortgage as quickly as possible. This was also confirmed in a recent survey undertaken by the Canadian Mortgage and Housing Corporation. In an article published in the Vancouver Sun on March 20, […]