Can You Use a Parcel Register to Perform a Property Credit Check?
Almost every real estate professional would attest to the fact that a lot of effort goes into ensuring that deals close.
Real estate professionals who are selling a property also have to conduct proper research to ensure that there are no potential roadblocks and the seller has sufficient equity to cover their fees.
This is where a Parcel Register*can be useful. It is essentially a record containing the property’s description as well as the list of instruments registered against the property, within the Land Registration System of Ontario.
A Parcel Register* can help you with due diligence and ensure that the information your client provides is accurate.
To learn more about the potential issues that a Parcel Register* can help you identify, visit the GeoWarehouse blog: https://www2.geowarehouse.ca/how-can-an-ontario-parcel-register-be-used-to-perform-a-property-credit-check/
*An official product of the Ontario government pursuant to provincial land registration statutes.