The BC Court of Appeal
decided against the lenders and found that although the LTA protects the genuine owner or purchaser of property who is relying on the register in respect of title to the property, it does not protect someone who has a lesser interest in the land such as a registered mortgage.
Not exact matches
If you
decide on the DIY route, experts strongly discourage
against guilt - tripping your
lender into settling or complaining about your debt.
I have felt I was being cheated in the pass from a
lender, so I
decided against it, because of high fees, Interest rate, insurance premium, and closing fees.
Private
lenders rely on LTV to
decide whether it is necessary to loan money
against certain properties.
Some
lenders do not offer refunds if you are not approved for the loan or if you
decide against taking it.
On December 9, 2014, the Ontario Court of Appeal
decided that the Personal Information Protection and Electronic Documents Act (PIPEDA) prevents a mortgagee from disclosing the mortgagor's discharge statement to another
lender — even when that
lender has a judgement
against the mortgagor — without either the mortgagor's express consent or a specific court order.
Still, if a conventional
lender takes a pass on your would - be buyer and you
decide to assume that role, it is incumbent upon you to structure the deal properly — as a protection
against default and in case you
decide to sell the note to an investor later.