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Mortgage Refinance
If you are looking to refinance your current mortgage or perhaps obtain a second mortgage to consolidate some debt, having legal knowledge will ensure you get the best deal. A good lawyer will check for encumbrances, any previously unknown mortgages on the property or pending litigation notices.
The Simplified Naqvi Law Process in
4 Easy Steps
There are a lot of things to look out for whether you are buying or selling a home/business, refinancing, your mortgage or transferring your title.
Let the lawyers at Naqvi Law ensure your transaction goes as smoothly as possible.
Submit Intake Form
Send us all the details of your transactions securely.
The Legals
Let us handle all the legal procedures related to the transaction
Closing
We will facilitate on the day of to make sure everything goes smooth
Final Report
A report package with all of your legal documents
why choose us
secure intake
status updates
virtual signing
Understand the Fees Before You Start
Real estate transactions are important and complex so we have made our pricing structure easy and straight forward to understand and follow.
frequently asked questions
An individual lawyer cannot act for or otherwise represent both the transferor and the transferee with respect to a transfer of title to real property except in certain limited defined circumstances and only if the lawyer is able to comply with the rules.
A joint retainer is a retainer in which the lawyer accepts employment from more than one client in a matter or transaction whether or not a conflict of interest exists. The Rules of Professional Conduct (Rules) impose certain obligations on the lawyer both prior to accepting a joint retainer and during the course of the joint retainer.
Before accepting a joint retainer, the lawyer must make certain disclosure to the clients and obtain the clients’ informed consent.
The lawyer must advise the clients that:
- The lawyer has been asked to act for both or all of them
- No information received in connection with the matter from one can be treated as confidential so far as any of the others are concerned, and
- If a conflict develops that cannot be resolved, the lawyer cannot continue to act for both or all of them and may have to withdraw completely.
The client’s consent must be in writing and signed by each of the clients or may be oral provided that the lawyer sends a letter to each person giving the oral consent confirming his or her consent as soon as practicable.
Mortgage fraud is a serious and growing problem in Ontario. In many cases, mortgage fraud involves the use of false identities (title fraud) and the artificial inflation of property values (value fraud). Title fraud occurs when a property is fraudulently transferred from its true registered owner and/or a fraudulent mortgage is registered on the property. In these types of transactions, a fraudster usually misappropriates the identity of the true registered owner. Value fraud occurs when the value of a property is inflated to deceive a mortgage lender in order to obtain a higher mortgage amount than would otherwise be available.
- All documents on title affecting the client’s interest in the property;
- The values revealed by arms-length transfers in the recent past, to determine if there have been any suspicious changes in value; And
- The pattern of inactive or deleted instruments on the parcel register and inquire about any suspicious patterns of transfers or discharges.
The lawyer should retain notes on the search of title with respect to every real estate file and should report the results of the title search and due diligence process and in particular any suspicious patterns of transfers or discharges and/or any suspicious changes in values revealed by the due diligence process to the purchaser/borrower if the lawyer is acting for the purchaser/borrower, the lender if the lawyer is acting for the lender and the title insurer.
