What does 'Property is in land titles' mean?
Jan 26th 2010, 12:24 pm
#16
RETIRED Realtor
Joined: Aug 2006
Location: Winnipeg, Manitoba
Posts: 2,087
Re: What does 'Property is in land titles' mean?
As different provinces have different ways of approaching and naming the same thing. We are trying to help with a phrase that at first was given to us out of context, and then later in context.
At least we were trying to be helpful.
Jan 26th 2010, 1:26 pm
#17
Lost in BE Cyberspace
Joined: Aug 2005
Location: South of Calgary
Posts: 13,375
Re: What does 'Property is in land titles' mean?
Jan 26th 2010, 7:25 pm
#18
Forum Regular
Joined: Feb 2009
Posts: 59
Re: What does 'Property is in land titles' mean?
On a particular property I bought without an up-to-date land survey I faced adverse possession on two sides of my property. The cost of fighting them in court (which is what I faced) was projected to be $80,000 each, win or lose! I have no reason to waste my time making this stuff up!
Jan 26th 2010, 7:42 pm
#19
Joined: Aug 2005
Posts: 14,227
Re: What does 'Property is in land titles' mean?
I think you'll find I said in an earlier post, that I was not sure of my answers.
As different provinces have different ways of approaching and naming the same thing. We are trying to help with a phrase that at first was given to us out of context, and then later in context.
At least we were trying to be helpful.
As different provinces have different ways of approaching and naming the same thing. We are trying to help with a phrase that at first was given to us out of context, and then later in context.
At least we were trying to be helpful.
Actually, the subject of Land Registry and Land Titles is a very important part of the knowledge base of an Ontario Realtor. To the best of my belief Land Titles only exists in Ontario, though it may just be called something different elswhere in Canada. It's important to know the difference because of adverse possession, which in some areas is rife. A property may have originally been registered under the old Land Registry system and recently moved into Land Titles but with reservations regarding any other claims of ownership including adverse possession.
On a particular property I bought without an up-to-date land survey I faced adverse possession on two sides of my property. The cost of fighting them in court (which is what I faced) was projected to be $80,000 each, win or lose! I have no reason to waste my time making this stuff up!
On a particular property I bought without an up-to-date land survey I faced adverse possession on two sides of my property. The cost of fighting them in court (which is what I faced) was projected to be $80,000 each, win or lose! I have no reason to waste my time making this stuff up!
