The Mortgage Was Paid Off Years Ago—So Why Was It Still on Title? How an Old Mortgage Nearly Delayed a Toronto Home Sale

A Toronto Suburb

Selling a home can feel straightforward: sign the Agreement of Purchase and Sale, satisfy the closing conditions, hand over the keys and receive the sale proceeds. Unfortunately, problems with the property’s title can sometimes appear only after the deal has already been signed. Consider the following fictional case study involving “Maria,” a Toronto homeowner who believed that the mortgage on … Read More