Archive for the 'Asset Investigation' Category

Your Go-To Guide for Using Property Data for Background Checks, Real Estate Fraud Investigations, and More

When you need to conduct a property investigation, time is of the essence. You want as much information about a property as possible, as quickly as possible. And the data must be accurate.

With a GeoWarehouse Property Details Report, you can get all the information in one place.

A Property Details Report tells you:

  • Who owns the home.
  • The value of the home.
  • Mortgage registered against the home.

From this you can tell if your client appears to be honest, or if you need to dig deeper.

Red flags you’ll want to examine further include:

  • Other people on title who weren’t disclosed to you.
  • Many transfers of the property.
  • The values of these transfers.
  • Odd transferees – non-arm’s-length, companies, etc.
  • The mortgages registered – are there lots of them? Who are the mortgage lenders? Etc.
  • Is there enough equity for you to get paid?

The value of these property reports can go beyond your peace of mind. It’s important that you execute due diligence and catch potential problems. Even if there is a reasonable explanation for a red-flag item, it’s still better that you know about it early on.

Whether you’re conducting a background check, investigating potential real estate fraud, or conducting your due diligence, the property report is a vital part of the process. That’s why we’ve made GeoWarehouse property reports convenient for you.

With a GeoWarehouse Property Details Report, you:

  • Get your report sent to you instantly — no unnecessary wait times.
  • Can trust the data you’re getting. We take our property data from POLARIS, the Province of Ontario Land Registration Information System, so it is kept up-to-date, complete, and accurate.
  • Receive a comprehensive report. All of the above items are included, making it easy for you to know where to dig deeper.

Property investigation in 15 minutes (or less) is completely possible with GeoWarehouse. We help you save time and money by making you the property expert.

Get started today. Give us a call to begin your property investigation right away. Contact 1-866-237-5937 or visit www.geowarehouse.ca.

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Expands Financial Solutions Business, Including Canadian Lien Searches

Teranet Inc. announced this week that its affiliated entity, CM Solutions Inc., entered into a definitive agreement with D+H Corporation to acquire D+H Collateral Management Corporation, a division of Finastra Holdings Inc.

D+H Collateral Management is a market leader in Canadian lien searches, lien registrations, asset recovery services, and insolvency management.

The agreement will significantly extend Teranet’s financial services business across Canada, including for those who need to mitigate real estate risk.

Learn more about the agreement here.

GeoWarehouse has tools that make you the expert in mitigating real estate risk and more. Find out about our solutions today at www.geowarehouse.ca.

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June 18, 2018

For collection agencies, law enforcement, and even private investigators, conducting asset investigations is part of the job. Thus, it’s imperative that their data sources be geared towards finding the best, most accurate information.

Whether you’re conducting collection enforcement, tax enforcement, or need to perform an asset investigation for another reason, a property search can be one of the quickest and easiest ways to get the data you want.

With a property search, you can gain access to:

  • Property ownership information that reveals all legal owners registered on a property.
  • Sales history information, such as the account of property transfers, amounts, and transferees.
  • Property value.
  • Registered mortgages and liens. This can be especially interesting if you want to know the funder of a private mortgage.
  • This is critical for bad debt recovery or positioning a lien or judgment.
  • Sales comparables.

When you’re choosing your property search tool, there are some important considerations to be made.

Number one is the data source. Your asset search tools need to be fast, convenient, and above all accurate. An added bonus is when your tech does more in one place. For example, if you have to go to one resource for confirming property ownership, another for finding financial and sales history, and yet another for seeing aerial imagery, any time that you save in speed and convenience is quickly going to be lost.

When you’re selecting a tool for your asset search, there are three data sources that are most common:

  • The local MLS/Real Estate Board (data comes from registered sales).
  • Municipalities (data comes from assessments).
  • The provincial government (land registries are provincial in Canada).

Of the three, the provincial government is the most accurate source for property-related data. This is because anytime a property is transferred for mortgaged/remortgaged in Ontario, it’s first registered with the Land Registry.

In Ontario, Teranet administers POLARIS, the Province of Ontario Land Registry Information System. If you’re using an asset search provider who uses POLARIS as their data source, you can be 100 per cent sure you’re working with most current and accurate property information available.

At GeoWarehouse, our property search reports use POLARIS data and our searches are easy and convenient. You can search by name or by address and you can even go further and access Parcel Register* data and Instrument Images* so you can look at the actual lien documents, mortgage documents, etc. associated to registrations.

The next time you’re conducting an asset investigation, GeoWarehouse could be the tool that gets you results. Learn more about how to become a subscriber at www.geowarehouse.ca.

*An official product of the Ontario government pursuant to provincial land registration statutes.

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