Archive for the 'Property Investigation' Category

It can be a real estate agent’s nightmare. You’ve taken the time to arrange a great deal for your client who is selling their home… but then they can’t pay you the commission.

Suddenly, you’re out money and time. You could take the client to court to try to recoup the costs, but again that is more money and more time.

Wouldn’t it be easier to just make sure your client is able to pay in the first place?

That’s where this one secret comes in. You will want to be sure this is included in your real estate tool case.

It’s called a Parcel Register*.

A Parcel Register* from GeoWarehouse is like a credit report — but instead of checking a client’s credit score, it checks the property.

It will show you:

  • If any encumbrances exist.
  • The lender the encumbrances are with.
  • When the encumbrances were registered.
  • The registration value of any encumbrances.
  • The legal homeowners and the type of ownership.
  • A history of registered mortgages and liens.
  • And more.

With this tool, you’ll be able to find out from the get-go whether or not the client can pay you and if there is enough equity available in the home for it to be worth your while.

This is vital in today’s changing economy when interest rates are rising, and new mortgage rules are in place. Federally-regulated lenders have to take into account the client’s gross debt service (GDS) ratio — all of the housing related debt they carry — and total debt service (TDS) ratio — the total amount of debt they carry.

However, private lenders that are not federally regulated do not have to do this. So, it could be possible for a client to be securing their mortgage privately and struggling with debt — and you may not find out until it is too late.

That is why it’s always a good idea to get a Parcel Register*. You’ll be able to know more sooner and rest easy knowing that the deal will go through uninterrupted and you’ll be able to get your real estate commission.

A GeoWarehouse Parcel Register* is easy to obtain. Find out more today. Call 1-866-237-5937 or visit www.geowarehouse.ca.

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

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Collection agencies, law enforcement, private investigators, and more will benefit greatly from our FREE new eBook, How to Locate Property and Assets and Investigate Equity.

This eBook is perfect for anyone who relies on property-related data to search for people, locate assets, or assess available equity.

In this eBook, you’ll learn:

  • What type of property-related data is the most relevant to your investigations.
  • How to search for specific information.
  • The criteria you need to use to evaluate property search tools.

You’ll come out of it with a clear understanding to how locate property/assets, evaluate home equity, and uncover your subject’s financial history and financial standing.

This eBook is available today for free. Just click here to get started downloading.

GeoWarehouse is your source for property-related data searches and more. We source our data from the Province of Ontario Land Registry Information System, meaning that all of our property data is accurate, up-to-date, and available when you need it.

Learn more about how you can access our investigative property tools. Contact Philip Share by calling 416-643-1028 or email philip.share@teranet.ca.

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