Dear David: I’ve owned my home since 1978. My mortgage is paid off. I’ve heard stories about people trying to steal property titles, and I’m a bit worried since I don’t have title insurance. Can I still get it if I no longer have a mortgage? – BETTER LATE THAN NEVER DEAR BETTER: Since the
The cottage may be grouped with other assets in your estate and funnelled down through your spouse or other beneficiaries.
COVID-19 measures have left many homeowners unemployed or reduced their hours to a point where they worry about making mortgage payments.
It’s common for divorcing couples to assume the equity in their matrimonial home will be split 50/50, but the division of assets can be complicated.
Market evaluations are subjective. As such, they can be vastly different. If an evaluation sounds too good to be true, make sure the Realtor can back up their numbers.