Luke Chang

Sales Representative

Royal LePage Signature Realty, Brokerage *

Mobile:
647-209-8367
Office:
416-443-0300
Email Me
  Luke  Chang

Luke Chang

Sales Representative

Mobile:
647-209-8367
Office:
416-443-0300
Email Me
Before I became a Real Estate Agent, I worked in both private and public sectors for many years. I have developed strong negotiating and sales skills that became my foundation for my Real Estate business.  As a Sales Representative, I use my professional past experience to help my clients achieve their goal when they finally decide to begin their journey into buying, selling or investing in Real Estate. 
 
When you entrust me as your Real Estate Agent, I will work in your best interestest, so let's begin the journey together.
 

Education: Computer Science in Software Engineering, the University of Toronto
Work: The Fields Institute for Research in Mathematical Sciences, the University of Toronto
Area Covered: GTA, Halton, York, Mississauga, Hamilton, Ajax, Whitby, Oshawa, other Ontario regions.
 
 
Education: Computer Science in Software Engineering, the University of Toronto
Area Covered: GTA, Halton, York, Mississauga, Hamilton, Ajax, Whitby, Oshawa
Languages Spoken: English, Korean
Eunice  ShimEunice  Shim

Eunice Shim

Sales Representative

Mobile:
647-746-1004
Office:
416-443-0300
Email Me
After graduating from York University with a degree in Accounting, I became an accredited court interpreter in Ontario for many years before I decided to go into my own business. I also owned and ran my own successful businesses while accumulating a wealth of experience in buying and selling in residential and commercial properties through my personal business transactions. 
 
I am a person who loves helping people so they can make the right decision for their own future investment in Real Estate. Let me be your helpful guide as you start your real estate journey.
 

Education: Accounting at York University

Work: Ontario Courts
​Area Covered: GTA, Halton, York, Mississauga, Hamilton, Ajax, Whitby, Oshawa, and other Ontario regions.
 
Education: Accounting at York University
Languages Spoken: English, Korean
Luke  Chang

Luke Chang

Sales Representative

Royal LePage Signature Realty, Brokerage *

Mobile:
647-209-8367
Office:
416-443-0300
Email Me

Title Insurance Details

Title Insurance Details

What is Title Insurance?

Title insurance is protection against loss arising from problems connected to the title of your property. Before you purchased your home, it may have gone through several ownership changes, and the land on which it stands went through many more. There may be a weak link at any point in that chain that could emerge to cause trouble.  For example, someone along the way may have forged a signature in transferring title. Or there may be unpaid real estate taxes or other liens. Title insurance covers the insured party for any claims and legal fees that arise out of such problems.

Prior to closing, public records are "searched" to determine the previous ownership of the property, as well as prior dealings related to it. At closing the buyer expects property that is free and clear of such claims, so typically they must be cleared up before closing.

Occasionally problems regarding title are not discovered before closing, or are not remedied before closing. Such defects can make the property less marketable when the buyer subsequently sells and, depending on the nature of the problem, can also cost money to remedy. For example, the survey might have failed to show that an addition to the property was built without permission. The buyer of the property could be out-of-pocket if he is later required to remove the addition.

Am I required to purchase Title Insurance?

Title Insurance is required if you need a mortgage, because all mortgage lenders require such protection for an amount equal to the loan. It lasts until the loan is repaid. As with mortgage insurance, it protects the lender but you pay the premium, which is a single-payment made upfront.

Who is protected with Title Insurance?

Title insurance policies can be issued in favour of a purchaser (on new/resale homes, condos and vacation properties), a lender, or both the purchaser and lender. Some of the risks that are frequently covered under a title insurance policy include: survey irregularities; forced removal of existing structures; claims due to fraud, forgery or duress; unregistered easements and rights of-way; lack of pedestrian or vehicular access to the property; work orders; zoning and set back non-compliance or deficiencies; etc.
For a risk to be covered, usually it has to have existed as of the date of the policy. As with any type of insurance policy, certain types of risks might not be covered, for example, native land claims and environmental hazards are normally excluded. Be sure to discuss with your lawyer what risks are covered and what are excluded.

When does the insurance coverage end?

When the title insurance is covering the purchaser, it remains in effect as long as the insured purchaser has title to the land. Some policies also protect those who received title as a result of the purchaser's death, or certain family members (e.g., a spouse or children) to whom the property may have been transferred for a nominal consideration.

When the title insurance is covering the lender, the policy remains in effect as long as the mortgage remains on title. A lender covered under a title insurance policy is insured in the event the lender realizes on its security and suffers actual loss or damage with respect to a risk covered under the policy. Lenders are usually covered up to the principal amount of the mortgage.

The premium for title insurance is paid once (at the time of purchase). Generally speaking, in Canada the purchaser of the property pays for the title insurance, though there can be situations where the seller pays for it. Some policies automatically cover both the purchaser and lender; others will cover both for a small additional fee

Protection and Peace of Mind

Title insurance can help ensure that a closing is not delayed due to defects in title. And, if an issue relating to title arises with respect to a risk covered under the policy, the title insurance covers the legal fees and expenses associated with defending the insured's title and pays in the event of loss.

 

Have Questions?

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Call Luke:647-209-8367

   

Call Eunice:647-746-1004

   

416-443-0300

   
Before I became a Real Estate Agent, I worked in both private and public sectors for many years. I have developed strong negotiating and sales skills that became my foundation for my Real Estate business.  As a Sales Representative, I use my professional past experience to help my clients achieve their goal when they finally decide to begin their journey into buying, selling or investing in Real Estate. 
 
When you entrust me as your Real Estate Agent, I will work in your best interestest, so let's begin the journey together.
 

Education: Computer Science in Software Engineering, the University of Toronto
Work: The Fields Institute for Research in Mathematical Sciences, the University of Toronto
Area Covered: GTA, Halton, York, Mississauga, Hamilton, Ajax, Whitby, Oshawa, other Ontario regions.
 
 


Designation: Honours BSc.

Education: Computer Science in Software Engineering, the University of Toronto

Area Covered: GTA, Halton, York, Mississauga, Hamilton, Ajax, Whitby, Oshawa

Languages Spoken: English, Korean