Navneet   Bhasin

Navneet Bhasin

REALTOR®

eXp Realty, Brokerage *

Mobile:
905-872-2682
Email Me
Navneet   Bhasin

Navneet Bhasin

REALTOR®

eXp Realty, Brokerage *

Mobile:
905-872-2682
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.

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Top 50 Canadian Agent Badge for Navneet Singh Bhasin by
Rate-My-Agent.com Navneet Singh Bhasin, Top Rated Brampton Real Estate
AgentTop Rated Brampton Real Estate Agent Badge for Navneet
Singh Bhasin by Rate-My-Agent.com Top Rated Brampton Real Estate Agent Badge for Navneet
Singh Bhasin by Rate-My-Agent.com 

Best Real Estate Agents in Brampton - Navneet Bhasin 

Looking for a property in Brampton? Looks like you have landed on the correct place. Team Navneet has years of experience in real estate field and will help you find the property in Bramption. Our experience enables us to target the perfect property according to your needs. So worry not!
 
Each client is unique and we know that, so we cater to their needs differently. Our Best Real Estate Agent in Brampton undertakes each task only after a thorough discussion with the client. All our real estate services are extremely transparent and affordable. Clients are guaranteed receives the service for which he is paying and much more.
 
Finding a great deal for any property can be a hassle in the busy town of Brampton. Be it selling your property or buying a perfect new one. Team Navneet is here to assist you on each step you take. All you have to do is give us a call and we'll be at your aid.
 
With an experience of more than 10 years, team Navneet has found happy homes for more than a 100 families. We have made a mark on Brampton's GTA real estate market. So come with us and buy your own happy home in the most exquisite locations across Brampton.
 
We have a strong work ethic and obsession with personal service. We always offer you something more than your expectation. We believe in costumer’s satisfaction. We strive to crack the best deal possible.
 
We also offer free consultation. So what are you waiting for?
 

Some Advantages of Our service.

We are sure you may find many real estate brokers across Brampton but not everyone offers services like us. Here is a list of some of the special services we offer

Time Bound Service: If you want to buy or sell a property in a limited time, we may be of great help. Due to our experience and connections throughout the town we are sure to find you a potential client or property.

Budget Friendly: All our charges are according to the services we provide. We believe in helping our clients more than making money. We also offer competitive packages.

Complete Service: We just need the client to tell us his needs. The rest is our responsibility. We take charge of everything from finding a client or property to the last paper work and contract details. All our services are full proof.

Happy Costumers: We take utmost pride in saying that we have 100% consumer satisfaction. We have a long list of happy clients and we plan on adding your name to that list too.

Get in touch with us as soon as you can. Our services are also offered online now, we are just a few clicks away. Remember your dream home awaits you!

 

Why is Team Nav the best real estate agent Brampton?

Top 50 Canadian Agent Badge for Navneet Singh Bhasin by
Rate-My-Agent.com Top Rated Brampton Real Estate Agent Badge for Navneet
Singh Bhasin by Rate-My-Agent.com Top Rated Brampton Real Estate Agent Badge for Navneet
Singh Bhasin by Rate-My-Agent.com Navneet Singh Bhasin, Top Rated Brampton Real Estate
Agent

As the best real estate agent in Brampton, I am happy to have helped 100+ families find their dream homes in the most beautiful places in Brampton and Mississauga. 
 
Team Nav, your home navigator prides to be focussed on client needs which is upfront, personable, and professional. We have a strong work ethic, obsessed with personal service and totally committed to meet your needs.
 
 
 

 

Why Team Nav is a Low commission real estate agent?

 

As a low commision real estate agent, I take only Low Commission and you will Get Best Results and Excellent Service

I have helped numerous families in selling their dream homes in Brampton,Mississauga and adjoining areas to get maximum price for their home without any hassles.

I am strongly against using any "sales script". In fact, I prefer to work together only if we get along well. During the deals, you will never feel pressured even for a single moment.

I strive to offer you excellent customer service. I am open to accommodate myself within the client's best interests.

I am offering low commission services as a low commission real estate agent in the region,  it doesn't mean that I am cutting corners in the marketing, feel free to ask how do I market the properties?

 

Accomplishments by the Navneet Top realtor Brampton, Mississauga

Homelife International Conference 2018; Pinnacle Club Award, Top 5% Sales Representative in Canada 

Homelife/Miracle Realty Ltd., Chairman Club Award 2018

Homelife International Conference 2017; Pinnacle Club Award, Top 5% Sales Representative in Canada 

Homelife/Miracle Realty Ltd., Chairman Award 2017

Homelife International Conference 2016; Chairman Club Award

Homelife/Miracle Realty Ltd., Chairman Award 2016

Homelife International Conference 2015; Platinum Club Award

Homelife/Miracle Realty Ltd., Platinum Award 2015 



Education: Real Estate Broker

Specialty: Homes, Condos, Investment, First Time Buyer, Commercial

Area Covered: GTA, Peel, Halton, Kitchener and Waterloo

Languages Spoken: English, Hindi, Punjabi, Urdu