Category: Mortgage

Do I Need a Power of Attorney?

By Peter Borszcz / Buyers, Mortgage, Powers of Attorney, Probate, Sellers /

Here in Kelowna there are several reasons an individual may require a Power of Attorney (POA) when preparing to sell his or her property A Power of Attorney is a legal documents that grants to a person (sometimes called the “Attorney”) the right to sell and dispose of the assets of the Donor (the person granting th...

Discharging your Mortgage

By Peter Borszcz / Financial Charges, Mortgage, Sellers /

For sellers the essential bargain in a real estate transaction is "I give you my house, free an clear, and you give me money"The "free and clear" part is key, it means that the Seller is giving the Buyer title free and clear of all financial encumbrances on title A financial encumbrance includes things like your mortga...