Buying or selling property can be stressful. Many times when this transaction is taking place, people don’t see the importance of reaching out to a real estate lawyer. There is a common misconception that they can only help in buying or selling property. MB Property Law provides a wide range of real estate legal services. You might find yourself wondering when should you reach out to a real estate lawyer? Following are some of the instances you should reach out to them.
Mortgage Refinancing
Taking a mortgage is a daunting step. It can be very stressful to consider refinancing. It is a good idea to hire a real estate lawyer to guide you through the process of mortgage refinancing. There is a common misconception that refinancing is simple, there are times when it is not. When you have a lawyer by your side, they will help you to pay out the other credit card bills, consumer proposals and other lines which can impact the title. As the lenders have their own lawyers by their side, you must have your lawyer by your side who has your best interest in mind. There have been instances when the bank has offered the client a refinancing option through the internal legal departments. Though this might sound like an attractive offer, your file won’t be treated as a priority by the department. Having a lawyer by your side will help you to get through the process in good time.
Transfer of Title
When there is the transfer of title involved you need a lawyer who has experience in carrying out such cases. The transfer should always be carried out by a qualified real estate lawyer. It is imperative as it will help to ensure the accurate change of ownership on the documentation while ensuring that the family law act rights are preserved through the process. Due to financial reasons, the mortgage lender might require a little transfer. It is up to the client whether they want to add or remove the individual from the title for estate planning.
HST Rebates
Buying the first house can bring about a wave of different emotions. As excited as you might be, you might be confused about some things. One of the things you might find yourself confused about is whether you would be eligible for some refund under the new housing HST rebate. The guidelines can be a bit complicated to understand. Consulting a lawyer at this step will help you to understand the regulations and whether you are ineligible or not. If you have already bought the house, the lawyers will help you fill out all the required forms.
Business Incorporation
Incorporating a business is a complex process. Various things need to be considered and kept in mind before the incorporation can be finalized. Having a lawyer by your side can make this process to be efficient and easier. They will ensure that all the requirements are met, and the process goes as smoothly as possible.
