Land Titles Lag Affecting Clients, Lawyers And Lenders. Carl Bosecke Interviewed On CBC.
A pain for lawyers and lenders
Carl Bösecke, a partner at Bösecke Law in Edmonton, said his firm often handles deals for people flipping homes. Those clients end up reselling homes before the title is registered in their names, he said.
“It becomes really complicated for new lenders to track all of the transactions that are not registered and then we spend a lot of time with title insurance companies, trying to explain to the people in Ontario why we’re having so many problems in Alberta,” he said.
Bösecke said in some cases, lenders have…
Read the full article on CBC News here.