Welcome!

By registering with us, you'll be able to discuss, share and private message with other members of our community.

SignUp Now!

Search results

  1. S

    Liability Scenarios for Mother Cosigning For Sister

    Hi there I'm wondering if anyone can advise on any liability scenarios for my Mother cosigning a mortgage for my Sister. She doesn't understand the risks involved and frankly I don't either. Facts: Mother: Retired Earns 40k in pension Owns a house worth about 500k Plans to sell within a year...
  2. S

    First Time Seller With Water Damage

    Hi there, I have never owned or sold a house so I have some questions. My Mother is going to be selling the house that she bought new 50 years ago. If anyone has any ideas it would be greatly appreciated. The questions that I am most interested in are those that I have are underlined. 2 Part...
  3. S

    What do you guys think of this listing?

    Hi all I am wondering what your thoughts are on this listing? Someone I know is considering buying it. Any thoughts/red flags/questions to ask would be greatly appreciated. Especially having to do with a private sale. I should mention that they want to live in it, and maybe pick up a tenant...
  4. S

    3 Mortgage Renewal Fees Questions

    I have 3 questions: 1) Does a mortgage renewal with the same bank at the end of its term, NOT incur any of the following fees for renewal: municipal tax admin fee current document execution fee current discharge admin fee current transfer/assignment fee current registry office discharge...
  5. S

    My Mom needs help with Mortgage Renewal/Debt Repayment Plan

    Hi everyone, INTRO: I am trying to help my Mother with her mortgage renewal, and I’m wondering if anyone may be able to help me, as I am not very experienced with this stuff. FACTS: First of all she is almost 70 years old, lives alone. I’d say there is a 50% chance that within the next 2...
  6. S

    Should Mom sell house? Or rent it?

    Hi there my Mother is trying to make a real estate decision and is looking for advice. She is getting a bit old at 70, and is having some trouble keeping up with an older house of 40 years. She has some debt to pay off around 40k mortgage and 20k low interest cc debt. No savings but has a...
  7. S

    Can A Landlord in Ontario serve a N5 or N7 by email?

    I dont see it listed here: site: http://www.ltb.gov.on.ca/stdprodconsume/groups/csc/_ltb/_forms/documents/resourcelist/stel02_111630.pdf How to give this notice to the tenant... There are many ways that you can give this notice to the tenant. You can: hand it directly to the tenant or...
  8. S

    Tenant Guest Causing Damage

    Hi there, my mother is renting out her basement apartment to an older lady in Ontario. The older lady has a son who recently 1) Caused significant damage to the basement by punching holes in the wall, which haven't been repaired for a month. 2) Physically assaulted his girlfriend on this...
  9. S

    Property Damage by Tenant`s Guest - Please Advise!!!

    Hi there My Mother's basement apartment tenant had her son sleep over last night in Ontario. He was drunk and caused much damage knocking down doors and punching holes in walls. He has been put in jail for the time being. We have never handled this before. What next steps should my mother...
  10. S

    Mother Renting Out Basement For First Time

    Hi there In the past I have mentioned my Mother has significant debt, and your answers have all been very helpful to her. Now she has decided that she would like to rent out her basement to help pay this down. I have found a seemingly nice 50 year old widow that would like to rent out my...
  11. S

    Please Help Me Help My Mom - Repaying Debt Question

    Hi All This might be a pretty basic question but I'm not very experienced with this stuff, and I always see quality posts in this forum so here goes.. I'm trying to advise my Mom on how to best pay her debts but I'm not sure how. If you can offer any advice or direction at all it would be...
  12. S

    Mother Needs Mortgage Advice - ASAP

    Hi there, I don't know much about Real Estate but my mother asked me for advice today. She has about a 60k Scotia Bank mortgage at 2.64% that needs to be renewed in June 2012. They called her today and, for the next 2 days only, offered her a deal to renew it now for either: 3 years at...
Top Bottom