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Appeal decision shows eligibility for new housing rebate is relative

Wednesday, April 25, 2018 @ 8:58 AM | By Ray Mikkola

Experienced real estate lending lawyers know that some lenders require a person who might otherwise be a guarantor of a mortgage to go on title to become a mortgagor, even where the person acquires a very small ownership interest in the property. The reasons for this requirement are internal to the lender, and may be driven by credit policies, income requirements on owners, or the unwillingness of a lender to rely on their own guarantee documents despite their typically very broad terms.

These title requirements in...