Title Transfer File (BC)

Title Transfer File (BC)

A Title Transfer file helps you manage and track transactions where ownership is being transferred. To get started, click on +File on the main screen and select "Title Transfer" as the deal type. After entering your file number, you can click Create File to open your file. 



This file type is configured as a regular purchase file with a few key differences:
  1. Throughout the file, references to buyers and sellers have been changed to transferees and transferors
  2. The purchaser and vendor adjustment screens under the Financial section have been removed
  3. Discharge and payout documents are available for existing mortgages added to the file


On the Contract screen, fields not applicable to this transaction type have been removed, and "Purchase Price" has been renamed to "Market Value". The consideration amount for the property defaults to $1.00, but this can be changed if needed. After entering the transferee's information in your file including the PTT exemption claimed, you'll see the exemption amount updated on this screen. Apart from this, all integrations and features are still available in the file including title searches, LOTR and web filing, importing mortgage instructions through the Inbox and RenAI, and title insurance if applicable.


Documents

The following document packages are available in a title transfer file. The documents in these packages are standard LDD documents that have been reconfigured for title transfers. In both the reference lines and the body of the document, references to buyers and sellers have been changed to transferees and transferors, and "title transfer" is used in place of purchase and sale. 

Title Transfer - Initial Searches and Info Gathering

  1. Request Strata Form B and Form F
  2. Request Insurance Binder / Certificate - Title Transfer
  3. Request Mortgage Discharge Statement - Title Transfer
  4. Request Mortgage Discharge Statement - Private Mortgage
  5. Undertaking to Strata for Fees - Title Transfer

Title Transfer - For Transferee's Execution

  1. Charges Waiver Form - Title Transfer
  2. Attestation for Verification of Identity
  3. Statutory Declaration Re: SIN - Title Transfer
  4. PTT Waiver - Title Transfer
  5. Statutory Declaration Re: Prohibition of Purchase by Non-Canadians - Title Transfer
  6. Acknowledgment of Legal Representation
  7. Statutory Declaration Re-Owner Occupied and No Secondary Financing - Title Transfer
  8. Acknowledgment of Receipt of Mortgage Terms
  9. Lender Order to Pay – Detailed Mortgage Advance
  10. Account to Client
  11. Order to Pay - Title Transfer

Title Transfer - Closing Day

  1. In/Out Trust Reconciliation - Alternate Format - Title Transfer
  2. Receipt Acknowledgment from Charge Holder - Payout - Title Transfer
  3. Mortgagee - Letter Enclosing Payout
  4. Report to Transferee on Completion
  5. Fire Insurance Invoice Payment - Title Transfer
  6. Strata Corp - Letter Enclosing Fee for Certificate - Title Transfer

Title Transfer - Final Reports and STC

  1. Final Report to Lender NO STC - Mortgage - Title Transfer
  2. Final Report to Lender STC Enclosed
  3. Final Report to Transferee - STC Enclosed - Title Transfer

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      Related Categories
      Billing, Accounting Integrations, Admin Functions & Reports

      File Creation, Document Creation, and other general topics

      Province-specific information for AB clients

      Province-specific information for BC clients

      Province-specific information for MB clients

      Province-specific information for ON clients

      Province-specific information for NS clients

      Province-specific information for SK clients

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