Quick Tip + COVID-19 Update
COVID-19 continues to create timing havoc with real estate deals.
Everything, at every level, seems to take longer.
This is partly because almost everyone is working from home which means instructions get mis-routed, couriers are needed for almost everything, and delay is the order of the day.
Just give yourselves more time for anything. Coach your clients the same way.
Now for a quick tip: Some of you might know this but for those who don't, did you know you can look on the Land Titles Website, Spin II, and find out whether something is being registered against a particular property?
We call it searching the 'Queue'.
Documents received by Land Titles are immediately placed in the registration queue and then registered in the same order that they were received.
It can be very important for you to know whether and what documents have actually been submitted to Land Titles for registration. For instance,
- If your client is buying a new condo, registration has to occur before funds can be released. You can't close on a new condo with title insurance or doing a protocol closing.
- Or perhaps you have a delayed deal and promises from other parties that, "we should have registration soon". As they say, trust but verify.
- Maybe there is concern about a Builders Lien?
There are lots of reasons that you might want to search the 'queue'. This free search of DRR's (Document Registration Requests) will tell you who submitted what documents on what day. It can be very helpful.
Here's how you do it.
Click here to 'Search DRR'. You'll need the PBL (choose this at the top left), which is Plan, Block, Lot or Unit.
You won't need this very often but when you do, so helpful.
Cheers,
Barry
