california real estate
california real estate with

california real estate

Law Meet

Search the Web
real estate listing
california real estate
colorado real estate
commercial real estate
florida real estate
for sale
homes for sale

The Best california real estate website

All the california real estate information you need to know about is right here. Presented and researched by We've searched the information super highway far and wide to provide you with the best california real estate site on the internet today. The links below will assist you in your efforts to find the information that you are looking for about
california real estate, this web site also contains detailed information about mesothelioma diagnosis, mesothelioma treatment, clinical trials, and medical breakthroughs. You will also find useful resources such as lists of physicians and medical centers, as well as Lipitor, Asbestos and Vioxx.

california real estate
california real estate, , california real estate, , california real estate,

california real estate
colorado real estate
commercial real estate
florida real estate
for sale
homes for sale
real estate agent
real estate agents
real estate broker
real estate brokers
real estate development
real estate for sale
real estate investment
real estate listing

Your Rights When Investing In A Mortgage

 by: News Canada

(NC)-Investing money in a private mortgage for attractive returns has its merits and its risks. This type of investment is one in which a person lends money to a borrower who pledges real estate as security for the loan. These types of mortgage investments may be arranged through a Mortgage Broker.

All Mortgage Brokers in the province of Ontario are required to be registered with the Financial Services Commission of Ontario (FSCO), an agency of the Ministry of Finance.

Do business only with a licensed Mortgage Broker. Confirm that the broker you are dealing with is qualified and registered by visiting FSCO's website:, or by calling (416) 226-7776.

Mortgage Brokers must give you full information

Mortgage Brokers are required to provide each prospective investor with information in the form of an Investor/Lender Disclosure Statement, as well as supporting documents such as an appraisal and an Agreement of Purchase and Sale.

This information package must include:

  • a description of the property or project to be mortgaged;

  • the terms and conditions of the mortgage loan;

  • how the mortgage will be administered;

  • in case of mortgage syndications, terms of the syndications;

  • all prior claims on the property, such as other mortgages, liens or taxes owing;

  • information on the borrower, including ability to repay the loan;

  • any relationship or connection the broker has with the borrower and appraiser;

  • any interest the broker has in the property; and

  • the broker's fees for the transaction.

By law, the broker cannot accept money from you until 48 hours after you have received this specified information and have signed a commitment to fund the mortgage.

Do your homework

It took a long time to save the hard-earned money you want to invest, so it's wise to carefully review all documents before making any decisions. You are entitled to take at least 48 hours (not including Sundays and holidays) to review the investment documents. Read them carefully.

Consider the value of the real estate. The Mortgage Broker must provide documentary evidence of the property's value, other than an Agreement of Purchase and Sale. This could include an appraisal.

Unlawful activity

Mortgage Brokers are prohibited from selling or arranging the sale of mortgages that are, or have been, in default within the past 12 months.

Mortgage Brokers cannot accept funds from you to hold for a future investment.

Risks to consider about mortgage investments

  • They are not insured by the Government of Ontario.

  • They cannot be guaranteed by the Mortgage Broker.

  • They may be difficult to resell quickly.

Mortgages can be high-risk investments. Consult your financial advisor to see if mortgage investments would be suitable for you.

Visit FSCO's website:, or call (416) 590-7298, or toll free, 1 (800) 668-0128 for a copy of its comprehensive guide to investing in mortgages.

About The Author

News Canada provides a wide selection of current, ready-to-use copyright free news stories and ideas for Television, Print, Radio, and the Web.

News Canada is a niche service in public relations, offering access to print, radio, television, and now the Internet media, with ready-to-use, editorial "fill" items. Monitoring and analysis are two more of our primary services. The service supplies access to the national media for marketers in the private, the public, and the not-for-profit sectors. Your corporate and product news, consumer tips and information are packaged in a variety of ready-to-use formats and are made available to every Canadian media organization including weekly and daily newspapers, cable and commercial television stations, radio stations, as well as the Web sites Canadians visit most often. Visit News Canada and learn more about the NC services.

RX Right! | Listen On The Net | Kids Meet | Broadcast On the Net | Take It Correctly

Listen On The Net   Xbox online games   MD News