When purchasing, transferring, or donating an immovable property, the assistance of a Notary is required to ensure a clear property title. We complete numerous steps and verifications, including the signing of the deed of hypothec, deed of sale/transfer/donation, tax adjustments, transfer duties calculations, trust accounting, title verifications and mortgage reimbursements.
When refinancing your property, the services of a Notary are required to register your new mortgage, pay off the existing one and obtain a discharge. The new lender also requires the Notary to perform numerous verifications, including confirming that you have a clear title to your property and that all your property taxes are paid up to date.
Once your mortgage or line of credit is paid off, the guarantee, also referred to as lien, given to the lender, must be removed. The lender does not automatically remove the guarantee once your loan is paid off. It is up to the owner of the property to have the lien removed. Once the mortgage discharge process is complete, you will have a free and clear title to your home.