Lender can rely on title register when mortgage not fraudulent

A recent Divisional Court decision that found a mortgage was not a fraudulent instrument allowed the lender to rely upon the state of the title register which showed no prior mortgages — resulting in the court overturning a prior decision over which the original/previous lender had the ‘first mortgage’ on a property, Toronto real estate lawyer Lisa Laredo tells Law Times.

The full article can be found at http://www.advocatedaily.com/lisa-laredo-lender-can-rely-on-title-register-when-mortgage-not-fraudulent.html

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