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JulyB

friend of mine is a real estate agent and showed me an electronic land registry record (Teranet) of a property in GTA.  It showed



1. The PIN

2. Assessment roll #

3. Address (sometimes not available)

4. Area size

5. Perimeter

6. Legal description

7. The name of current owner

8. Date the owner bought, and

9. The price at that time



I did not do any title search (other than those) before, what is the format (data) you guys get?  As the record I have shows no lien nor mortgage information, I wonder if it is good enough or not.



Moreover, if any one of us bought a title search (most likely it is for the current tax sale), is it possible to share it within this group?  Will that comply the copy right issue? As we are a group, just like a team of people sharing the same report in a company, I think we can.  We can take turn to buy and borrow.  What do you think?



Patihfinder369

What you have there is a GEOwarehouse search. It gives you information about the property from the land registry office and the assessment office.



To get lien and mortgage information , you need to do a full property search through Teranet or the local registry office.



The cost for a search through Teranet is about $25 and the cost through the local registry office is about $9.00.  The benefit to Teranet is that you can search all across Ontario and the local office is just that local.



As to whether it is good enough. I would suggest you get as much info as you can. You cant go wrong with it.

Does it comply with copy right information? - The information from Teranet or the local registry is public information so there is no issue.










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