Anderson Haak & Engels
102, 9811-34 Avenue T6E 5X9 Edmonton, AB, Canada

We hope everyone has a wonderful Christmas! While it may be different we hope everyone is able to make wonderful new traditions. Our office will be closed from December 24 (at noon) to January 4th. Happy Holidays everyone! #yeg #yegrealestate #realestate #realestatelaw #albertarealestatelawyers

JOINT TENANCY vs. TENANCY IN COMMON Joint Tenancy and Tenancy in Common are two different ways that people can hold Title on a Property. In Joint Tenancy the people on the title hold the entire title together. All Title holders would have to agree to sell or refinance together and also if one person from the Title passes away the Title will be adjusted so the property is still in the name of those who are on Title. The survivor takes the Property. If there a Tenancy in Common, then each Title holder has an individual share in the Property that they can sell or refinance on their own and the other people on Title will remain on title. Also, in a Tenancy in Common, if one person passes away their share will go into their estate and not to the other Title holders

Adjustments We adjust all costs before the transaction closes. With every purchase of a home there are ongoing expenses that are required during the sale process. Anderson Haak & Engels will adjust the final dollar amount that is due on the possession date based on those expenses. The best place to look for adjustments that will be made is on your purchaser contract. One example of an adjustment is property taxes, if the seller has already paid the year of taxes, they will receive a credit from the purchaser. If you have any questions about adjustments, please call us at 780-413-1763

Land Title Transfer Fees are the fees the Government of Alberta charges to register a transfer or a mortgage. In Alberta, the fee is paid by the buyer and is based on the value of the house. The higher the value, the higher the fee. The Provinnce increased the fees charged substantially at the beginning of 2020 so, for example, the fees this year for a $300,000 house is $175 and the fee for a $250,000 mortgage is $125.

What is the role of a lawyer in a real estate transaction? Lawyers main job is to protect your legal rights throughout your process of selling or purchasing the property. The lawyers at Anderson Haak & Engels will review the legal documents to make sure you get what you bargained for. Before signing any important documents we will be happy to look over the Contract if asked because once you sign it becomes legally binding and there are elements of the contract that may imp...act you in the future. Once your offer has been accepted, your lawyer will make sure that that the person selling the property is the registered owner as well as make sure that there are no liens, unpaid taxes, go over the RPR or anything else that may negatively impact the real estate transaction. If there are any of these situations, we will provide the best way to ensure that there is clean transfers of titles. #yeg #realestate #albertarealestatelawyers

REAL ESTATE LAW IS ALL THAT WE DO We have the experience and knowledge to ensure that you have the smoothest transaction. Have questions about our process or fees? Thinking of buying/selling and want more information before you begin your process? ... Call us at 780-413-1763

Happy Father’s Day to all the Dads! We hope everyone has a great day and feel appreciated! #happyfathersday #realestate #albertarealestatelawyers #yegrealestate

an encumbrance is an umbrella term of financial and non-financial claims onto one’s property which can limit a home owners control of their own property. Have a question? Call us at 780-413-1763 #albertarealestatelawyers #realestateedmonton #realestate #law

: Can I send a contract to your office before conditions have been removed? - Answer: Yes. We would actually prefer to receive the contract before the conditions get removed so we can prepare for your file. If it doesn’t go through and we have not done any work you will not be charged sending your contract over. Have a question? Call us at 780-413-1763... ******************************************* #yeg #realestate #alberta See more

From the legal perspective: Did you know that you do not have to wait until the end of your mortgage term to Refinance. Call 780-413-1763 if you have any questions.

One of the biggest questions we get asked is if we can close a Real Estate transaction within a week. And the answer is yes we can (because we do a lot of them). IF you have mortgage we will need you mortgage documents before we can start working on your file. More questions? Call us at 780-413-1763 and we would be more than happy to talk about the selling/purchasing process with us. #yeg #realestate #toplawfirm

Happy Mother’s Day!! We hope every mother is enjoying today and feel appreciated. Thank you for everything you do. #mothersday

We have received many inquires in these uncertain times from people about making sure their personal affairs are in order. So, we want to remind everyone that if they have not updated their Wills, Power of Attorneys, or Personal Care Directives, we can help. Updating these documents, if needed, will make sure that if anything would happen that you and your family are prepared and taken care of. If the documents do not require updating, we will be happy to let you know that a...s well. In order to help out in these times, we have adopted a process where we can deal with these issues online. We have created different questionnaires to help you update your affairs. When you are ready to give us the instructions from the questionnaire we can receive them by email or phone and then we will draft and share the documents online and even sign virtually if needed. As well, our office is open and if you feel comfortable you can come in and talk about your affairs. We have adopted safety procedures for everyone who enters our office. When you first walk in there will be hand sanitizer at the receptionist desk and in each of the signing offices. As well, we sanitize each office before and after each appointment and practice social distancing. So, if you are thinking that you need to look at these things, we are here to help as best as we can.

Hello Everyone. Below is a list of mortgage lenders and the contact information that has been provided. If you are looking for contact information for your mort...gage provider, please scroll through the list below. Please stay healthy & be kind to one another. We are all in this together. Feel free to copy this post and send in an email or post to your own facebook pages. ATB 1-800-332-8383 B2B 1 800 263 8349 BMO 1-877-895-3278 Bridgewater 1-866-243-4301 CIBC 1-800-465-2422 CMLS 1-888-995-2657 Optimum 1-866-441-3775 Equitable 1-888-334-3313 Connect First 403-736-4000 Chinook Financial 403-934-3358 First Calgary Financial 403-736-4000 First National 1-888-488-0794 Haventree 1-855-272-0051 Home Trust 1-855-270-3630 HSBC 1-888-310-4722 ICICI 1-888-424-2422 Manulife 1-877-765-2265 MCAP 1-800-265-2624 Merix 1-877-637-4911 Marathon 1-855-503-6060 RBC 1-866-809-5800 RFA 1-877-416-7873 RMG 1-866-809-5800 Scotia 1-800-472-6842 Servus 1-877-378-8728 Street Capital 1-866-683-8090 TD 1-866-222-3456 ATB 1-800-332-8383 Servus CU 1-877-378-8728 Stay strong

If you have any questions please do not hesitate to contact us. 780-413-1763

Thank you to all the strong and empowering women who make Anderson Haak & Engels so successful! We would be lost without you! Happy Women’s International Day!