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Vancouver Property Lines: How much of your property do you really own?

Vancouver Property Lines

Do you notice anything suspicious about the property lines in relation to the houses in this pic from the City of Vancouver's geo-map program Van Map? Yes, most of those houses encroach onto either city property or their neighbours property. Now the city does give a disclaimer not to trust these lines from Van Map, but I bet they are pretty darn close. Buying an older home, especially in Kitsilano? Be sure to get a survey so that you are aware, or title insurance to protect yourself from liabilites that could result from any possible encroachments like these.

Matthew Collinge: Vancouver REALTOR®

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Posted: Monday, May 26, 2008 10:28 AM by Matthew Collinge

Comments

Larry said:

Excellent point Matthew.

A good thing to add to the 'honey-do' list of information we provide to the respective parties in any list/buy situation.

As an aside, I like the North Van maps as they show the water flows down the streets.  You'll know if you will be flooded before it rains.  

Also their picture quality is a lot higher.  Strange that Vancouver didn't go that route.  W

# May 27, 2008 6:26 AM

Matthew Collinge said:

Water flows? That is great! I'll have to check that out. Did you notice that Google's sat. pics. of Vancouver got a lot better recently.

Now off to meet with a client.

# May 27, 2008 9:20 AM

Mike said:

NEW YORK (CNNMoney.com) -- A good credit score doesn't mean you can't end up in foreclosure.

Many now troubled borrowers had excellent credit when they got their mortgages. But they took out loans that they couldn't afford to buy homes that WERE TOO EXPENSIVE. Credit scores alone are no guarantee that borrowers will be able to keep up with their payments.

In September 2007, the most recent month for which data is available, more than 20% of mortgage borrowers with nearly perfect scores of between 840 and 850 were 60 days or more delinquent, according to First American LoanPerformance. That default rate was roughly equal to that of borrowers with much lower scores, in the 540 to 599 range.

Open the link please:

http://www.greaterfool.ca/2008/04/28/the-canadian-subprimes/

# May 30, 2008 9:23 AM
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