Historically, when real property was being bought and sold the doctrine of caveat emptor or “let the buyer beware” controlled. Under this doctrine, it was the buyer’s sole responsibility to determine ...

SANTA ANA, Calif.--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, ...

One of my clients approached a real estate agent last month to list a Toronto house for sale. The agent incorrectly advised my client “any latent defects have to be disclosed” and refused to accept ...

Cracked pipes inside the wall and faulty electrical wirings are common examples of latent defects in a residential property. To explain, latent defects are deficiencies that are not seen or easily ...

—The market shift toward more purchase mortgages, coupled with rising rates and tight inventory, is generating the consistent upward trend in defect risk, says Chief Economist Mark Fleming— “Following ...