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Foreclosure Deed Template for Canada

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Key Requirements PROMPT example:

Foreclosure Deed

"I need a Foreclosure Deed for a commercial property in Ontario, Canada, where the mortgagor defaulted on a multi-unit retail complex, with existing tenants whose rights need to be preserved, and the transfer needs to be completed by March 15, 2025."

Document background
The Foreclosure Deed is a crucial document in Canadian real estate law, used when a property owner defaults on their mortgage obligations and legal proceedings have resulted in a foreclosure order. This document becomes necessary after the mortgagee has obtained a final order of foreclosure from the court and the redemption period has expired. The deed serves as the official instrument transferring legal title and must comply with provincial land registration requirements, property transfer laws, and court procedures. It includes essential details such as property description, reference to the court order, and particulars of the foreclosure proceedings. The document is particularly important in provinces where judicial foreclosure is the primary method of mortgage enforcement, and it must be properly registered with the appropriate land registry office to complete the transfer of ownership.
Suggested Sections

1. Title and Date: Formal title of the document as a Foreclosure Deed and date of execution

2. Parties: Identification of all parties: the grantor (usually the court officer or authorized person executing the deed), the defaulting mortgagor, and the grantee (either the foreclosing lender or purchaser)

3. Recitals: Background information including the original mortgage details, default occurrence, and court proceedings leading to foreclosure

4. Reference to Court Order: Details of the foreclosure order including court reference number, date, and presiding judge

5. Property Description: Legal description of the foreclosed property, including street address, lot number, and detailed boundary description

6. Conveyance Clause: Formal language transferring title from mortgagor to grantee

7. Title Warranties: Statements regarding the status of the title being conveyed

8. Execution: Formal execution clause and signature blocks

9. Acknowledgment: Notarial acknowledgment or other required certification

Optional Sections

1. Personal Property: Section describing any personal property included in the foreclosure, used when fixtures or other personal property are part of the foreclosure

2. Redemption Rights: Statement regarding any remaining redemption rights, included if required by provincial law or if redemption period hasn't expired

3. Tax Provisions: Specific clauses regarding property tax obligations and adjustments, included when tax matters need to be addressed

4. Tenant Rights: Section addressing existing tenant rights and leases, included when the property has tenants

5. Environmental Provisions: Statements regarding environmental conditions or liabilities, included when environmental issues are present

6. Assignment of Rents: Transfer of right to collect rents, included for income-producing properties

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description of the property including surveys and plans

2. Schedule B - Court Order: Copy of the foreclosure order and related court documents

3. Schedule C - Title Search: Results of title search showing the chain of title and any encumbrances

4. Schedule D - Tax Certificate: Current tax certificate showing status of property taxes

5. Schedule E - Permitted Encumbrances: List of any permitted encumbrances that will survive the foreclosure

6. Appendix 1 - Property Photographs: Recent photographs of the property for identification purposes

7. Appendix 2 - Survey Plan: Current survey plan of the property if available

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































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Relevant Industries

Banking & Financial Services

Real Estate

Legal Services

Property Management

Insurance

Mortgage Lending

Property Development

Public Sector - Land Registry

Construction & Development

Relevant Teams

Legal

Real Estate Operations

Mortgage Services

Risk Management

Property Administration

Compliance

Credit Administration

Document Management

Title Services

Asset Management

Relevant Roles

Real Estate Lawyer

Mortgage Officer

Property Manager

Title Officer

Legal Counsel

Real Estate Manager

Foreclosure Specialist

Credit Risk Manager

Real Estate Administrator

Corporate Counsel

Loan Officer

Real Estate Paralegal

Property Administrator

Court Officer

Compliance Officer

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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