Title Search - What's there? Can we share?

[JulyB]

A 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.

[JulyB]

Thank you, Patihfinder369.

I don't thing there is anyone who wish to share information with the potential competitors on the same piece of land, especially when one has to pay for it.  This just cam to my mind after I had posted the share 'request'.