What Tony did not know that day was that lurking in the bowels of the "purchase" was a title problem. The Vendors of the property Tony's clients were buying, years ago had paid off their mortgage with Central Guaranty trust. They remember receiving a Discharge of the mortgage but never got around to actually registering it. Over the years the signed Discharge was lost.

The Vendors always figured that when they sold the property they could call Central Guaranty and get another signed copy of the Discharge. What they did not count on was that Central Guaranty is no longer in existence, having long ago been sold. Shortly after receiving the two files, we called Tony and the clients to explain to them the problem involving the undischarged old mortgage. The only way to get that mortgage off title is to obtain a court order. Because of the time needed to do that, ordinarily, there was no way their deal could close on time. The clients were worried because they had committed to sell their existing home. If the purchase would not close on time, where would they live?

We told everyone to relax. Because we, at Korman & Associates (The Deal Savers!) always recommend a policy of Title Insurance from First Canadian Title on every purchase transaction, we said there might be a way to solve the problem. It turned out that while the vendors did not have the signed mortgage discharge, they did have evidence of the mortgage being paid off through their banking records. We were successful in obtaining coverage and were able to get the deals closed on time, allowing the vendor's lawyer time after the closing to fix the problem.
Tony thought his lucky day was the day he finalized the double-ender. In the end, he realized that his lucky day was the day he recommended Korman & Associates (The Deal Savers'.) to his clients.