by Martin Rumack | Sep 12, 2016 | Legal Issues
Those of you who have mortgages may know that the federal Interest Act contains a section that expressly governs post-default mortgage interest rates. Specifically, Section 8 of that act prohibits a lender from imposing a “fine, a penalty or a rate of interest” that...
by Martin Rumack | Aug 31, 2016 | Advice for Agents, Featured, Legal Issues
I am often asked by sellers to advise how much (or how little) information they must provide to potential buyers. It’s never an easy answer. Although the time-honoured saying “buyer beware”’ still holds, in law the seller has a legal obligation to disclose what...
by Martin Rumack | Jul 26, 2016 | Advice for Agents, Featured, Legal Issues
At its essence, an assignment of an Agreement of Purchase and Sale – informally known as “flipping a home” – is a simple concept: A buyer of a new home allows someone else to take over the purchase contract, which allows that person to buy the home. More specifically,...
by Martin Rumack | Apr 26, 2016 | Columnists, Featured
By definition, real estate professionals are on the front line of the home-buying process with their clients. They are called upon to explain the process, to find them the right home and then – alongside the involved lawyers – to help shepherd them through the actual...
by Martin Rumack | Nov 16, 2015 | Featured, Legal Issues
An owner of a condominium unit may feel secure in the knowledge that he owns title to his little piece of the building and can do as he wishes, subject to certain reasonable rules and general constraints on use and behaviour that apply to all owners, and which are...
