by REM Editorial Team | Nov 16, 2010 | Advice for Agents, Legal Issues
In a recent case, after a real estate deal failed to close, the vendor took legal action against the would-be purchaser. The vendor resided in the U.S. and hired a local Ontario lawyer to complete the sale of a property. The vendor’s lawyer was to be away on the...
by REM Editorial Team | Oct 12, 2010 | Advice for Agents, Legal Issues
By Donald Lapowich Here’s a quick summary of three recent legal cases: A school board agreed to sell land to S, who intended to develop the parcel of land. The Agreement of Sale was conditional on the school board obtaining a severance before the closing date. The...
by REM Editorial Team | Aug 24, 2010 | Advice for Agents, Legal Issues
A plaintiff co-owned an undeveloped lot with her sister. The defendant was the owner of the adjacent lot. The defendant built a large pond on both lots without permission, claiming he was unaware of the boundary line. He produced a survey that showed one big lot. But...
by REM Editorial Team | Jul 29, 2010 | Advice for Agents, Legal Issues
A property was registered in the name of M. L had wanted to buy the property but she did not qualify for a mortgage. M assisted her through a mortgage broker and L lived in the property, making the monthly mortgage payments and all other costs to maintain the...
by REM Editorial Team | Jul 2, 2010 | Advice for Agents, Legal Issues
By Donald H. Lapowich In a recent case, the plaintiff purchased a home from the defendants, who had signed a Seller Property Information Statement, disclosing that the northwest corner of the house had settled with no further problems for 17 years. The defendants...
by REM Editorial Team | Jun 18, 2010 | Advice for Agents, Featured, Legal Issues
By Mark Weisleder Most real estate offers are conditional on two main terms: 1) The buyer obtaining the necessary financing to complete the purchase; and 2) The buyer being satisfied with the results of a home inspection report, completed by a professional home...
