Marty's Musings | Law Firm of Martin K.I. Rumack

Assigning an Agreement of Purchase and Sale

February 21, 2017
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What is an Assignment of an Agreement of Purchase and sale?

At its essence, an Assignment of an Agreement of Purchase and Sale – informally known as “flipping a home” – is a simple concept:  A buyer (Assignor) of a new home sells to a third party (Assignee) the right […]

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Verbal Mention of Sloping Kitchen Floor Not Enough – Negligent Home Inspector Ordered to Pay $19K to Buyer

February 21, 2017
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An Ontario case called Rimmer v. Building Insights Inc. probably gives some comfort to potential buyers – but it probably keeps home inspectors awake at night.  It features a home inspector who was ordered to pay almost $19,000 to a buyer who hired him, all because he reported […]

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Mortgage Qualification Changes… Are Here!!!

February 21, 2017
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As you are probably aware, the Federal Government has recently announced a significant change concerning guidelines for borrowers of high-ratio mortgages; i.e., a borrower having a deposit of less than 20% of the purchase price of a home.

 

As […]

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On Nudists, Convicts and Ghosts – How Much Must a Seller Disclose to a Buyer?

February 21, 2017
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On Nudists, Convicts and Ghosts – How Much Must a Seller Disclose to a Buyer?

I am often asked by sellers to advise as to how much (or how little) information they must provide to potential buyers.   It’s never an easy answer:  Although the time-honoured […]

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