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 legal home-buying […]
Marty's Musings | Law Firm of Martin K.I. Rumack
Prohibited Interest Rate Can Include Not Merely a “Penalty”, But a “Discount” Too
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 has the effect […]
Legal Responsibilties of Real Estate Agents, 4th Edition Book Review in REM Magazine
As Published by REM Magazine – June 27th, 2016
Legal Responsibilities of Real Estate Agents, Fourth Edition
Rosemary Bocska and Martin K.I. Rumack – LexisNexis
This popular textbook by research lawyer Rosemary Bocska and Toronto lawyer and frequent REM contributor Martin Rumack is […]
Assigning an Agreement of Purchase and Sale (Prior to Closing)
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 of a new home allows someone else to take over the purchase contract […]