Comments on: Nine Mortgages You Haven’t Heard Of http://realestatementor.ca/articles/nine-mortgages-you-havent-heard-of.htm Just another WordPress weblog Sat, 28 Nov 2009 17:46:06 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Claude http://realestatementor.ca/articles/nine-mortgages-you-havent-heard-of.htm/comment-page-1#comment-50 Claude Wed, 28 Oct 2009 14:51:26 +0000 http://realestatementor.ca/?p=126#comment-50 Nit: This is something that your Realtor should be able to assist you with. Because every situation involves different details, we would need to see the Agreement of Purchase and Sale. However, if you and the Seller have fulfilled all the required conditions in the Agreement, the Seller is contractually obliged to complete the sale. You may have legal recourse to sue the Seller, and try to have him/her forced to complete the transaction at the agreed-upon price. Nit:

This is something that your Realtor should be able to assist you with.

Because every situation involves different details, we would need to see the Agreement of Purchase and Sale.

However, if you and the Seller have fulfilled all the required conditions in the Agreement, the Seller is contractually obliged to complete the sale.

You may have legal recourse to sue the Seller, and try to have him/her forced to complete the transaction at the agreed-upon price.

]]> By: Nit http://realestatementor.ca/articles/nine-mortgages-you-havent-heard-of.htm/comment-page-1#comment-47 Nit Wed, 28 Oct 2009 04:00:31 +0000 http://realestatementor.ca/?p=126#comment-47 We just found out that the owner/seller is a greiving 72 yrs old widow, that's suffering from bipolar depression for almost 20 yrs., and was not in his right mind at the time of signing, and just hours after signing he called the realtor saying he made a mistake and he want to back out of the deal but the realtor didn't tell us right away. Does he have legal right to backout of the deal and if we sue him, what's the percentage we can sue him for? Or we are only entitled to get our deposit back? We just found out that the owner/seller is a greiving 72 yrs old widow, that’s suffering from bipolar depression for almost 20 yrs., and was not in his right mind at the time of signing, and just hours after signing he called the realtor saying he made a mistake and he want to back out of the deal but the realtor didn’t tell us right away. Does he have legal right to backout of the deal and if we sue him, what’s the percentage we can sue him for? Or we are only entitled to get our deposit back?

]]> By: Nit http://realestatementor.ca/articles/nine-mortgages-you-havent-heard-of.htm/comment-page-1#comment-44 Nit Sat, 24 Oct 2009 02:50:29 +0000 http://realestatementor.ca/?p=126#comment-44 I like your articles, and the question and answer section. They're all very educational. My Question? We bought a house, the seller already signed the deal with the realtor, but in a lot lower amount ( ex. listing 800K and sold for $600K )then seller changed his mind cuz he didn't understand all the content of the contract that he just signed, and chaged his mind not to sell anymore, what can I do as a buyer, since we already give the deposit Pls. help I like your articles, and the question and answer section.
They’re all very educational.
My Question?
We bought a house, the seller already signed the deal with the realtor, but in a lot lower amount ( ex. listing 800K and sold for $600K )then seller changed his mind cuz he didn’t understand all the content of the contract that he just signed, and chaged his mind not to sell anymore, what can I do as a buyer, since we already give the deposit
Pls. help

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