The move provides lenders, such as Forjay Management Ltd., Canadian Western Trust Co. and HMF Mortgage Fund Corp., with what is expected to be $5.46 million more in proceeds to split. Murrayville House has another 51 homes that were sold to pre-sale buyers, but, because those units each had …
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source http://consumer-mortgage.com/court-ruling-shows-risk-of-pre-sale-contracts-as-unsuspecting-buyers-lose-homes/
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