AGREEMENT OF SALE
Although provincial legislation dictates that Alberta mortgages are assumable without qualifying, banks have effectively figured out a way to stop this from happening. When the deal goes to the lawyers for conveyancing, the banks just refuse to send the statement of adjustments, which indicates to the buyer exactly how much the cash to close is.
With deep pockets and a sophisticated legal staff, banks effectively ignore the legislation. And, this being the case, buyers are ...
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Just sold this listing: "Here is that rare starter bungalow with double garage you have been waiting for. Spacious open design on main floor with kitchen dining and living room under a vaulted ceiling. 2 bedrooms up and plenty of room for more down. Kitchen has stainless steel appliances, corner pantry and island eating bar. Basement finished with a family room with gas fireplace, computer area and three piece bathroom. The rest of basement is a large bright area mostly unfinished with a framed ...
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Just added this listing: "Well maintained, spacious bilevel, 1/2 duplex, fully developed with two bedrooms up & two down. New SHINGLES in 2009, New WINDOWS THROUGHOUT in 2009. New laminate,LINO in kitchen & bath in 2007 on the main floor, including the bedrooms. Upstairs painted in 2007. Spacious kitchen with eating area,& large side x side fridge. Separate dining area with nice wood feature wall, & balcony, great for BBQ. Large living room with cozy woodburnng. fireplace. Two full baths. ...