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Buying a Power of Sale in Ontario: 7 Things to Know About a Bank's Schedule B
When my buyers recently became interested in a Power of Sale property, one document immediately stood out: the bank's Schedule B. Unlike a typical resale transaction, this Schedule B was several pages long and filled with legal clauses that looked unfamiliar. Naturally, my clients had questions. Why are there so many additional clauses? Are these normal? Should we be concerned when buying a Power of Sale in Ontario? As we carefully reviewed the document and discussed the clau
Jul 215 min read
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