In Lecco Ridge Developments Inc. v Vaquero, a builder successfully sued the buyers after they bailed on their purchase agreement at the last minute. They just didn't have the money to close the deal so they walked away, expecting to forfeit their deposit. They ended up owing the builders much more than that!
Viviana is NOT A LAWYER but likes to read court cases🤓. She's a local Realtor and Team Leader in Central Alberta with the LiVE Realty Group, a professional real estate team with an office downtown Sylvan Lake - they service residential, commercial and rural properties all over Red Deer and surrounding areas. Here's what she's learned that is already shared with buying and selling clients, who have also wondered what issues could pop up in their real estate transactions. Protect yourself and learn from others' mistakes. 💪
We have a website: www.livehomes.ca
Here's the legal site where these cases are from: www.canlii.org
