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Legal Blog:
Apr
01
2002
Trouble
There are times in the professional life of every real estate lawyer when trouble walks through the door. In Cook v. Craig, an unreported 2001 decision of the Ontario Superior Court of Justice, trouble came in the form of a 63 year-old female with a grade 10 education who, at the time of a mortgage transaction, had no income and was subsisting on social assistance payments of $700 per month. As you read this lead-in, you say to yourself: “Whoops, there goes another otherwise valid mortgage.” Do not get ahead of us; not everything is black and white.
Continue Reading >Apr
01
2002
Trouble
There are times in the professional life of every real estate lawyer when trouble walks through the door. In Cook v. Craig, an unreported 2001 decision of the Ontario Superior Court of Justice, trouble came in the form of a 63 year-old female with a grade 10 education who, at the time of a mortgage transaction, had no income and was subsisting on social assistance payments of $700 per month. As you read this lead-in, you say to yourself: “Whoops, there goes another otherwise valid mortgage.” Do not get ahead of us; not everything is black and white.
Continue Reading >