Podcast Episode 85:
“Hurry Up and Wait.”
When dealing with trustees or lenders, there are many things that can delay a transaction. The type of payment can trigger a processing hold, the shipping method can be slow or unreliable, and sometimes clerks just overlook things. If you need a certain result, in a specific amount of time, then you need to lock down every stage of the process! In this Tale, you’ll hear just how many things can go wrong with getting a lump sum payment on an RRSP mortgage. Our client was trying to receive payout money from the borrower, but almost everything that could go wrong did go wrong…
Download the audio file HERE.
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Buying and/or selling Alberta real estate? Contact Barry now!
“Reverse Mortgage” image from https://www.aag.com/ is used under CC Attribution-ShareAlike 2.0