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I’m very interested in buying a certain house, but the seller wants me to fork over a really big deposit. If I change my mind, can I get my deposit back?
The short answer to your question is that, in most cases, real estate transaction deposits are not refundable. There’s no set amount for deposits, however. If the owner’s demand for a large deposit is a major sticking point, you could ask Read More...
Home Capital repays $2B line of credit from Warren Buffett's Berkshire Hathaway
Home Capital Group (TSX:HCG), the Toronto-based alternative mortgage lender that was on the verge of collapse earlier this year, says it has repaid a $2-billion line of credit from Berkshire Hathaway. The company was given the financial lifeline last Read More...