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AFS deals in Ontario

TodorYordanov

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Oct 10, 2007
Messages
601
Apparently my lawyers said to another REIN member today that the Ron Legrand "stuff" will not work in Ontario. AFS and taking ove payments will be considered "assuming" mortgage which is not possible in Ontario.

I need to talk to another lawyer if possible in the Mississauga area.
 

WJW

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Dec 21, 2007
Messages
58
I`ve spoken with James Quigley about the AFS and he`s told me to use the templates that Barry has supplied us with. He mentioned that he doesn`t see why it won`t work in Ontario (I`d rather he said it WILL work in Ontario) and to supply the templates filled in to him and he would make them valid contracts for Ontario. I don`t have any experience working with James but I`m under the impression Barry is helping him with the concepts. I`m working on a deal now and will be forwarding the templates to James hopefully by the end of the week. I`ll let you know if it works out.
 
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