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Z Legal Litigation Lawyer | Toronto, Canada > Posts tagged "litigation"

5 Things to Know About Failed Real Estate Deals

Your House Sale or Property Sale Fell Through? What now? Will I need a Litigation Lawyer?Who gets the deposit? Generally speaking, when a house sale falls through the vendor of the property retains the deposit unless there's specific wording in the Agreement of Purchase and Sale that states otherwise.  That's true even if the vendor resells the home at the same, or even a higher, price. The price of the house dropped after the property sale fell through. Now what? The vendor can initiate a Claim against the purchaser who failed to close on the original deal and caused the house...

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