Recent content by BABAR

The court order dated January 6, 2026, has been approved for the Stalking Horse Sale of Uptown, along with other projects of the Vandyk Group. KingSett Mortgage Corporation will be purchasing these projects from the Receiver. The remaining 40 APS (which includes us) will need to be amended to...

I do not think it can be completed before 13 March 2026. The court has already passed the Ancillary Relief order. We fall in the small subset whose outside occupancy is 13 March 2026.

This is not a builder-related issue. We do have the option to opt out, which is reassuring. That said, if we move forward with closing, a down payment of more than 20% may be required if market conditions remain the same.

I don't think they will increase the price. Either they will keep the same price or decrease it, to make it an attractive offer for us.

The new agreement will extend the outside occupancy date and may change the price. Yes, you will have one month to accept it or decline it. If you decline it, then they will return your deposit.

No, I did not contact them. As per the agreement, they are required to issue a new purchase agreement before 13 March 2026. If the new agreement is not provided by that date, we will have the right to terminate the agreement. In the event of termination, they are obligated to return the full...

Yes, I am waiting for a new purchase agreement before 13 March 2026.

No, not yet

Not yet. I believe they’ll extend it until the termination date. We have no choice but to wait — people before us waited seven years to get their money back.

Pg65 of Sixth Report - Receiver - KSV Restructuring Inc. - 29-APR-2025 Any idea what this Tarion Bond of $20,000 is? And if exhausted, Tarion can reject claims

What is your "Outside Occupancy Date", is it after Oct 2027?

It is Mar 2026.

I have not received any email from KSV, so will my Purchase agreement not be amended?

The court orders for Uptown are posted on KSV. It is difficult to understand, can someone explain it in simple terms? https://www.ksvadvisory.com/experience/case/vandyk

I think this is very important, can they do amendments to current purchase agreements?