News   Jul 12, 2024
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    Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

    it looks like sr law registered the o canada mortgage in uptowns (within 3 weeks a bunch of liens were registered)- how were they able to act for borrower and lender on uptowns?
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    Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

    Do you have the link?
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    Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

    I don’t have any vandyk offers. I know a lot who had offers in stateview. If the stateview purchasers are successful in the class action/ tarion claim for a constructive trust you may see a similar class action here. Vandyk appears to have less exposure as the deposits appear to be in trust still.
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    Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

    that's great that the deposits are still held in trust for vandyk unlike what is going on with the stateview receivership. It's odd that the same firm is involved at the same time with somewhat experienced developers have problems. i guess the industry is small.
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    Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

    I fortunately did not buy stateview. I bought senator homes which did end up closing with a little delay and the sr law firm refused to release deposits unless the builder “bonded” them For stateview tarion will give you $20,000 back but most of the purchases gave $100k plus and those monies...
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    Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

    Check out the stateview receivership. I know about this as I bought a “common element condo” off senator homes and sr law was the condo lawyer. If the builder falls under a condo the firm cannot release without “bonding”. The action against stateview argues that stateview should have never...
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    Brampton UPtowns at Heart Lake | ?m | 4s | VANDYK

    SR law is the law firm holding deposits. The same firm ran into a problem with stateview homes where they released “common element” condo deposits prior to any sort of final site plan approval. Tarion/ HCRA is actually trying to put a trust mortgage on all the stateview properties. Unless these...

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