CMB MAGAZINE cmba-achc.ca fall 2017 | 37
legalease
m
any problems faced by private lenders can
be avoided simply by taking the time
in advance to structure the mortgage
transaction in a way that addresses
the possible issue. e alternative can be time
consuming, expensive and lengthy processes
that sometimes result in regulatory, civil and
criminal consequences.
is article will alert you to some potential issues and
will direct you to previous magazine articles (indicated in
italics) where the issues are discussed more fully and, in
many instances, where suggestions as to structuring of
the transaction are provided.
e list in this article is neither exhaustive
nor indicative of the most important issues to be
considered. It truly is a potpourri. We will continue
to add to the potpourri in future issues of the
magazine.
Agents and Authorizations
An unauthorized agent or an authorized agent who acts
beyond his authorization may, in some circumstances,
nevertheless bind you to an agreement or course of
Our wide-ranging guide to
sidestepping common pitfalls in
privacy protection, mortgage fraud,
foreclosure and beyond
BY rAy BAsi, l.l.B.,
stAff, eduCAtion
And PoliCy revieW
a Potpourri
of support
for Private
lenders
