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Real Estate & Property Law

: The Home Equity Theft Reporter

Novice Homebuyer May Be Out $8K After Unwittingly Signing Contract Sans Loan Contingency On Foreclosure, Then Discovers Mortgage Insurance Unavailable

By r morris

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In Edmonton, Alberta, CTV Edmonton reports:A young woman is now fighting for her life savings after a housing venture went through the cracks. Brenda Vanner says she cashed in her RRSPs [Registered Retirement Savings Plans] and her savings to make an offer on a property that was up for foreclosure. "It seemed like a good deal and a real good property to buy," she said. But days before the deal

Full post as published by The Home Equity Theft Reporter on May 08, 2010 (boomark / email).

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