Dear David: What happens if a buyer submits an offer without a financing condition and the bank doesn’t approve their mortgage? Assuming the offer is accompanied by a deposit cheque, does the buyer lose their deposit if they are unable to close? – WONDERING DEAR WONDERING: The issue of deposit cheques must be weighing on
The cottage may be grouped with other assets in your estate and funnelled down through your spouse or other beneficiaries.
It’s common for divorcing couples to assume the equity in their matrimonial home will be split 50/50, but the division of assets can be complicated.