Hammering out Holdbacks

In Your AREA Podcast

English - August 23, 2021 06:00 - 18 minutes - 13.1 MB
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Previous Episode: Alberta 2021 Housing Q2 Update

Next Episode: REALTOR® Safety Month: Stories, Strategies, and Surprises

In this episode, we welcome Ellyn Mendham of RE/MAX Realty Professionals. Joining her is AREA's new Provincial Practice Advisor, Bryan Statt. They discuss why a holdback is preferred, digging into the details of how much to hold back, as well as review the wording of terms and concerns around fraudulent activity. The duo chats about the current views of mortgage lenders regarding holdbacks and consider a lawyer's ability to enforce them.

We hope you enjoy!