07-01-2015, 01:35 PM
My sister has a friend in the building. Got our hands on this sent to purchaser's lawyer…
"At the time of execution of the Agreement of Purchase and Sale, the Vendor agreed to sell to the Purchaser(s) a second Parking Unit. Unfortunately there are not sufficient parking units available to be sold in this project. Accordingly, the Court Appointed Trustee is requesting that the Purchaser(s) agree to amend the Agreement of Purchase and Sale to delete the second Parking Unit and correspondingly reduce the Purchase Price by the amount of $33,900.00 (inclusive of HST). If your client is agreeable to same, please sign and return a copy of this letter to us by no later than 5:00 pm. on June 22, 2015 and we will then be in a position to set a final closing date. If we do not hear from you by that time or if your client is not agreeable to the Amendment, the Trustee may seek a Court Order terminating the Agreement of Purchase and Sale."
Sent by Mark Karoly, Harris, Sheaffer LLP (Mady, the developer's lawyer)
Trustee is Arif Dhanani, Collins Barrow
One of the creditors is a local firm Marshall Zehr Group (David Marshall, CEO and Gregory Zehr, President)
"At the time of execution of the Agreement of Purchase and Sale, the Vendor agreed to sell to the Purchaser(s) a second Parking Unit. Unfortunately there are not sufficient parking units available to be sold in this project. Accordingly, the Court Appointed Trustee is requesting that the Purchaser(s) agree to amend the Agreement of Purchase and Sale to delete the second Parking Unit and correspondingly reduce the Purchase Price by the amount of $33,900.00 (inclusive of HST). If your client is agreeable to same, please sign and return a copy of this letter to us by no later than 5:00 pm. on June 22, 2015 and we will then be in a position to set a final closing date. If we do not hear from you by that time or if your client is not agreeable to the Amendment, the Trustee may seek a Court Order terminating the Agreement of Purchase and Sale."
Sent by Mark Karoly, Harris, Sheaffer LLP (Mady, the developer's lawyer)
Trustee is Arif Dhanani, Collins Barrow
One of the creditors is a local firm Marshall Zehr Group (David Marshall, CEO and Gregory Zehr, President)