About KR

Thank you! In the end, the purchaser's rep had to change the figure so that the bank would increase the funds available.    I spoke to our PEXA rep who will be providing feedback to the bank :)  ... View more

Hi. Yes I am.  ... View more

I act for a vendor and currently have a settlement where the incoming mortgagee has reduced the source funds because the total funds required to settle' does not include the deposit.    It appears this feature is not particularly clear about whether it should or should not include the deposit. At the end of the day I don't really care so long as the correct amount is provided and everything balances, but having the purchasr's rep and the bank locked in an argument about who is right has delayed settlement 2+ hours.    ... View more

 Hi TJ - yes as the new format documents allow for dating prior to the settlement date.  ... View more

This advice is contradictory to that of the Land Titles Office (see latest bulletins) ... View more