Question
Brad is looking to purchase a home for Mary the parties have agreed in principle of the house will be purchased by Brad for $275,000.
Brad is looking to purchase a home for Mary the parties have agreed in principle of the house will be purchased by Brad for $275,000. he tells you that he will not be able to afford the house unless he attends a mortgage for $225,000 tells you that his mortgage broker told him that he is pretty sure the first bank will give him a mortgage for that amount but that the bank does not make us decision until they see the contract of sale this creates quite a quandary for Brad as he is afraid to sign a contract knowing that he will be in breach of the contract and forfeit his deposit if he is turned. tell Brad how this can be remedied in the conflict contract of its sale also please draft a language so you insert into the contract to protect brad
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