Varity LawRichmond Hill, ON · March 5, 2026Is the sale price enough to cover all the real estate debts?
When a real estate property is sold, its sale price MUST cover all debts owing on the property. Otherwise, the buyers would need to inherit the seller’s liabilities, and no one would ever agree to that. Specifically, the sellers need to include the following debts in their calculations when deciding the sale price: Mortgage or...
This is a short preview. The article was written by Varity Law and the full text is on their website.
About Varity Law
Probate & EstatesReal EstateCorporateCommercial
More from Varity Law
- A POA may only be used when one is still alive; the Will steps in after one passes away
- How do I not overpay in Estate Administration Taxes? Start Probate Early
- How to draft your Real Estate Offer so you don’t get a damaged property
- Claiming an Inheritance in Ontario: What Beneficiaries Should Know
- How Separate Assets Can Trigger Two Probate Applications in Ontario