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Residential Sale package with Vendor Take-Back Mortgage (Alberta)

Use this package of documents for the sale of a residential property in the Province of Alberta, to be prepared by the lawyer acting for the vendor in a real estate transaction where part of the sale price is being secured by a vendor take-back mortgage (also called seller financing). In this arrangement, the vendor transfers the property to the purchaser, who makes payments on the balance of the purchase price under a mortgage granted to the vendor. If the purchaser defaults, the vendor has the right to take back the property.

Included in the file are:

  • vendor take-back mortgage;
  • required Land Titles forms;
  • retainer letter;
  • Statement of Adjustments;
  • Certificate of GST Exempt Supply;
  • Direction to Pay;
  • trust letter to solicitors for the purchaser;
  • mortgage payout letters;
  • reporting letters.

These are Canadian real estate forms in MS Word format.





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