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#26729 Reply
K.Umamaheswara Rao
K.Umamaheswara rao

Hello,
Your question involves many legal technicalities prevailing in Canada.
I did not understand the facts of your case fully.
As far as I understand,you deposited some money expecting a loan.
I think you can ask for the deposit ,if loan is not sanctioned.
I think there is a rule in Canada that they will forfeit the deposit ,if
loan is not approved.

The other technicality is that you rented out your present house,
expecting that you will receive loan.
In short,you are involved in a legal and financial problem.
Please consult a local expert who is well versed with loan rules.
Ask him whether you can get back your deposit,if loan is not sanctioned.
kumrao99@yahoo.co.in

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