Monthly Archives: December 2014

Update on the Standard Mortgage Clause: How to asses the lender’s claim after a property sale

The recent decision by the Ontario Supreme Court in Equitable Trust v. Portage, 2014 ONSC 4767 (CanLII) deals with a lender’s entitlement to loss proceeds under the Standard Mortgage Clause (SMC) provisions after a property sale where the actual …

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