Batista hasn’t been so lucky. She had planned to sell her unit for profit before the deal closed, but has since found out that she is not allowed to do so. Before signing, Batista had a lawyer review both offers – something that most condo buyers don’t bother to do. Apparently, even the lawyer didn’t notice that there was no square footage listed on the agreement. Turns out that the 1,000 square foot unit she thought she’d bought was a mere 856 square feet.
For obvious reasons, Batista wants out, but her hands are tied. She did, after all, sign an agreement. Shnaider, Talon’s chairman, plans to hold her to her agreement, too. As he told the Star, “it’s up to investors to do their due diligence before signing binding legal documents.”
- Trouble brewing at Trump Towers development, RealEstate.YourMoney.ca, January 6, 2017.
3. “Buy now, pay later” has long been the unofficial mantra of American retailing. But this holiday season plenty of American shoppers have gone the other way—paying first and buying later. ’Tis the season of layaway. Not long ago, layaway looked like a relic, thanks to the widespread availability of credit cards. The dismal economy has changed all that. As early as the fall of 2008, with the recession in full swing, Kmart started a campaign pushing layaway, and, as shoppers embraced the idea, retailers across the country have made it a big part of their holiday sales drive. Walmart had killed its layaway program for everything but jewelry in 2006. But this year it acceded to reality and brought layaway back.
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