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News Story Friday, July 10, 2020

Wow, a homebuyer is stuck with $38,000 water bill from the previous owner.

CTV News Consumer Alert Videojournalis Pat Foran reports it is the purchaser’s responsibility to ensure they understand any costs and arrears related to the property they are buying.

Even though Mr. Wong was not informed about the water account arrears until the sale had closed, he's still on the hook. Mr Wong did purchase title insurance and has filed a claim hoping it will cover the cost of the bill. Alectra has now assigned an agent to Wong's case and hopes the two sides can reach a reasonable resolution.

Make sure that you check for any costs and arrears related to the property. Sadly, the lawyer here failed their client.

The most common reason for high water bills in the GTA is a running toilet. A single leaky toilet can waste more than 900 cubic metres of water in a month creating a water bill of more than $2,600.

https://toronto.ctvnews.ca/home-buyer-stuck-with-38-000-water-bill-from-previous-owner-1.5018065

#ctvnews#consumeralert#mikebolger#sellyourhouzz


Renters need to be careful when using websites like Kijiji and Craigslist when looking for rentals.

Scammers are on the hunt for anyone that's desperate to rent. This also includes vacation rentals for properties in cottage country. They post the rent price below market value and using listing photos found on the internet.
 
Here are four things to watch out for:
1. Can't meet in person
2. Rent price below market value
3. Ask for a Security deposit
4. Tell you to wire funds.
 
 
Watch this video from CTV Pat Foran Consumer Alert.

#ctv#consumeralert#rentalscam#scams





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