Prepare a Tender to Purchase Property under Judicial Sale Notice
in a foreclosure action with this template for actions in Court of Queen's Bench of Alberta.
- The tender is made in accordance with the judicial sale notice and directions for advertising.
- The tenderer (purchaser) will pay the interest and arrears owing on the mortgage, and will assume the principal amount still owing on the mortgage.
- The purchase price of the property will be adjusted to include the plaintiff's solicitor-client costs, which will be paid by the purchaser.
- At the closing of the transaction, title will be transferred into the name of the purchaser, and all of the original mortgagor's (defendant's) interest will be extinguished.
The Alberta Tender to Purchase Foreclosure Property under Judicial Sale Notice
template is a downloadable and fully editable MS Word document.