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GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Friday, November 20, 2015

Bust! Broker goes under owing $122 million

A Calgary mortgage brokerage has been placed into receivership with $122 million in investments owing to investors. Base Finance Ltd and Base Mortgage & Investment Ltd are now in the hands of receiver BDO Canada Ltd. Base has been operating in Calgary for four decades but was forced to stop trading by the Alberta Securities Commission. The receiver was appointed on October 15th.

It’s alleged that 240 investors believed that their money was being invested in Alberta mortgages but that investigation into the companies’ banks accounts and hand-written accounts show that this was not the case, although Base owner Arnold Breitkreutz claims that there is a “first charge security mortgage” on a number of oil and gas leases, the Calgary Herald reports.

MBN

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