Lesson 8 · Home Closing Insurance · For sellers
Can't I just sue a buyer who doesn't close?
The short answer
Yes. Canadian courts can order a buyer to complete the purchase, called specific performance, but most sellers end up chasing money damages through lawyers and court timelines, from a buyer who may not have the money. With home closing insurance, SecureMyOffer advances funds to your lawyer's trust account and takes on the pursuit of the defaulting buyer.
Key facts
- Specific performance
- A court can order the buyer to complete the purchase
- In practice
- Most sellers chase money damages instead
- The catch
- Lawyers, court timelines, and a buyer who may not have the money
- With home closing insurance
- Funds advanced to your lawyer's trust account; SecureMyOffer takes on the pursuit
- When you pay
- Not until the deal is firm
Transcript
Read the full transcript
Can't you just sue a buyer who doesn't close?
Yes, you can.
Here's why most sellers wish they didn't have to.
Canadian courts can order a buyer to complete the purchase.
It's called specific performance.
But in practice, most sellers end up chasing money damages instead.
That road runs through lawyers, court timelines, and a buyer who may not have the money anyway.
You can win the case, and still lose the year.
With Home Closing Insurance, SecureMyOffer advances funds to your lawyer's trust account, and takes on the pursuit of the defaulting buyer.
You're not carrying that fight alone.
And you don't pay until the deal is firm.
Get a free quote in minutes, at securemyoffer.com/quote.
Summary only. Coverage, eligibility and conditions are governed by the policy and surety documents. Questions about coverage? Talk to a licensed broker at 1-833-766-2329.
