A young woman is now fighting for her life savings after a housing venture went through the cracks.
Brenda Vanner says she cashed in her RRSPs and her savings to make an offer on a property that was up for foreclosure.
"It seemed like a good deal and a real good property to buy," she said.
But days before the deal was set to close, the woman says she was denied mortgage insurance because of deficiencies on the property.
The 23-year-old signed a contract with no conditions, and may now be out $8,000.
"I was naive. I took for granted that someone was looking out for me and I will never do it again. I just want to make sure it won't happen to someone else."
Vanner's mortgage broker advises anyone thinking about getting into a contract, to do it knowingly.
"You want to be careful what you're getting into and frankly know what's in the contract you are signing," said Bill Briggs, associate broker for REMAX.
The woman will now be in court this week. She's hoping the court will decide to give her back her money.
Vanner says she was told the property will be re-listed. She now hopes the next person won't make the same mistake.
"We wanted to have our own house so we could get everything ready, so we could start a family to work toward something better in life."
With files from Serena Mah
