Did you sign for arbitration?

The first is full disclosure with everything, where-as the second one is for "selling As-Is".2) Both parties can agree to arbitration or not..3) I am assuming you have full legal recourse (did not buy property as-is), and that you will have to go to small claims court.4) In Minnesota (and I have to believe every state) the seller is required to NOTIFY the buyer of an material changes right up to the very second the home closes that they become aware of as long as they are choosing not to sell the home as-is and go full disclosure.5) The question is almost never whether the seller knew or not, but how to prove it?

As an aspiring landlord in Ontario you NEED to understand the Residential Tenancy Act and the Landlord and Tenant Board that arbitrates the Act.

The issue of requiring arbitration is mostly a moot point.

Why not engage in his right for arbitration (per the agreement he broke)?

Nothing in this analysis should be construed as legal advice and relied upon, as each transaction must be separately analyzed.Further, I strongly recommend anyone seek independent legal advice on any specific transaction contemplated after January 10, 2014 prior to any consummation`````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````````Dodd-Frank Summary The Dodd-Frank Act took effect January 10, 2014 and changes the rules for seller financing for those not qualifying as exempt.The most relevant changes are: Requires every lender to consider the borrower’s ability to repay the loan • Requires that lenders consider at least 8 factors applied against reasonable underwriting guidelines • The Lender must write a “qualified loan” • Requires lenders to wait at least 120 days of delinquency before foreclosing • Dodd-Frank combined with the SAFE Act in the various states, will require all owner finance transactions (except the exceptions) to be originated by a Residential Mortgage Loan Originator • Prohibits builders from selling with owner financing • Eliminates balloons and negative amortizing loans and requires fixed rates for 5 years with no prepayment penalties • Sellers who sell with owner financing more than 3 times a year will become mortgage originators and must comply with Dodd-Frank • No forced arbitration clause is allowed in the buyer’s noteQuestions & Answers � What information am I required to get from buyer to prove their capability to pay?

So sorry you ran into this and had to ask.If you can document that all your contacts for the transactions were outside the current brokerage, you can ack independently - - at a cost - - you may have to defend yourself.I would seek arbitration with the State Board and go from there. 

Has anyone had experience with the JAMS mediation and arbitration process?

I read the contract again and there was a clause we both initial that agreed to an arbitrator as binding.

In the paragraph numbered 1 of the Love Funding Engagement Letter of August 20,2015 was this statement: LFC will have the exclusive right to represent Borrower in its application to HUD in connection with this project for the purpose of obtaining Section 223(f) mortgage insurance for the Loan and all meetings and correspondence with HUD will be accomplished solely through LFC.In the paragraph numbered 6 of the same letter, was this statement:Any amounts not used will be refunded or credited to the Borrower at the Loan closing.In the paragraph numbered 11 of the said Engagement Letter were these sub-paragraphs:(ii) Each party agrees to the use of binding arbitration administered by the American ArbitrationAssociation to resolve any claim for damages related to or arising from this Letter Agreement, the Firm Commitment or documents executed in connection with closing the Loan (the "Loan Documents").Borrower and LFC each hereby waives its rights to a trial by jury and agrees not to file any complaintfor damages, engage in any legal action or proceeding in any court, or appeal the outcome of a finaland binding arbitration.