Deposit Rocket has launched a quick and easy alternative to the conventional cash deposit used in residential home purchases. Canadians can now unlock the equity in their existing home or liquid investments instantly with a Deposit Rocket Guarantee – making for a convenient and competitive offer.
Deposit Rocket issues the Buyer a guarantee that is submitted by the Realtor along with the offer, instead of a certified cheque. The Deposit Rocket Guarantee is simply the Buyer's 'promise to pay' the deposit guarantee amount, at closing. Deposit Rocket Guarantees are backed by an 'A-rated' insurer, making it as secure for the Seller as receiving a certified cheque.
Already a success in Australia, Deposit Rocket has been reviewed by Federal, Provincial associations and by one of Canada's leading law firms for compliance in Canada, excluding Quebec, and is fully backed by the Northbridge Insurance® group of companies, rated "A" (excellent) by A.M. Best. Antree Demakos, J.D., CEO of Legal-Line.ca says "We are excited to introduce our four million annual users to a way to make a fast, guaranteed offer, without having to visit the bank!"
