If your Calgary property is going into Foreclosure in Alberta, we put together this informative video that answers many homeowner’s foreclosure questions. Just click on the video above, and send us any questions or comments you may have in the comments section, by email at info@canadahomebuyer.ca or by phone in Calgary at 403-608-1480.
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The Foreclosure Process Explained
Get your copy of the
Alberta Foreclosure Process
along with information and action steps you can take along the way.
You can get this report absolutely free by clicking the button above.
Excellent video Harold. As per our telephone conversation this morning please forward additional information pertaining to my situation.
You have been very helpful. Stan
Thank you Stan. Your situation is not uncommon in today’s market economy, unfortunately, but I commend you on taking these pro-active steps towards rectifying and resolving any concerns you have. Thank you for visiting our site! Harold Hagen
I have several mortgages in Alberta. I want to walk away from a conventional mortgage on an investment condo in Canmore Alberta because it is worth less than the mortgage.
Will this impact my ability to renew my other mortgages on my main residence and my other investment properties when they come up for renewal?
Michael
A lender always has the option of reviewing a client’s credit report prior to any renewal, and always prior to any refinance or purchase. In most cases, the lender won’t execute a demand notice unless the mortgage payments have been compromised, or the mortgage on your defaulted property is owned by the same lender reviewing your secondary renewal.
I am an Alberta mortgage broker and long-time real estate investor, we can review options your portfolio may offer towards supporting the cashflow on your Canmore property until market valuations return, or we may consider an offer on your property. Let us know if you would like more information.