-
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.
Author Archives: admin
Core Values and the Foreclosure Game
Just when you think you’ve got the Alberta foreclosure process all figured out, a curveball lands you square in the face. In Alberta, the foreclosure process affords the homeowner the flexibility of time by honouring a suitable redemption period when … Continue reading
Foreclosure in Alberta – Legal Perspective
Talking With A Lawyer About Foreclosures I recently had the pleasure of sitting down and chatting with Barry McGuire, a long time real estate lawyer who practices in Edmonton, Alberta. Barry has been a real estate legal professional in Alberta … Continue reading
The New Normal? Economic Prespective from one of Canada’s Top Economists
I was fortunate enough to catch Benjamin Tal’s presentation in Calgary recently, presented by our friends at FirstLine Mortgage, as he discussed what he calls ‘The New Normal’. For those of you unfamiliar with Benjamin Tal, he is the Deputy … Continue reading
Posted in Uncategorized
Leave a comment
Credit Counselling Caution
Credit Counselling Even a passive observer knows that consumer debt levels in Canada have reached record highs. StatsCan recently reported the ratio of household debt to disposable income to be 1.48, exceeding US household debt levels for the first … Continue reading
The Personal Costs of Foreclosure in Alberta
For a homeowner in Alberta, going through a foreclosure action can be a very costly ordeal in many areas of life. These include the obvious and substantial implications it can have on ones financial stability and personal credit rating, but … Continue reading
Rights of Redemption – A Homeowner’s Rights After the Redemption Period!
Definition: Equity of Redemption – the right of a borrower to redeem (i.e., buy back) his or her property by paying off the outstanding mortgage debt in full. Don’t confuse this term with the Right of Redemption of a borrower. … Continue reading
Using Home Equity to Reduce Bad Debt
Used properly, home equity can be very useful for homeowners wanting to get out of debt. What? You say I should go into debt to get out of debt? Well, actually, Yes! If done correctly, leveraging debt can work to … Continue reading
Posted in Foreclosure Advice, Mortgage Problems
Tagged mortgage problems, Reducing bad debt, second mortgages
Leave a comment
Going Into Debt to Get Out of Debt: The Dangers of Second Mortgages
Under the right circumstances, home equity can be your own personal golden goose. If you’ve lived in your home for some time and benefited from a rising local economy or made extra payments to reduce your mortgage quickly, you’ve created … Continue reading
The Foreclosure Process – A Conversation with Harold
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 … Continue reading
Alberta Foreclosure Advice
At whatever stage of foreclosure you may be currently, understanding that you as the homeowner remain in control both of your home as well as the direction and result of the proceedings against you is of paramount importance. This remains … Continue reading