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 it is deemed that equity resides in the subject property at the time of default. Knowing that he had substantial equity in his property, Roger was confident that he had time on his side. He was busy creating solutions that would help him payback all his outstanding arrears when, surprisingly, the Foreclosure hearing judge pulled the plug and called it quits on his noble and just plans.
To me, this story exemplifies the benefits of living from your core values.
