Consumer proposal/mortgage

January 25th, 2013 by Questions

If you have to sell your house to pay back creditors and you have a mortgage who gets paid first? Do you pay off your house and then let the rest fight over the profit.

Posted from: British Columbia

Questions

One Response to “Consumer proposal/mortgage”



January 25, 2013 at 7:05 am, A licensed trustee said:

Secured creditors, like your mortgage, property taxes, utilities, will be paid first. I suggest you go and speak to a trustee – they can help you do this in an orderly manner and avoid what might result in a number of lawsuits…

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