Statute of Limitations in Alberta
September 2nd, 2009 by Questions
I heard that CMHC is usually sleeping at the wheel when it comes to collection after a bank makes a claim on a default mortgage and foreclosed home. If CMHC does not take action within the 2 years (in Alberta) to collect, is it correct that there cannot be and further proceedings? Where does day 1 of the 2 years period start? Does `action` include all types of contact (phone calls, letters) or only in case of being sued? I read people using the statute of limitations as a defense by just dodging and hiding from any contact from collectors and hoping to get away free.
Posted from: Alberta