Will it affect my sisiter`s house
July 21st, 2010 by Questions
My sister and I own a house fo 50% interest each. Tow month ago, due to my poor financial situation, I borrowed money from my sister secured by the equity of the house( I wanted to sell my portion to her, but the mortgage bank did not approve her). Now my situation is getting worse and worse which may lead to bankruptcy finally. She is worrying about the house and the money lent to me. Are the house and the money still sercued? Even she sells the house, no other creditors can seize the money except the mortgage bank?
Posted from: Alberta