June 30th, 2011 by Questions
I was taken in by a scam by getting approval for a mortgage when family friend and her mom assumed the mortgage. They have defaulted and now the bank has foreclosed and it taking possession July 1 and I just found out that she has recently filed for bankruptcy. What happens to the shortfall with CMHC is she going to be exempt since she has filed for bankruptcy already? Is her mom going to be held responsible? Or is cmhc going to look at me for the shortfall?
Posted from: Alberta
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