Property Retention in a Consumer Proposal
May 18th, 2010 by Questions
I have 2 properties, one being my principle residence and the other my cottage. I have the cottage listed for sale but the mortgage lender is in the process of forclosure. I would like to be able to keep the cottage until I can sell it as I do have considerable equity in the property. I would then use this money for payments in a Consumer Proposal or possibly to pay down debt. Can the foreclosure process be stopped by doing a Consumer Proposal?
Posted from: Ontario