unsecured
Citifinancial holds a second mortgage on my home and and an unsecured personal loan that has about 5500 left on it. If I go through with a consumer proposal can they try and take my home or add the loan to my second mortgage ? I have never missed a payment with them.
Posted from: Ontario
No – the law specifically prohibits anyone cancelling a contarct simply becuase someone has filed a consumer proposal or bankruptcy.
If you keep your payments on the second mortgage current Citifinancial does not have the right to call the loan (or take your home).