unsecured
September 5th, 2011 by Questions
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
One Response to “unsecured”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
September 05, 2011 at 10:04 am, A licensed trustee said:
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).