Mortgage-poor, property won’t sell, want to retire…
June 21st, 2013 by Questions
We own two properties; one almost fully mortgaged, but would be really hard to sell. The other, half mortgaged, but including our lines of credit, you could say fully mortgaged… also really hard to sell. We know they would be hard to sell because similar properties in similar areas have been sitting on the market for months. I plan to retire next year because my profession is too exhausting to carry on past the age of 58. If we do a Proposal, could the bank seize the property we don’t live in and leave us the other one?
Posted from: New Brunswick