December 1st, 2010 by Questions
Recently had a writ of seizure and sale for my home, from a law firm representing capital one, approx $$13,500.00
I have a first and second mortgage on the property and am willing to make payments towards the debt. I think i can afford $2-300.00 per month, would this be accepted? should I consider bankruptcy? I do have debts totalling approx $40,000.00 including RBC that already have a writ against me and are accepting $25.00 per week, as well as cit bank and paying them $135.00 a month. The home is worth $340,000, first mtg @$180k, second @ $80k. any suggestions would be great. Also, on my credit report it shows as capital one writing off my debt, why would they hire a law firm to collect?
Posted from: Ontario