Writ of seizure and sale
February 6th, 2009 by Questions
A number of months ago, a writ of seizure and sale was issued against me for a credit card debt to the Bank of Montreal. To date, they have not enforced the writ by selling my home although they routinely continue to do so. I have been very honest with them about my circumstances and regrettably so, my situation does not permit me to make the monthly payments they`re demanding. I live in constant fear of their threat expecting that anyday now, they`ll have the Sherrif auction off my house. To make matters worse, there isn`t even enough equity in the house to cover the debt as by the time the mortgage is cleared and all the legal fees are paid, I`ll be fortunate if I break even. I don`t understand why they continue to threaten me in this manner. If they have the power to take my house, then why don`t they simply do so? I suspect (given the way they speak to me), that `compassion` is not the answer.
Posted from: Ontario