FILL OUT THE FORM BELOW AND RECEIVE A NO-OBLIGATION CONSULTATION

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Name*

Phone Number*

Email*

This field is hidden when viewing the form

What's the best time to contact you?*

Location*

What city do you live in?*

Total Unsecured Debt*

*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

This field is hidden when viewing the form

Source

How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

Agreement*

I understand that Bankruptcy-Canada.ca does not provide debt relief services directly and agree to securely share this information with a local Licensed Insolvency Trustee (LIT) for a free, confidential consultation.

Select Trustee By Province

Bankruptcy & Residential Morgage Insurance

My wife and I were granted absolute discharge from personal bankruptcy in 1998. Since then we re-established our credit, the bankruptcy was deleted from our Credit Report, and we bought a residential property.

Recently we applied to a bank to re-finance our morgage. Our application was approved subject to approval from CHMC/GENWORTH to ensure the morgage. GENWORTH aka GE CAPITAL declined to ensure our mortgage on the pretext that we defaulted almost 10 years ago on a real estate, which by the way, we bought as a rental investment rather than as a primary home.

QUESTIONS:
A.can GENWORTH, which I believe is a semi monopoly refuse to ensure our home in spite of the fact that we obtained ABSOLUTE DISHARGE and our Credit Report is clean? If the banks are willing to evaluate our application based on our current credit record why not GENWORTH?

B. What can we do to appeal this unfair treatment, which may result in the loss of our home?

Thanks
AJH

Share this post:

X (Twitter) Facebook Pinterest LinkedIn Email

One Response to “Bankruptcy & Residential Morgage Insurance”

A licensed trustee said...

Any private company can refuse to do business with you. I suggest you contact another bank or mortgage broker to see if they can assist you, or try contacting Genworth directly to try to get them to change their mind.