Property forclosure
October 9th, 2008 by Questions
I lost a property 9 years ago that the bank sold at a loss and it was covered by cmhc. Now the insurance company is asking for the loss amount of 40,000.
What to do?
Posted from: British Columbia
One Response to “Property forclosure”
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October 10, 2008 at 7:36 am, A licensed trustee said:
You may not beleive thsi, but somewhere between 7 and 10 years seems to be the average time it takes CMHC to get around to pursuing people for shortfalls on their houses.
I think you should make arrangements to speak to someone in person locally – you’ve got lots of options to consider depending on your current financial situation.