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Bankruptcy Question & Answer Forum - Alberta
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anonymous |
Date: |
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August 10, 2009 |
Question: |
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I am in a foreclosure. I have gone to the court hearing. I am required to get a appraisal as theres came in $40000 below market. What are my rights and what should I do? If I let it go I will lose some equity but due to the soft market it has been 90 days and have not sold it yet. We are trying to get things squared. This is all due to no empoloyment.
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From: |
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Karen Rideout, Grant Thornton Alger Inc. |
Date: |
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August 10, 2009 |
Answer: |
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Unless you are in a position to pay up the arrears on the mortgage, the court hearing will proceed and title will be given to the mortgagor.
Karen Rideout
phone: (403) 296-2973
karen.rideout@ca.gt.com
If you wish to talk to one of the Alberta bankruptcy professionals at Grant Thornton Alger Inc., you can call us TOLL FREE from anywhere in Alberta at 310-8888. After hour appointments at our Alberta bankruptcy offices are available.
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Contact our Alberta bankruptcy trustees
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