VANCOUVER, BC FORECLOSURE PROCESS
Posted on January 2nd, 2008 by Roland Lewis
The Foreclosure Process in B.C
Here is a overall view of how the foreclosure process in B.C works. If you are interested in recieving a current list of foreclosures in your area you can reach me HERE.
| Demand Letter |
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A letter accelerating the loan and giving the borrower a short period of time to pay out the mortgage or else face foreclosure. |
| Petition |
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Filed in B.C. Supreme Court registry. The lender is the petitioner, while the borrower and all other charge holders whose interests rank in priority behind the lender, are the respondents. |
Filed under: Condos, Developments, Statistics, foreclosures | 1 Comment »