Words like “power of sale” or “foreclosure” can seem scary. But this is Canada, and the financial crisis of 2008 in the US is over.
Before anyone can take your home away, there are plenty of steps they need to take, and they’ll also need to decide if its worth their while to chase a bad debt as sometimes it doesn’t make sense to throw good money after bad.
Is it a real threat? Partially, and it could happen, but before you start losing sleep over it, check out the video below to get the full answer.
Get a Fast & Free Savings Quote Today
We Negotiate a better deal with the people you owe money to!