People may be forced to go into foreclosure for many reasons. From divorce, to job loss or medical emergencies, financial circumstances can change making it hard to make those mortgage payments to a lender. While contacting a lender at an early stage may reduce the possibility of going into foreclosure on a home, it is still possible to have to go through the foreclosure process on a home in Alberta. And foreclosure can happen regardless of the type of Canadian home mortgage they may have. Get a better idea of what to expect from the foreclosure process.
For informational purposes only. Always consult with an attorney or certified tax expert before proceeding with any real estate transaction.
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