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Hendrix Law is a law firm in Calgary, Alberta, servicing the Province of Alberta and the North West, Nunavut and Yukon Territories in Real Estate, Foreclosure and Wills and Estates Law. We are a member in good standing of the Better Business Bureau.
Enforceability of administration fees and options when there is damage to mortgaged properties on possession
Several recent court decisions have provided clarity on areas of law of interest to lenders, including the enforceability of administration fees and options when there is damage to mortgaged properties on possession.
One of the most common reasons for a failure to make mortgage payments is the breakdown of a marriage or common-law relationship. Marriage and relationship issues come right after job losses on the top reasons why homeowners default on their mortgage.
Mortgage Lenders generally assume their mortgage security extends over all of the fixtures in a mortgaged home. That is not always the case. Notices of Security Interest (NOSI) are a way that other creditors can give notice that they claim a higher-priority interest over certain fixtures in a home. Mortgage Lenders need to be aware […]
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Calgary, Alberta Canada