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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.
As legal counsel to mortgage lenders, we are frequently asked by second or third mortgage lenders whether they should pay the arrears on a prior mortgage that is in default. Fundamentally, this is a business decision, not a legal one, but there are several factors that a mortgage lender should consider when making this decision. […]
As always, Hendrix Law is working to protect our lenders from claims made by government authorities, namely, Revenue Canada, when exercising their super priority, now even over a discharged mortgage. This coverage will be added to all residential and commercial lending policies by our office. Extended Super Priority Lien Coverage_1-pager_ROC_EN_Final
An excellent article from Mortgage Professionals Canada and summary Please note the disclaimer in the report. 2020-report-1—infographic-e https://mortgageproscan.ca/docs/default-source/consumer-reports/rapidly-evolving-expectations-in-the-housing-market—report-1-august-2020-en.pdf
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Calgary, Alberta Canada