ABFS Consulting Advice & News Blog
Dealing with the stress of Foreclosure
Dealing with a foreclosure can be a stressful and challenging time. It can take a significant toll on your emotions and leave you feeling at a complete loss. Rest assured you are not alone and help is available. We have listed some helpful advice to negate the...
Beginning the Foreclosure Process in Alberta
Many people come to us looking for help with very little understanding of the foreclosure process. It is a traumatizing experience to potentially lose the roof over your head so the primary goal of our company is to help build solutions to prevent this unfortunate...
What does Loan to Value Mean?
There have been many cases where clients have come to us because they were unable to get a new mortgage. Many were told their “loan to value wasn’t good”. So what exactly does that mean? First, let's start by understanding what it is. What is...
Bankruptcy After Foreclosure
We have stated before that bankruptcy will not solve a foreclosure in Canada because secured debts such as mortgages are not allowed to be included in a bankruptcy in Canada. Bankruptcies can only apply to unsecured debts such as consumer debt, credit cards,...
Accepting a Home in a Family Settlement
Before accepting title to any real estate it is essential to know your financial and legal obligations. This is especially true in agreements between family members. We have reviewed a few cases now where a person accepted a home from another family member in a...
Can I just give the bank the keys to stop a foreclosure?
There was a time where you could hand in your house keys to the bank in the event your mortgage was valued higher than the home and you could no longer afford the financial obligations of homeownership. In some circumstances and in some jurisdictions this still...
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