Sandy recently called our office desperate for some guidance. She told us her husband passed away three years prior and she was left with 5 children to support. She moved back to northern Alberta to be closer to her immediate family but decided to keep her southern Alberta home as a rental property. When the Alberta economy turned down in late 2014 it took the rental market with it. She struggled to keep up with the mortgage payments and could not seem to engage solid tenants. At this point, she no longer wanted to keep the property, along with all of the tenant headaches, and the difficult past memories. She tried to list the property for sale but it just would not sell for the price she needed to clear her mortgage out. The bank then forced her into the foreclosure process, which only escalated her costs further. In a bind, and not knowing where to turn, she did a bit of research and came to Alberta Foreclosure Stoppers for help.
Finding a Solution
Our office immediately went to work and came up with a solution. We implemented the necessary steps and were successful in untangling a web of paperwork and legal issues. We were able to help Sandy eliminate a deficiency judgment being rendered against her by her mortgage insurer (Genworth Canada). The solution we put in place helped eliminate the stress that this house was causing her, and we are happy to report that she and her family are now moving on to the next chapter of their lives. We recently received this feedback from her as a thank you for our services:
“I would recommend anyone who is going through a foreclosure to use ABFS Consulting. My consultant was very knowledgeable and explained the process step by step, and assisted me with the issues going on with the bank and Genworth. In these circumstances you get twisted and tangled in the situation, not knowing what you should do, or which direction to turn. Just know that there is someone out there that has the knowledge and can take the stress away and it really doesn’t cost a lot to have a clear understanding. ABFS Consulting was there for me with a friendly voice and knowledge to get me through a very frustrating foreclosure process.”
If you find yourself in a similarly stressful situation please contact us. Our consultants have decades of experience dealing with foreclosure and are here to help those experiencing it for the first time.
