I’ve missed a few mortgage payments and am facing foreclosure. What do I do?
Foreclosure is a court process where the lender tries to take the property you mortgaged because you haven’t paid your mortgage. When you miss a payment, your lender may send you a reminder letter immediately. If they don’t hear from you or don’t receive the missed payment after that, they will send you a demand letter. In BC, the lender must send...
Type
common question
Last reviewed May 2024