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Responding to a petition

By on January 14, 2011 in Foreclosure Process

Once you get the petition, the first thing you will have to do is file a response to the petition (Form 67), which tells the lender that you are going to want to respond to the statements that the lender has made and that you want to receive notice of the hearing of the petition. It also provides the [...]

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How does foreclosure impact tenants?

By on May 5, 2010 in Foreclosure Process

Received the following question from a tenant of a property in foreclosure: I’m renting an apartment in Vancouver and I’ve just received ‘petition to the court’. It seems that my landlord has not been paying the mortgage on the place we’re renting. What do we need to do? Should we find a new place to [...]

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Foreclosure process has started, can I still sell my house?

By on February 22, 2010 in Foreclosure Process, Foreclosure Solutions

Got a phone call from a homeowner in the lower mainland this morning. He has just received a demand letter from the bank’s lawyer giving him some time to pay back his loan before they will start the foreclosure proceedings. Unfortunately in his case he cannot come up with the arrears and the only way [...]

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Filing an Appearance

By on February 14, 2010 in Foreclosure Process

As of July 2010 the BC Supreme Court has eliminated the “Appearance Notice” is the BC Foreclosure Proceedings and replaced it with the submission of a “Petition Response Notice“. The first step you have to take after receiving the petition is to file an Appearance. We find that many home owners are so confused by [...]

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What will happen if you do nothing

By on January 11, 2010 in Foreclosure Process

Doing nothing is the easiest way to respond to foreclosure, but it has serious consequences. You can live in your home without making mortgage payments while the foreclosure proceedings are going on, which could be up to six months. But it also means that you don’t get any say in the court proceedings, which will [...]

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What happens when your home is sold

By on December 30, 2009 in Foreclosure Process

After the initial court hearing at which an Order for Conduct of Sale is made, there must be a second hearing to confirm the terms of the sale. The order made at the second hearing is called an Order Approving Sale. If you’ve filed a Response to the Petition, you are entitled to receive a [...]

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