When a property is sold and there is a mortgage shortfall, the bank claims on the insurance policy and the insurer then chases the borrower for the mortgage shortfall debt.

When a property is sold and there is a mortgage shortfall, the bank claims on the insurance policy and the insurer then chases the borrower for the mortgage shortfall debt.
An accountant we know, recently referred us a client who owed over $230,000 in personal income tax. The accountant had attempted to negotiate a payment arrangement including a reduction of the tax debt. However, negotiations had been unsuccessful. Background information and our engagement We obtained the following general information regarding the client and her tax… Read more »
We have written in the past about how we have assisted clients settle mortgage shortfall debts, you can view them here and here. We are constantly helping clients settle mortgage shortfalls and this is another example of how we helped. Background Information We were contacted by Tim and Sarah (not their real names) about a debt… Read more »
We are aware of the pressures faced by individuals in financial distress. We can assist you in understanding the options available to deal with your debt.
With investment property values falling – sometimes below the mortgage value – take these 3 steps to avoid the bankruptcy & find a better outcome…
A debt agreement or bankruptcy are two options if you are facing financial difficulty – but how do you know which is best for you? The differences are explained here…
Considering a debt agreement? Go in with your eyes wide open: find out what the main benefits are but also understand some of the red flags to look out for…