Difference between revisions of "The Bank Is Threatening Foreclosure on My Home"

Supreme Court forms are also available online at the [http://www.courts.gov.bc.ca Courts of BC website]. Click on Supreme Court, then Practice and Procedures, then Act, Rules and Forms. For information on what should go into an affidavit, see the publication [http://www.clicklaw.bc.ca/resource/1037 “Can’t Pay Your Mortgage? What you can do if you’re facing foreclosure”].  

The court will set a date for a hearing of the Petition. The judge will read the affidavits and other materials and listen to the lender’s lawyer and to you. Generally, if you are in default, the best you can hope for is enough time to arrange for other financing to pay out the lender or at least to come up with enough to catch up your payments.  You can also use that time to try to sell the house, up to the time the lender gets an order for them to have conduct of sale.