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#Do ''not'' ignore the demand letter. If at all possible, you should get legal advice right away.  Then, try to negotiate with the lender to see if you can arrange manageable repayment terms.
 
#Do ''not'' ignore the demand letter. If at all possible, you should get legal advice right away.  Then, try to negotiate with the lender to see if you can arrange manageable repayment terms.
#If you can’t work things out with the lender, the lender <span class="noglossary">will</span> probably serve you with a BC Supreme Court ''petition'' asking for an ''order nisi'' of foreclosure. If granted, an order nisi <span class="noglossary">will</span> state the amount owing on the mortgage and <span class="noglossary">will</span> establish a time period — usually six months, but sometimes shorter — during which you can ''redeem'', or pay off the mortgage. At some point in the foreclosure process, the lender may also ask for an order that your home be sold, and for an order that the lender <span class="noglossary">will</span> have '''conduct''' (control) of the sale.
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#If you can’t work things out with the lender, the lender <span class="noglossary">will</span> probably serve you with a BC Supreme Court ''petition'' asking for an ''order nisi'' of foreclosure. If granted, an order nisi <span class="noglossary">will</span> state the amount owing on the mortgage and <span class="noglossary">will</span> establish a time period — usually six months, but sometimes shorter — during which you can ''redeem'', or pay off the mortgage. At some point in the foreclosure process, the lender may also ask for an order that your home be sold, and for an order that the lender <span class="noglossary">will</span> have ''conduct'' (control) of the sale.
 
#If you are served with a  foreclosure petition, it is important to get legal help. If you are self-representing, you must file a ''response'' document within 21 days of service, ''and'' deliver it to all parties along with any ''affidavits'' (sworn written statements) telling your side of the story.
 
#If you are served with a  foreclosure petition, it is important to get legal help. If you are self-representing, you must file a ''response'' document within 21 days of service, ''and'' deliver it to all parties along with any ''affidavits'' (sworn written statements) telling your side of the story.
  
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