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-   -   Statute of limitations in Manitoba,Canada (https://www.askmehelpdesk.com/showthread.php?t=575389)

  • May 9, 2011, 11:15 AM
    labbats
    Statute of limitations in Manitoba,Canada
    Hello,
    I live in Manitoba ,Canada.
    In 2001, I took out a loan through Wells Fargo.I was informed that they would hold two of my vehicles as collateral on the loan.
    I signed for the loan but then noticed that they had also included my house as collateral.
    (should have read it a little closer before signing)
    I asked why this was and was told by there loan officer that this was a formality.
    I checked with Land Titles in 2002 and yes there was a lien against my house by Wells Fargo.
    My financial situation went from bad to worst and I stopped making payments around 2002.
    They have since passed this onto several collection agencies.
    I have received letters from these agencies over the years,but have not responded to any.
    It's now 2011 and I'm still receiving collection letters which offer discount opportunities for repayment.
    I now suddenly find myself able to pay off my mortgage in full and own my home.
    My questions are.
    1:What is the statute of limitations for Manitoba?
    2:Can I pay off my mortgage with this still going on?
    3:If I pay off my Mortgage ,what happens to the lien imposed by them?
    4:Can I be sued.

    Thanks for any help you can provide on this issue.

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