Visit my website CorporateBully.ca - $100,000 - MISTAKE (FISHERMEN'S LOAN) Your opinion on this contract. Was this contract missing certain information concerning monthly payment date and amount of monthy payment.:mad:

Hello Bully:

I didn't see your contract. All I saw was what YOU said about your contract. I think you cut off your nose to spite your face. Bummer, Dude!

But, NO. I don want to JOIN your organization unless you make me president and pay me big bucks.

excon

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Originally Posted by excon

But, NO. I don wanna JOIN your organization unless you make me president and pay me big bucks.

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Oh please excon, I am sure you would settle for a vice presidents role with big bucks :)


Bully,
If you want people to support you, you need to prove your case.

Post your contract, because Royal Bank might very well be justified if they are following the contract.

You say they aren't, OK, but if we can't see it, how can we say for sure?

My contract is located on my website CorporateBully.ca - $100,000 - MISTAKE (FISHERMEN'S LOAN) click on documents.

Ok, I took a look. The contract states the installment payments are "subject to demand, frequency and Date(s) of payment".

I would tend to agree with you that this contract called only for Annual payments. However, it appears that the contract is incomplete. I would be surprised that such a contract was all on one page. So I think something is missing.

BUT, I don't understand how you let it go so far. I don't think the laws are that different in Canada where the bank can just seize your property. They have to go through a foreclosure hearing. You (and your attorney) should have been at that hearing pleading your case. If the court sided with RBC Then you should have made arrangements to pay what they wanted to stave off foreclosure. If you had to, get a loan from another lender with terms more favorable to you and pay off RBC.

For you to let it go so far that they seized and sold your boat, then seized and sold your home seems to me cutting off your nose to spite your face. Its one thing to stand on principle, its another to drown in it.

So, my opinion is that either you brought this on yourself by fighting a losing battle or there are things you aren't telling us (I suspect the latter).

The Website Link Shows The Complete Contract. The Royal Bank Did Not Seize My House. I Let Them Forclose On My House Because I Had Know Way To Pay The Mortgage Or Up-keep, Without A Boat To Make A Living.

Foreclose/Seize, same difference. You should never have let it go so foar that they foreclosed on the boat.

And I'm sorry, but I've seen loan documents before. I've never seen one so simplistic unless it was drawn up between to individuals. I can't believe a bank would have such a simple contract.

I Had Know Alternative, The Royal Bank Wanted Full Repayment In A Demand Letter. Yes, This Contract Not Only Left Out Repayment Terms, But Was Also Simplistic In Its Lack Of Details. Thanks For Your Help, Paul Fraser. Sydney - Nova Scotia, Canada.