Writ of Execution- Time limits?
I live in Toronto, and have a writ of execution against my house for about $30,000and shows up when I do a writ search at the land registry office. The writ was issued in year 2009. However it does not show on a lien search done on my house. I have not contacted them for many years now.
If I sell the house will this writ still be valid and the money will be taken out before I get the equity?
Is there any time limits on writs of execution against property? Any renewal time limit?
If the answer to above is yes, Is there anyway that writs could also be negotiated. Can I offer them a percentage and they can take the writs off the house?
Any other suggestion will really be appreciated.
Thanks