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    cvantoen's Avatar
    cvantoen Posts: 1, Reputation: 1
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    #1

    Apr 17, 2010, 01:15 PM
    What is the procedure/ process for addressing arrears on residential mortgages in Ont
    I am the holder of a first mortgage on a residential property in Ontario.
    The debtor is in arrears and I would like to understand the process I need to follow to either get the arrears paid or "call" the mortgage.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    Apr 18, 2010, 09:23 AM

    If you try to do this yourself, it will be an eternal headache for you. I suggest you have a conference with your solicitor and have him advice the proper avenue to follow.

    Tick
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #3

    Apr 18, 2010, 09:49 AM

    The first step to doing anything is to send a letter demanding payment, setting for the amount(s), giving a deadline. Send it receipt requested.

    And then follow Tickle's (good) advice.
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #4

    Apr 18, 2010, 10:45 AM

    Yes, cv, you probably know the Canada Post procedures. Send it registered mail whereby it has to be signed for, at the address, or Federal Express (signed for on receipt). I wouldn't worry about the expense of sending it any way where you get it signed for; therefore insuring no excuses.

    Tick
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