When there is a mortgage in default in Alberta, the general practice by the lenders and lawyers is to prepare, research, and compile all the necessary documents required to proceed with the foreclosure in Alberta.
Tag Archives: property foreclosures
Foreclosure Process in Alberta
Foreclosure Process in Alberta is legal procedure when the property owner default the mortgage payments. In Canada, all mortgages are governed by separate provincial statutes. And each province has its own different ways of dealing with the Foreclosure Process. The Foreclosure Process in Alberta is similar to that of British Columbia, since both provinces utilize Judicial Sale. In Alberta, though, all foreclosures are carried out under the Court of Queen’s Bench.