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nanookbear1 asked:
I am looking for anyone who would have any advice on foreclosure matters. I was just served with a default of payment notice from an attorney concerning my home loan, the attorney has asked me to write a proposal with the due date being the 16th of this month. however i do not know what a proposal consist of and there is no one at the office all week.
i was also wondering if there is a reinstatement period after a default of payment has been issued and how long does that give me? they have not listed my house in auction or in the paper as of yet. but the bank will not speak to me.any advice at all or personal experience please i am residing in canada and i truly wish to keep my home all the default payments can be made i just need another month or so that is why i am asking about how long the reinstatement period is after default has passed.
thank you 
the lawyer is out of the office all week so i cannot ask him.
also i have made arrangements with my bank and have talked to them but when i went for my chemo for my cancer i missed 2 of my arrangements now i have to go through this lawyer not the creditor who happens to be gone all week of my deadline. my payments have always been on time for the last 5 years its just now, i got sick 
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2 responses so far ↓
1 betty // Apr 14, 2008 at 8:50 am
I recommend that you talk to your own attorney.
right now I understand that in many parts of the world, including Canada that real estate market is not good.
The lender is better off with a performing mortgage than your house.
If you have the lender talk to your attorney, then the lender will know that you are serious.
the people at the bank are usually just minimum wage salaried people who do not care what happens one way or the other.
I recommend that you hire your own attorney who specializes in this area.
2 alterfemego // Apr 11, 2008 at 1:50 am
Google foreclosure proceedings in Canada. My best advise is you should have already been in contact with your lender. By not talking with them, you have put yourself in a worse case scenario.
I suggest you write that letter explaining how you intend to repay the debt and when. But talk to your lender !
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