Podcast Episode 3: “Mortgage Basics 3/9 – Personal Guarantees.”
A continuation of how mortgages work in Alberta including discussions of conventional mortgages, high ratio (CMHC) mortgages, personal guarantees, enforceability, assumptions and foreclosures. Also includes 10 very useful true and false questions and an explanation of the court process around a foreclosure.
Download the audio file (Mac control + click + “save as” / PC right click + “save as”) HERE.
The full-text version of this Tale from the Trenches can be found HERE.
Contact Barry McGuire now. Alberta real estate needs an Alberta lawyer.