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Same team, new name

Alger & Associates personal bankruptcy services are
now provided by
Grant Thornton Limited

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Bankruptcy Calgary Q&A forum

Question:

 

Hi, With current housing market prices, I owe more than my place is worth. What are my options?


From:

 

Grant Thornton Limited

Date:

 

Feb 22, 2017

Answer:

 

Hi Adam, It would depend on several different factors. A few would be whether you can afford the monthly payments and continue and if the mortgage is insurance by CMHC or Genworth. If you can continue with the payments, you may want to wait and list the property once the market improves which at that point it won't affect your credit rating. However, if you are struggling with the payments then you may want to discuss different financial options and how it may affect you with our office. We can be reached at 310-8888. We are happy to answer any concerns that you may have.

Susan Methuen
T 403-310-8888
susan.methuen@ca.gt.com

 

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