Home foreclosure can be a traumatic experience. If you're a homeowner in financial distress, it helps to know what's coming, what to expect, and what you can do about it. In Alberta, the home foreclosure process can be time consuming, so if you're having a hard time making payments, you may be able to catch up before the foreclosure process is finished. Here's what you need to know.
What Causes Home Foreclosure in Alberta?
Many homeowners go into foreclosure in Alberta because of a missed mortgage payment. However, there are other reasons that a homeowner might go into foreclosure, including: