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Mortgage Broker News | 26 Jan 2009, 05:48 PM Agree 0
Otéra Capital, the new subsidiary of Caisse de dépôt et placement du Quebec (CDPQ), has entered the commercial lending market and introduced its new management team.
  • D | 30 Jan 2009, 01:34 AM Agree 0
    I have been a mortgage broker for over 40 years. I find the bank are quick to do a power of sale after a payment is missed. Which incurres lawyer fees ; which are quite expensive. Why does not the lst mortgage inquire if there is a 2nd mortgage on the property and see if they will bring the mortgage up to date before Thousands of dollars are spent on a lawyer. Why,do not the banks provide information to the 2nd mortgage holder even when the 2nd mortgage holder have asked them for the information.The reason they do not give the information is because they fall back on the privacey law. Why,cannot the banks hand out a paper to their clients which meet their lawyers expectation that a 2nd mortgagee can get this information. Many power of sales could be stopped and thousands of dollars saved by the home owners if this was done. .YOURS TRULY DON. MADILL.
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