Bank Lien On Property

Summary

If a bank has a lien on your property in Saskatchewan, they may enforce it to recover the debt. Its important to check if the lien is still valid and review the terms of the lien agreement. Answering a phone call from the bank could potentially be seen as acknowledgment of the debt, which might affect the statute of limitations. Consulting a local lawyer can provide clarity and help explore your options based on Saskatchewan laws.

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Ok about 6vyears ago maybe longer i had a bank call in on a line of credit for * i didnt have the money so i didnt pay they did however have a lien on a house i have and i havent talked to them in 6 years at all now can tbey take that house and sell it ? I live in saskatchewan canada and the bank was a conexus credit union
Hi****! In Saskatchewan, if the bank has a lien on your house, they may have the right to enforce the lien and potentially sell the property to recover the debt.
- Check if the lien is still valid.
- Review the terms of the lien agreement.
- Consult a local lawyer for specific advice.
Is there any other information you would like to know?
So im pretty well screwed then
Hi****, it might seem challenging, but there could still be options available to you. You should definitely consult a local lawyer to explore your options, as they can provide specific advice and assistance. Do you have any other concerns or questions about this situation?
Ive been ignoring a phone call does answering them mean they contacted me and can it restart anything ?
Answering a phone call can potentially be considered acknowledgment of the debt, which might affect the statute of limitations. However, specific rules can vary. Consulting a local lawyer will provide clarity based on Saskatchewan laws.
Do you have any other questions or need further information?