Hi
Bit of a saga! I bought a room in a hotel ( I know I know..) we were supposed to be paid 7% return per year for four years but the property went in to receivership.
Since then it has been bought by new owners who are under no obligation to honour the original agreement and won't.
My contract says that i am entitled 9 weeks occupany per year and as well as paying the mortage there is 10K dollars in additional costs with no return.
If I default can the bank in canada come after my home or will they just threaten me with action and not follow up.
I hope someone can help , I am really at the end of my tether...