CMHC Judgement
Question: Me and My wife had a house together. We are now divorced. She left the house but would refuse to sign to sell the house. I had many good offers but was not able to sell it because her name was on the properties. By the time I received judgement to sell the house, it was too late and went to foreclosure.
I receive a letter in the mail from CMHC that I owe $11000. Its basically a judgment against me. I am not sure if my ex-wife received this letter or not. I am trying to figure out what is my best option to resolve this. Am i solely responsible for this? What can I do at this point. Do I take her back to the court?
Answer: It appears that CMHC is pursuing you for $11,000. If the mortgage was joint with your ex-wife, than they will also be pursuing her for the $11,000.
As for your options: First, you could contact CMHC and attempt to negotiate payment arrangements. You could offer to start making monthly payments.
Second, if you have good credit, you could get a loan and then use the money to repay CMHC.
If you have other debts, a consumer proposal or a bankruptcy may also be options. Without knowing your full situation it is impossible to be more specific.
We recommend that you meet with either a credit counsellor or a bankruptcy trustee for a free initial consultation to review your options in more detail.