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- Take Care When You Forbear - mortgage forbearance agreements do not automatically rank in the same priority as the mortgage being forborne
Take Care When You Forbear - mortgage forbearance agreements do not automatically rank in the same priority as the mortgage being forborne
The team at CP explains how a recent decision of the Ontario Court of Appeal demonstrates that lenders must be careful when entering into forbearance agreements so as not to jeopardize their priority over subsequent mortgagees.