QUESTION:
i have a canadian property that will be going into foreclosure. I am a dual citizen living in the US. Will this efect my US credit rating. What are the implications for me in Canada? thanks, H.
david ingram replies:
Unless the property is in Alberta, the Canadian mortgage holder can pursue you in the US for any deficiency.
It will affect your US credit rating when they do.
If the property is in Alberta, it would be unusual for it to show up on your US credit report.
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david ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa Specialists
US / Canada Real Estate Specialists
My Home office is at:
US / Canada / Mexico tax, Immigration and working Visa Specialists
US / Canada Real Estate Specialists
My Home office is at:
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North Vancouver, BC, CANADA, V7N 3L7
Cell (604) 657-8451 -
(604) 980-0321 Fax (604) 980-0325
North Vancouver, BC, CANADA, V7N 3L7
Cell (604) 657-8451 -
(604) 980-0321 Fax (604) 980-0325
Calls welcomed from 10 AM to 9 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) expert US Canada Canadian American Mexican Income Tax service help.
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