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ARTICLE · 29 OCTOBER 2008

Importance Of Information-Gathering Before Choosing A Mortgage Enforcement Strategy

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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An indispensable initial step in the choice of the appropriate mortgage enforcement strategy involves the gathering of information by the lender and its legal advisors concerning the distressed loan.

CanadaReal Estate and Construction
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Copyright 2008, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Real Estate Mortgage Enforcement, October 2008

An indispensable initial step in the choice of the appropriate mortgage enforcement strategy involves the gathering of information by the lender and its legal advisors concerning the distressed loan. The goal of the information-gathering process is to obtain a complete understanding of the relevant facts and circumstances so that they may be collectively considered and the proper enforcement steps selected.

Information and documentation which should be obtained, collected and considered by the lender prior to choosing a mortgage remedy includes the following:

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