CO-SIGNER TRAP: Why Banks Are Seizing Parents' Homes (The Hidden Liability) скачать в хорошем качестве

CO-SIGNER TRAP: Why Banks Are Seizing Parents' Homes (The Hidden Liability)

You paid off your mortgage. You have zero debt. Then the bank sends you a "Notice of Default" for your child's house. ✉️📉 The "Bank of Mom and Dad" is officially under attack. When young borrowers default on their mortgages (or get caught in "The Audit"), Canadian banks aren't suing the broke kids—they are bypassing them completely and aggressively seizing the paid-off homes and retirement accounts of the parents who co-signed. In this investigative report, we expose the legal traps: The "Right of Offset": How your bank can legally drain your personal checking and savings accounts overnight without a court order. 💸 Joint & Several Liability: Why the broker lied when they said you were "just a backup." You owe 100% of the debt. Deficiency Judgments: How banks sell the foreclosed house at a massive loss, then sue the parents for the $250,000 shortfall. ⚖️ The CRA Title Trap: Why owning "1%" of your child's home makes you liable for massive Capital Gains taxes and personal injury lawsuits. If you ever signed a paper to help a family member buy a house, you need to watch this immediately. The generational wealth wipeout has begun. 👇 SUBSCRIBE to protect your home and your retirement before the bank calls. #CoSigner #MortgageDefault #CanadaHousing #RealEstateCrash #Foreclosure #PowerOfSale #RightOfOffset #DeficiencyJudgment #BramptonLoans #RetirementCrisis 👉 Don’t forget to like, comment, and ✅ SUBSCRIBE for more updates on this ongoing crisis. ---------------------------------------------------------------------- ⚠️ DISCLAIMER: This content is for educational and informational purposes only. The creator is not a licensed financial, real estate, or legal professional. All analysis, data, and predictions are based on publicly available information and personal opinions, which cannot be guaranteed for accuracy or completeness. Risk of Use: You are responsible for any financial decisions. The creator accepts no liability for any loss or damage resulting from reliance on this content. Always consult with a qualified professional before making any decisions. This video is based on hypothetical scenarios and estimates to analyze potential trends in the British Columbia real estate market. All data mentioned should not be considered factual without verification from official sources.