Quote:
Originally Posted by VladtheImpaler
I assume the mortgage was insured through CMHC? I believe CMHC will pay out the bank the difference. You might want to call CMHC, explain your situation (without naming names) and find out how things work and what is going to happen...
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Well, for those interested, I did call CMHC and they said that they only deal with the banks and would not come after me. If anyone, it would be the lender. CMHC said they do not take legal action against clients, even in default or foreclosure.