What is the effect of a foreclosure proceeding on a first and second mortgage?
British Columbia, Canada
The following excerpt is from First West Credit Union v. Giesbrecht, 2014 BCSC 1446 (CanLII):
In the related rehearing proceeding, Justice Fitzpatrick found that a bona fide issue has been raised as to the validity and enforceability of the first and second mortgages. As a result of this determination, she added the foreclosure proceeding to the trial list: First West Credit Union v. Giesbrecht, 2014 BCSC 736.
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