Comments on: Debts and Finances Forcing Us to Move Out of Country http://www.creditinfocenter.com/wordpress/2009/10/19/debts-and-finances-forcing-us-to-move-out-of-country/ For the Up To Date News Tue, 07 Feb 2012 22:26:40 +0000 hourly 1 http://wordpress.org/?v= By: Ceressa http://www.creditinfocenter.com/wordpress/2009/10/19/debts-and-finances-forcing-us-to-move-out-of-country/comment-page-1/#comment-6050 Ceressa Thu, 22 Jul 2010 11:21:21 +0000 http://www.creditinfocenter.com/wordpress/?p=4672#comment-6050 Dear Kristy, Thanks, creditors did pull my US report just to verify that I did have good credit to start new credit here in Canada. But now that I have started my credit here in Canada, if I apply for more credit than I don't think they will from now on because I have something up here to work with. Thank you again for your quick reply to my questions. Dear Kristy,

Thanks, creditors did pull my US report just to verify that I did have good credit to start new credit here in Canada. But now that I have started my credit here in Canada, if I apply for more credit than I don’t think they will from now on because I have something up here to work with.

Thank you again for your quick reply to my questions.

]]> By: Kristy Welsh http://www.creditinfocenter.com/wordpress/2009/10/19/debts-and-finances-forcing-us-to-move-out-of-country/comment-page-1/#comment-6046 Kristy Welsh Wed, 21 Jul 2010 19:40:37 +0000 http://www.creditinfocenter.com/wordpress/?p=4672#comment-6046 No company is going to cross international lines to collect from you. If you had committed murder in the US and fled to Canada, they might extradite you back to the US, but you are safe. :) I'm not sure if creditors in Canada will pull your US credit report. I am not familiar with Canadian credit at all. No company is going to cross international lines to collect from you. If you had committed murder in the US and fled to Canada, they might extradite you back to the US, but you are safe. :)

I’m not sure if creditors in Canada will pull your US credit report. I am not familiar with Canadian credit at all.

]]> By: Ceressa http://www.creditinfocenter.com/wordpress/2009/10/19/debts-and-finances-forcing-us-to-move-out-of-country/comment-page-1/#comment-6045 Ceressa Wed, 21 Jul 2010 18:56:19 +0000 http://www.creditinfocenter.com/wordpress/?p=4672#comment-6045 I am in the same situation also, but not yet at the short sale. I need help fast. I am a US citizen but a Canadian permanent resident (finalized March 2010). I bought a house in Maine 4 years ago. I moved to Canada 1 year ago because I got married to a Canadian Citizen and was offered a good job. My house has been vacant for 1 year and I am not late (yet soon will be) on any payments. My house has been up for sale for 1 1/2 years now and nothing due to the market and the state of the US. I have a mortgage and a home equity loan on the property. I will be very soon, be behind on my payments, therefore will look into a short sale of my house, but that is no guaranty. If it does foreclose, I know that Maine state laws states that they can do a deficiency judgment on the difference between market value (which is not good now a days) and what is owed and that is if it even is sold at an auction. The judgment will be around 20,000 or more depending on the auction. I have no plans of moving back to the states and my credit is perfect there and now I am establishing my credit in Canada (I have taken out a line of credit and one credit card). I just can't sell my property and I can't pay 2 mortgages any longer. My question is can they come after me in Canada on a US debt from foreclosure and what are the repercussions if I don't pay the deficiency judgment? Need help fast so I know what I am facing, can they garnish my Canadian paycheck, bad credit will follow me to Canada, and if I do ever go back to the US what will I face? I am hoping that you can answer me soon as I have about one month before I am behind on payments. Some more history, I have tried to rent it but can not rent it for enough money to pay the payment either, tried that and it put me in a worse situation than I was before I rented the property out, so that is not an option either. I am in the same situation also, but not yet at the short sale.

I need help fast. I am a US citizen but a Canadian permanent resident (finalized March 2010). I bought a house in Maine 4 years ago. I moved to Canada 1 year ago because I got married to a Canadian Citizen and was offered a good job. My house has been vacant for 1 year and I am not late (yet soon will be) on any payments. My house has been up for sale for 1 1/2 years now and nothing due to the market and the state of the US. I have a mortgage and a home equity loan on the property.

I will be very soon, be behind on my payments, therefore will look into a short sale of my house, but that is no guaranty. If it does foreclose, I know that Maine state laws states that they can do a deficiency judgment on the difference between market value (which is not good now a days) and what is owed and that is if it even is sold at an auction. The judgment will be around 20,000 or more depending on the auction.

I have no plans of moving back to the states and my credit is perfect there and now I am establishing my credit in Canada (I have taken out a line of credit and one credit card). I just can’t sell my property and I can’t pay 2 mortgages any longer.

My question is can they come after me in Canada on a US debt from foreclosure and what are the repercussions if I don’t pay the deficiency judgment? Need help fast so I know what I am facing, can they garnish my Canadian paycheck, bad credit will follow me to Canada, and if I do ever go back to the US what will I face? I am hoping that you can answer me soon as I have about one month before I am behind on payments.

Some more history, I have tried to rent it but can not rent it for enough money to pay the payment either, tried that and it put me in a worse situation than I was before I rented the property out, so that is not an option either.

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