when did BMO change their policy on assumables. When was the last date that it was still legal to assume a mortgage?
Bankruptcy Alberta: Free Information about Bankruptcy in Alberta
when did BMO change their policy on assumables. When was the last date that it was still legal to assume a mortgage?
This is something you would have to ask BMO about. I was aware their policy changed, as did many banks policies across Alberta. This was as a result of one of the largest scale mortgage fraud operations that hit Alberta about 3 years ago and due to the ability to abuse this policy most institutions reacted by restricting the use of assumable mortgages.