Alberta homeowner faces roadblock over someone else’s debt – Lethbridge

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Woman who bought a home in Coutts, Alta., three years ago says she was unable to secure a much-needed loan due to nearly $15,000 debt on her title land belonging to the previous owner.

Natalie Elliott bought the house in 2019 through a cash transaction. She took possession of it on June 15, with an official transfer of the land title on June 26 of the same year.

About 10 months later, on April 24, 2020, she successfully secured a mortgage.

“I got a mortgage on the property (when) COVID (-19) first hit because I wanted to make sure I had money to make sure (we had food ),” she said.

“And of course, I was a brand new mom.”

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However, it wasn’t until last May that Elliott ran into an unexpected hurdle while trying to secure another loan. She needed more financial support while waiting for disability benefits.

“I was trying to settle the loan, and that’s when (the lenders asked me if I) was paying off that other loan,” she said.

“I said, ‘What other loan?’ They said, ‘With CIBC.’ And I’m like, ‘I’ve never done business with CIBC.’ »

According to documents provided to Global News, a writ of execution was filed on the property on May 26, 2020, but under a different name.

The debtor was named as the previous owner, with whom Elliott said she had nothing to do.

Although her name does not appear anywhere on the writ, she alleges that she was denied financial support due to the $14,827.79 debt associated with her property.

“On closer inspection, there are stamps on it from 2017 and 2018, so it’s like, how did that happen?”

Elliott said she did not recall seeing any mail or phone messages regarding the writ at the time it was placed, although she admitted it could have been misplaced or lost in the mail.

“I don’t think I was told, but I may have,” she said.

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After learning of the situation, the single mother said she tried to contact CIBC several times by phone and in person at a branch in Taber.

Elliott said one of the most frustrating parts of the situation was dealing with it in a timely manner after spending weeks searching for answers.

“I don’t know if there are other people who have dealt with this and just paid someone else’s debt because of the difficulty of going from one person to another” , she wondered.

CIBC declined an interview request, but released a statement about it.

“This is an unusual situation, and we sincerely regret the additional concern and complexity this has caused Ms. Elliott in working with her mortgage lender,” read a CIBC statement sent Wednesday.

“We are working as quickly as possible to resolve this issue by removing the writ from her property through the land titles office, and we continue to have discussions with her about how we can help her resolve this issue. .”

After Global News contacted CIBC, Elliott said she finally received a response.

“They offered compensation because I had to kind of hustle and borrow money from people to pay bills that I was late on because I have limited income at the moment,” he said. she declared.

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CIBC provided Elliott with a written letter erasing her from the writ, which she took to the lender in an effort to secure the loan she first applied for in the spring.

© 2022 Global News, a division of Corus Entertainment Inc.

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