Single family dwelling in Abbotsford BC has title in applicant’s sibling’s name. Applicants reside in dwelling. Requested to transfer title into applicants name via gifted equity. Applicants are actively in a consumer proposal with substantial balance still owing. Income to service coming from child tax credit, suite rental income, tables on diskette employment income and finally stated truck driving income.
Family of parents and son looking to raise some capital to purchase a commercial building for investment purposes. Both had good equity in their personal residences and were willing to explore ETO’s to raise this required capital.