She also would be willing to pay the Olivers or their heirs the $122,049.48 it’s worth in 2023 dollars so it is “hereby fully satisfied, related and discharged,” the petition said.Stefanon in her petition noted her parents paid off their 1963 mortgage on the house in 1971 and it doesn’t make sense that they wouldn’t have paid the Olivers the $20 a month on the smaller mortgage.The petition cites as legal basis B.C.
When Stefanon’s mother died, in 1999, she became a joint owner of the property with her father. When he died, in 2015, the property was transferred to her as sole owner. The mortgage never came up during either of the transfers, she said. Stefanon hired a skip tracer to search for the Olivers and he found John died in 2001 but could find no death certificate or obituary for Mary, who the petition estimates would be 111 today if she were alive. They had a son who lives in Surrey, but no grant of probate for either of his parent’s estates were found nor was a power of attorney listed for the mortgage payments.Article content
Stefanon said in her affidavit that she would like one day to sell the property “but am unable to do so because I am unable to provide clear title to a willing buyer” without discharging the mortgage. She said she she has been telling friends about the mortgage because “how many others are there out there?”Related Stories
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Source: financialpost - 🏆 7. / 85 Read more »