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Mortgages - Mortgagee’s remedies

Thursday, September 29, 2016 @ 8:00 PM  

Appeal by the Toronto-Dominion Bank (bank) from a decision dismissing its application to terminate a tenancy agreement. The bank registered a mortgage on a condominium owned by Hosein. Hosein had made no mortgage payments since November 2012. The bank commenced mortgage enforcement proceedings. After her default, Hosein leased the property to the Boodhoo for five years on terms very favourable to Boodhoo. The terms of the lease did not cover the monthly expenses associated with the condominium. The bank’s application to terminate the tenancy agreement pursuant...