Ontario · Receivership (court-appointed)
Motion Record of the Respondents dated June 12, 2025
Application / notice of application · 12 June 2025
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: At paragraph 14 of the Receiver's Notice of Motion and at paragraph 3 Section 4.0 of the Third Report, the Receiver states that the Applicant, Foremost Financial Holding Corporation (' Foremost ') will suffer a shortfall under its mortgage following the sale of the 3 Porte Road properties subject to this motion. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Foremost Mortgage Holding Corporation · creditor name: Foremost Mortgage Holding Corporation · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: However, once all 5 properties are sold, Foremost's indebtedness should be fully repaid. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Foremost Mortgage Holding Corporation · creditor name: Foremost Mortgage Holding Corporation · interim final: unstated · conditional on: once all 5 Porte Road properties are sold · claims qualifier: unstated · table missing: