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mikeesik mikeesik is offline
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Join Date: Jun 2003
Location: Dedmonton
Posts: 1,577
Getting a Loan against cash in a trust. -? ?

Hello.

I'm curious if I'm able to get a loan against money, i.e a house sale that the cash is in a trust account.
Reason that the cash is in a trust is that I am going through a Divorce.

My x is dragging her a$$ to be a pain to settle in any way.

The house was sold for a bit less than $500000 and was paid off.
There is a significant amount of cash coming towards me as I am entitled to 75% of the purchase price , due to having the house paid for by yours truly prior to marriage

I am not working due to a car accident and money is tight. I am on disability through an insurance plan.

I am asking you people if it is possible to get a Loan against this money in the Law Society trust account.?
My atty is aware of what I'm trying to accomplish and it is perfectly legal.

Does anyone have knowledge and experience in this and can recommend an agency ?
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Old 05-30-2012, 07:31 PM
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