Harlan owns a rural farm in Nova Scotia. There is a mortgage on the farm in the amount of $100,000. The farm has a house, a barn and two machine sheds. He obtained a mortgage from the bank. Harlan decided that the house was too expensive to heat in the winter, so he turned the heat off and moved into one of the smaller machine sheds. All of the pipes burst. What action can the mortgagee take?

Question

Quizplus · Accepted Answer

The mortgagee can take action for possession because the property has been neglected, leading to damage (burst pipes), which may affect the security of the mortgage.

Harlan Owns a Rural Farm in Nova Scotia