The plaintiff lender advanced construction financing secured by a mortgage over the borrower's residence and three vacant lots, and sought recovery of the deficiency after power of sale proceedings.
The defendant alleged forged authorization documents, fraudulent mortgage registrations, improper funding, bad-faith refusal of partial discharges, unlawful sales, non-compliant discharge statements, and an overstated balance.
The court rejected each defence, finding the signatures genuine, the fraud allegations unproven, the funding challenge unsupported, and the discharge statements compliant with s. 22(2) of the Mortgages Act.
Accepting the lender's spreadsheet calculations, the court ordered payment of $455,426 as of September 6, 2023, plus applicable interest.