PEACHLAND – The owner of a Peachland house that burned to the ground was facing foreclosure by the bank for allegedly missing his mortgage payments.
The large, custom-made lakefront home caught fire very early Monday morning while the owner is out of the country.
The cause of the fire is unknown with police involved in the investigation.
In October, the Bank of Nova Scotia launched court action to force the sale of the property, claiming home-owner Ronald Robert Amyot has defaulted on mortgage and credit card debt totalling $2.2 million.
That matches the 2013 value of the property according to BC Assessment figures.
However, an appraisal for the bank valued it at $1.6 million.
Fire investigators have been delayed getting onto the site because the elevated, concrete parking pad is in danger of collapse.
The property is under 24 hour guard by a security company.