Selling a property to avoid foreclosure or power of sale?

Call or text us at 647-495-4260 for a fair, all-cash offer, often within 24 hours. We buy as-is, so there are no repairs, no listing, and no realtor commissions. We can close in as little as 7 days, giving you time to pay out the lender before a power of sale completes.

Most Ontario lenders use power of sale rather than foreclosure. After you fall into default, the lender must serve a Notice of Sale and give you a redemption period, typically at least 35 days, before they can sell. That window is often enough to close a sale with us. Confirm your exact deadline with your lawyer.

Yes. You remain the owner and can sell right up until the lender completes the power of sale. Selling and paying out the mortgage before that point lets you control the outcome and protect any equity. We can often close in as little as 7 days to satisfy the lender in time. Call 647-495-4260.

Selling and paying off the mortgage balance, arrears, and legal costs stops the lender's action, because their claim is satisfied at closing. Once we close and your lawyer sends the payout to the lender, the process ends. Acting early gives you the best chance to sell before the redemption deadline passes.

With power of sale, the lender sells your home to recover what you owe, and any surplus after costs comes back to you. With foreclosure, ownership transfers to the lender, who keeps any surplus. Most Ontario lenders use power of sale. Either way, selling first lets you control the result, confirm details with your lawyer.

Yes. A Notice of Sale starts the redemption period, but you stay the owner and can sell throughout it. Selling before the lender completes the sale usually protects more of your equity, since a lender's process adds legal and administrative costs. Send us the notice and we'll move quickly to close.

Often, yes. If your home sells for more than the mortgage balance, arrears, and legal fees, the surplus belongs to you. Selling on your own terms usually preserves more equity than letting the lender sell, because a power-of-sale price plus added costs can eat into your proceeds. Your lawyer distributes the funds at closing.

Yes. A completed power of sale or foreclosure, and the missed payments leading to it, can stay on your credit report for years and make future borrowing harder. Selling to pay off the mortgage before the lender completes its action helps you avoid that outcome and start rebuilding sooner. Your lender can confirm what's reported.

Usually those fees are added to your payout and settled at closing from the sale proceeds, you don't pay them out of pocket up front. Your lawyer confirms the exact payout figure with the lender. When we buy, the sale covers the mortgage, arrears, and those costs together in one closing.

Yes. Second mortgages, tax liens, and judgments are paid from the sale proceeds at closing by your lawyer, in priority order. As long as the sale price and any equity cover the registered claims, we can close. Send us the details and we'll structure an offer that works for your situation.

You have three main routes: reinstate the mortgage by paying the arrears plus the lender's costs, refinance the debt, or sell before the lender completes its sale. Selling is often the surest way to keep your equity when catching up isn't realistic. We make a cash offer, usually within 24 hours, and can close in as little as 7 days. A lawyer can confirm your options.

It varies, but Ontario's Mortgages Act sets minimums: the lender waits at least 15 days after default to serve a Notice of Sale, then at least 35 more days before it can sell. Many files run several months once the lender's listing and closing are added. That usually gives owners time to sell first, call 647-495-4260 and we'll move quickly.

Sometimes. If you have enough equity and can qualify, a new loan or private mortgage can pay out the lender and halt the sale. When refinancing isn't available because of credit or timing, selling before the lender's sale keeps you in control of the price and your surplus. We buy as-is if a fast sale is the better route.

Not necessarily. In a power of sale the lender can only keep what covers the mortgage, arrears, and costs, the rest is your surplus. But a lender-run sale adds legal and administrative fees that eat into it. Selling on your own terms before the lender acts usually preserves more of your equity. Your lawyer distributes the proceeds at closing.