Selling Your House to Get Out of Debt

The first question you need to ask yourself is Can you continue to maintain your house, while still digging yourself out of debt. Can you afford mortgage payments? Taxes? Maintenance costs? Utility bills? How about paying all those bills while working to pay off your debt? If your house is getting you deeper into debt, … Continued

How Power of Sale Will Impact You In Greater Toronto Area

Across the country, people are still losing their homes to power of sale every day. The banks are taking houses and leaving hard-working people with nothing to show for it. If you are behind on your mortgage, you don’t have to let the fear of power of sale ruin you. There are alternatives! In our … Continued

Notice of Sale in Ontario – what is it?

If you’ve gotten a notice of sale and want to know what the heck is going on, keep reading. Basically, a notice of sale is a document that has to be filed by a lender to start the process of power of sale. The notice of sale is a very important step within the power … Continued

What is Pre-Foreclosure?

If you live outside of Ontario, New Brunswick, Newfoundland, and PEI and your lender is unable to go through Power of Sale, you risk facing foreclosure. With an increasing number of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. Since foreclosure is a process, all is … Continued

How to Avoid Power of Sale in the Greater Toronto Area

There’s a lot of coverage today about the cooling GTA market and new mortgage qualification criteria. Many homeowners are unable to continue tapping into their equity and are struggling to make their mortgage payments. If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your … Continued

Understanding the Foreclosure Process in Ontario

Understanding the foreclosure process in the Ontario is an important part of navigating your own home foreclosure. Before we dive in… What is power of sale anyway? Foreclosure is the lengthy, expensive and judicial process of a lender taking title of a property, generally after the borrower stops making payments, and selling that property to … Continued