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

Short Sale vs. Foreclosure

Whether you’re a buyer or a borrower / seller, a short sale and foreclosure each present different advantages and difficulties. What Is A Foreclosure? In some provinces of Canada, Power of Sale is used instead of the more lengthy and expensive foreclosure route. If you live in a province where foreclosure is more common, here … 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