Power of Sale / Foreclosure – Oshawa Region

oshawa-ontario

There are times when making your mortgage payment each month becomes a real financial struggle. Everyday Canadians are affected by the unexpected such as layoff, sickness or other life events that happen to the best of us! The problem is, if you miss your Mortgage payment, even just once, your lender has the right to declare you in default. Have you already received written notification that you are in default? If so, you need to speak with a real estate attorney to shield your rights in the process. The content of this article should not be construed as legal advice! – – Read More..

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Power of Sale / Foreclosure – London Region

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There are times when making your mortgage payment each month becomes a real financial struggle. The problem is that if you miss your payment, even just once, your lender has the right to declare you in default. Have you already received written notification that you are in default? If so, you need to speak with a real estate attorney to shield your rights in the process. The content of this article should not be construed as legal advice. It simply gives you a basic look at how foreclosure and power of sale both work. They both can lead to you – – Read More..

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Power of Sale / Foreclosure – Kitchener Region

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If you are one of the unfortunate Canadians who have lost a job, became ill or suffered some other sort of financial setback, making or continuing to make your monthly mortgage payment can be a real difficulty. The problem is that if you miss your payment, even just once, your lender has the right to declare you in default. Have you already received written notification that you are in default? If so, you need to speak with a real estate attorney to help shield your rights in the process. The content of this article should not be construed as legal – – Read More..

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Power of Sale / Foreclosure – Halton Region

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Most of the time, the period between initial default on a mortgage and the final transfer of ownership through Power of Sale or Foreclosure takes a number of months. However, once the process begins, it can be almost impossible to stop – and it can end up with you and your family without a place to live and with a credit score/profile that could make getting even an apartment lease a challenge. If your lender has already notified you of your default, you need to speak with a real estate attorney to shield your rights in any process started against – – Read More..

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Power of Sale / Foreclosure – Guelph Region

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The foreclosure process is one which usually takes several months to unfold in the vast majority of cases, but, it is also one that moves inexorably once it begins, can end up with you and your family without a place to live, and with a credit score in ruins. If your lender has already provided you notice of default, then you need to speak with a real estate attorney to shield your rights in any process started against you. This article does not provide legal advice but just gives you a basic look at how foreclosure and power of sale – – Read More..

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Power of Sale/ Foreclosure – Barrie Region

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One of the scariest experiences you can go through is the worry you may lose your family home. If you miss even one mortgage payment, lenders see that as a Default and, depending on your payment history, it may be enough to start a legal process which ends with your family on the street, homeless. Has your lender already notified you in writing that you are in default? If so, it’s time to talk to a real estate attorney to make sure all your rights are upheld. This article is not legal advice but instead is an overview of the – – Read More..

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Power of Sale / Foreclosure – Waterloo Region

Waterloo-Region Power of Sale

If you’re a homeowner paying a mortgage, going through a job loss, divorce or severe illness, your ability to make your monthly payments can fall into jeopardy. If you miss just one monthly payment, your lender has the option of finding you in default and starting the process of taking your home away. If you’ve already received the letter starting this process, then you need to reach out to a real estate attorney to make sure your rights are secured. This article is not intended to provide legal advice; it is just an overview of how foreclosure and power of – – Read More..

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Power of Sale / Foreclosure – Niagara Region

Niagara-Region Foreclosure Power of Sale Options

The biggest check that most people write each month is the payment on their home mortgage. When financial crises hit, it can be hard to make that payment each month – which means that a borrower can enter default within a month or two of losing a job, going through a costly divorce or developing a costly medical condition. It only takes one missed payment to start the default proceedings, depending on the lender, and if that process has gotten underway for you, it’s time to talk to a real estate attorney about your rights. This article details the two – – Read More..

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Foreclosure Rules in Canada

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When there is a foreclosure in Canada, the rules can seem fairly complex — but if you are a homeowner, it’s vitally important to understand when and how you need to defend yourself. Many homeowners believe foreclosure means automatically losing the house, but this isn’t always true. What happens when you go into foreclosure depends on a number of different factors, such as your financial situation and whether you decide to defend yourself and your home against foreclosure. Of course if you do nothing, you are nearly guaranteed to lose the home and have a serious stain on your credit. – – Read More..

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Power Of Sale GTA

Power of Sale Foreclosure options for the Greater Toronto Area

How HOS Financial Can Help Home Owners Stop Power Of Sale In GTA When a letter arrives advising a homeowner of a Power of Sale, it’s often a frightening experience. Power of Sale GTA, as elsewhere, is widely seen as an unstoppable process which results in the homeowner losing their home and having to move. The situation is particularly dire for homeowners with low credit scores — for these homeowners, most mortgage professionals are unable to find replacement lenders to satisfy the one which is moving ahead with Power of Sale. Fortunately, Power of Sale is not as unavoidable or – – Read More..

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