Avoiding Foreclosure Montreal and Quebec If you face a potential foreclosure in Montreal, you should take immediate action. Contact your lender immediately. Foreclosures are an expensive and time consuming process, so it’s likely your lender will be eager to avoid it if there is a better way for them. For example, if you have made payments reliably but recently experienced a rare emergency (such as job loss or injury) that kept you from making payments, many lenders will accept this and be happy to work out a new payment schedule. Nevertheless some lenders will not be willing to help, regardless – – Read More..
How Home Owners Facing a Power of Sale in Ottawa Can Save Their Homes The first step any homeowner should do if they receive a letter threatening power of sale foreclosure is simple. They should contact their lender immediately! (power of sale foreclosure) The fact is that in many cases the lender does not, in fact, wish to go through with the time consuming and expensive process of a Power of Sale in Ottawa. Rather, the lender feels they have no choice but to do so in order to rescue their money. Power of Sale Foreclosure Guidelines If the homeowner – – Read More..
How to Stop a Power of Sale in Brampton Mortgage lenders recall mortgage loans for a variety of reasons. For the homeowner, in any case, the reasons are irrelevant — what matters is that they face the loss of their home. When a mortgage is recalled, and if the homeowner cannot find alternate financing, the mortgage lender will attempt to use a “Power of Sale” to sell the home and recoup their money. Fortunately, it is possible for the homeowner to stop this and keep their house. Power of Sale in Brampton Power of Sale vs. Foreclosure A Power of – – Read More..
Stopping a Power of Sale in Hamilton If you or someone you know has received a letter threatening foreclosure or Power of Sale in Hamilton, take up contact with the lender immediately. Foreclosure or Power of Sale is an expensive, time consuming process, and it’s likely that the lender would prefer to avoid it if at all possible. This is especially true if you have been reliably making your payments but now face rare emergency circumstances — like the loss of a job, a sudden illness, or an injury — which prevented you from being able to meet your monthly – – Read More..
How HOS Financial Can Help Home Owners Stop Power of Sale in Ontario Power of Sale in Ontario is a frightening prospect for many homeowners, especially those with a low credit score. Most mortgage professionals are not able to find a sub-prime lender to replace the existing one, which means that a homeowner facing Power of Sale often feels compelled to sell their home. Fortunately, this often isn’t necessary. HOS Financial has established a program which allows many clients to pay off their existing lender without having to sell their home. Power of Sale Ontario Canada: What Is an Ontario – – Read More..
How Home Owner Soon Can help Home Owners stop Power Of Sale in Mississauga Facing Power of Sale in Mississauga? The global financial recession has caused untold suffering to many people. For some homeowners, it has meant falling behind in their mortgage payments, something that puts them at a risk of losing their homes either through foreclosures or Power of Sale. If you live in Mississauga and are faced with the same predicament, you are not alone. But luckily for you, there is a solution. Believe it or not, you could keep your house, the place you have called home – – Read More..
How HOS Financial Can Help You Stop Power of Sale Foreclosure Ontario With lenders increasingly willing to recall or not renew mortgage loans, many homeowners find themselves in a difficult position. Whether the issue is missed or late payments, low credit scores, or a sub-prime lender who is no longer in the Canadian mortgage business, homeowners may feel compelled to sell their home in order to stay afloat. This is particularly true for “orphaned mortgages,” where a sub-prime lender such as Accredited, N-Brook, Wells Fargo, Citi Financial, or GE Money is unable to renew the Mortgage not because the homeowner – – Read More..
How Home Owner Soon Can Help Home Owners Stop Toronto Power of Sale When a homeowner receives a letter from their bank or lender threatening a Power of Sale in Toronto, they should immediately contact their lender. The issue may be as simple as an emergency such as illness, job loss, or injury which forced them to miss some payments — in this case, the bank or lender may be able to provide some assistance. If this is not the case, or if the bank is not willing to help, the process moves to what’s known as a Power of – – Read More..