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Power of Sale Procedure in Ontario

Power of Sale procedure in Ontario All you need to know about the process:  The power of sale procedure takes effect when someone falls behind on mortgage payments and the lender recovers their investment. If using the...

29 July, 2019
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Buying a “Power of Sale” home?

Buying a “Power of Sale” home? Here’s everything you need to know before you do so. A home is sold by “power of sale” when the homeowner falls behind on their mortgage payments. The property is...

12 March, 2019
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Foreclosure vs Power of Sale

Ontario Foreclosure vs Ontario Power of Sale What are the differences between the two? By law, in Ontario, a mortgage lender has the right to take possession of property. This happens if mortgage payments have failed...

09 October, 2018