How to Stop a Power of Sale

The power of sale process in Canada can be daunting, no question

For anyone that has gone, or is currently going through this, we know what you’re feeling and are here to help.

At this point, you’ve likely received some letters from the mortgage company/ bank stating that your home is in arrears and that you have a few options: Pay up or move out. You have all of your belongings in the home, and don’t know what to do now. With that being said, what are the next steps?

Since not paying off the debt is how we get into a power of sale fiasco in the first place, the “lump sum of cash” method to discharge the lien probably isn’t an option here. Selling the house on the other hand, will help remedy the situation, discharge the liens and push the creditors away. Since the power of sale process is timely in nature, and can result in court + sheriff fees, every day counts. We’ve purchase properties from families in the past, and worked with their creditors to extend closing dates and negotiate settlement timelines upon the receipt of a firm purchase agreement.

If you need someone to close quickly, on your terms, and without paying commissions or making repairs, we can help.

HOW THIS SERVICE WORKS:

STEP
ONE

CONTACT

Contact us using the form here and fill it in as best as possible.

STEP
TWO

RESPONSE

Someone will reply back to you asap about checking out your property. Sit tight, we’re coming.

STEP
THREE

MEETING

General on site meet and greet/ discussion about what service you need help with. Followed by a solution to help.

STEP
FOUR

CLOSING

Transaction day. Let the renovations begin!

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