A borrower can still owe the lender money even after a power of sale is finished. That situation can happen when the house gets sold, but the money doesn’t cover the mortgage debt. If you still owe money after a power of sale, there are several techniques to handle the financial aftermath.         What Happens When […]

The Ontario real estate market is looking at the possibility of a rebound after a decline in home sales in 2024. Elevating borrowing costs and a fluctuating market saw a rise in the power of sale rates. There are implications on how the Ontario real estate market will affect the power of sale rates in […]

Missing a mortgage payment can be overwhelming, but knowing that you risk losing your home because of it can be devastating. However, by becoming aware of your options, the initial panic can become reassurance. You will not only gain the upper hand in the situation, but you will ultimately regain control. Lenders in Ontario can […]

A power of sale can significantly affect your long-term financial well-being, including your home equity and credit score. Learning how to navigate the process can mitigate the impacts. That starts by understanding 5 ways a power of sale can impact your financial future.  Mortgage Broker Store is a private lender that can help you with […]

PowerofSaleOntario.ca  is an excellent place for homeowners to get support and guidance and find the resources they need to negotiate a power of sale. Learning about homeowners’ rights during this process and different ways to navigate their financial problems is essential.  Why Connect with Power of Sale Ontario? There’s enough stress involved when a homeowner […]

People going through financial hardships can find themselves in a power of sale situation. It’s essential to know your rights if that’s what you’re going through as a homeowner. It’s equally important to ensure you know what to look for when it comes to common scams in the power of sale process. This blog will […]

The Ontario Mortgages Act strictly governs the power of sale process in Ontario. This legislation is designed to look after the interests of both homeowners and lenders. It covers essential features like how the proceeds after a sale are distributed and provides redemption rights for borrowers. This post goes into detail about the power of […]

Power of sale in Ontario is a legal process that has several steps. When a homeowner breaches the conditions of the mortgage, a lender can start this process, which can ultimately result in evicting the borrower. If you give in and let the power of sale happen, you’ll likely lose your house and the equity […]