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Using a Second Mortgage to Stop a Power of Sale: Pros and Cons
Read more about Using a Second Mortgage to Stop a Power of Sale: Pros and ConsPower of Sale notices can cause panic. All Ontario homeowners going through this troubling time must be informed of their options so they may save their property. One option is getting a second mortgage. Depending on the amount of equity held in the home, a second mortgage quickly brings money, potentially stopping the power of…
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How to Respond to a Statement of Claim in Ontario
Read more about How to Respond to a Statement of Claim in OntarioGetting a Statement of Claim in Ontario can be scary and tense, mainly as it deals with your house. Yet, knowing what this means, why it came to you, and how to answer right will keep your rights safe and make things much better. Ignoring this key document can lead to severe consequences, such as…
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Behind on Your Mortgage? Here’s How Judgment for Possession Happens
Read more about Behind on Your Mortgage? Here’s How Judgment for Possession HappensThere is a sinking feeling whenever someone misses a loan payment, which can escalate to a massive problem if unattended. An initial warning may be given, and your expenses will pile up. However, if you continue on this trajectory, as the worst-case scenario, the court might enter a ruling allowing the lender to take away…
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Can You Sell Your Home During a Power of Sale? Here’s What You Need to Know
Read more about Can You Sell Your Home During a Power of Sale? Here’s What You Need to KnowWhen you receive a power of sale notice, it can be a daunting feeling, casting a dark cloud over your future and home. At this point, a big question may arise: can you sell your home before the lender steps in? Luckily, the answer is often yes. Knowing how this works, what time you have,…
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