If you want to stop, buy or sell a foreclosure home in Scarborough or North York you should understand some of the laws governing the foreclosure process. Our Scarborough and North York agents have many years of experience buying, selling and stopping foreclosures, we can help you stop Power of Sale and Foreclosure in Scarborough and North York.
When a lender forecloses, the owner can pay off the mortgage or let the lender sell the property. A power of sale or foreclosure lets the lender take ownership of your home, leading to lost equity. If the bank is foreclosing or you’re selling your home in Scarborough and North York, we can advise you. The most important point is how much equity is in your home, if there is a large amount of equity you should do your best to stop the foreclosure or power of sale, if there is no equity you should not fight the foreclosure or power of sale. Most people fall in the middle of the equity range, needing a mortgage agent’s advice to confirm options.
For people interested in buying a power of sale or foreclosure property in Scarborough or North York, there can be great opportunities to make a substantial amount of money, or you could lose money if you are not fully aware of the laws governing the foreclosure process. As foreclosure specialists, we advise on avoiding traps and provide inside information on recent foreclosure properties. We help buyers secure the lowest price and assist sellers in getting more before the bank takes their home.
Legal costs for buying or selling a foreclosure can be high and often difficult to determine. Buyers face conditions like ‘AS IS’ and limited inspections with foreclosures, so we recommend consulting a lawyer.
Need to stop Power of Sale and Foreclosure in Scarborough? Speak with us, and we’ll connect you directly with a Power of Sale lawyer you need. We have you covered. Call 416-499-2122 or email ron@mortgagebrokerstore.com and gain expert advice!
