Phone: 705-910-0533
Email: [email protected]
Mortgage Broker Store# 12800

Stop Foreclosure, Power of sales and Eviction Peterborough

Our specialized team of professionals can assist and provide you with the correct information if you are facing a power of sale or foreclosure and Eviction. They are well versed with the foreclosure process in Peterborough and can let you know the various possibilities you have available.

The “Power of Sale” requires the homeowner to be evicted from their home within 90 days from the time of default and is used by most lenders as it’s a cost efficient and quicker process. Whereas, a foreclosure involves court hearings and multiple court dates thus resulting in high legal costs which can be quite expensive.

The first step to follow in case you are facing a possible power of sale or foreclosure is to talk to your lender. It is advisable to explain your current situation and your alternate options to the lender which would allow you to request for more time to make outstanding payments. Inform them if you have any rental income or possibly a new job. Evading the lender will only quicken the eviction process and hence is not recommended. It is very necessary to act quickly during a Foreclosure or Power of Sale, as the lender’s lawyer will not delay any legal actions from his side.

Our expert team has the required expertise and resources to stop a Power of Sale or Foreclosure of your house and can present you with alternate options available to you. Our agents have years of experience in stopping Power of Sales in Peterborough and are in contacts with some of the best private money lenders in Canada. Our accomplished team of mortgage brokers can efficiently determine how to stop the Power of Sales and return your home back you. If required we can also contact the best lawyers to provide legal advice.

It is very important that you keep a copy of any notification or legal document sent from the Lender or their lawyers. The documents can include:

  • Notice of Default– This is the first notice of the Power of Sale or Foreclosure process and is received once the mortgage is in default for a period longer than 15 days.
  • Statement of Claim– The statement of claim gives you a breakdown of the total amount owed to the lender by the homeowner and has a 20 day response period.
  • Writ of Possession– A “Writ of Possession” is a legal document issued by the court. This document is then sent to the local sheriff who issues an “Eviction Notice” to the homeowner.
  • Eviction Notice– An “Eviction Notice” is legally enforceable document sent by the local sheriff to the homeowner. This document states the time and date that the homeowner is required to leave the property.

Please note that is important to have all the documents available when you call us and that you call us at the right time as each document has a time frame associated with it. In order to stop a Power of sale in Peterborough you will need to be connected to a good mortgage broker having contacts to a private lender and a lawyer who is familiar with the process, Our capable mortgage agents can help you get your home back in a short span of time once all the proper paperwork is completed.


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