• Office: 905-277-2000
  • Mobile: 416-823-3434

What is Power of Sale Buying a Power of Sale

A power of sale is a legal process that allows a mortgage lender to sell a property to recover their loan if the borrower defaults on their mortgage payments. When a borrower misses payments, the lender can initiate this process, which involves sending a notice, followed by a redemption period where the borrower can catch up on payments. If the debt isn't paid, the property is sold, and the proceeds are used to pay the lender, with any surplus returned to the borrower.

Power of Sale Listings CHECK NEW LISTINGS

18 Mill Stre
New Listing
$1,079,000
3+3 Bed
4  Baths
Brampton
49 Blackberry Valley Cres
New Listing
$1,349,000
4 Bed
3  Baths
Caledon
37 Maplecrest Aven
New Listing
$499,000
2+1 Bed
2  Baths
St. Catharines

Register to Get Latest Power of Sale Daily Update

To get more information about a specific property or inquire about a power of sale, you should complete the form on the website and a member of their team will assist you. This is a standard call to action, and the process is not described in the search results provided, so the only way to get information is to follow their instructions.

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Akbar Zareh Broker Of Record Kingsway Real Estate , Brokerage Independently owned and operated. 3180 Ridgeway Dr, Missauga, Ontario L5L5S7
zareh.akbar@gmail.com
  • Mobile: 416-823-3434
  • Office: 905-277-2000
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