Mortgage Arrears Refinancing Solutions.
Mortgage Arrears.
Is Your Mortgage in Arrears?
Emergency Mortgage Assistance.
Ontario, British Columbia & Nova Scotia.
"Beyond Thankful!"
P. R.
Ontario Homeowner
What is Mortgage Arrears?
Mortgage Default Specialists.
Does Mortgage Arrears Affect Credit?
Mortgage Assistance Programs
If you have an existing mortgage that is held by a mortgage lender that reports to credit agencies such as Equifax or TransUnion, there is a possibility that late mortgage payments, including deferred mortgage payments, will be reflected on your credit report. This might affect your credit score and result in serious consequences with respect to obtaining future mortgage refinancing. Mortgage lenders, including private mortgage lenders, will review credit reports to review mortgage payment history and performance to determine whether the likelihood of their mortgage being paid as agreed, even with evidence of sufficient income and an acceptable credit score per underwriting guidelines. A standalone incident might be excusable in the eyes of a mortgage lender, however chronic arrears or default judgements in relation to mortgage enforcement proceedings is much more of an uphill battle. We strongly urge real estate owners facing mortgage arrears to contact DV Capital to create a tentative action plan to remedy mortgage arrears to prevent further stress, legal action & costs.
Can you refinance mortgage arrears?
Solutions for Mortgage arrears.
Looking for mortgage arrears Help?
Missed Mortgage Payment Help.
DV Capital has over a decade of experience working with and helping real estate owners overcome financial distress, including mortgage arrears, property tax arrears, CRA arrears and stopping power of sales. We have mastered the art of remedying mortgage default with strategic financing solutions. Regardless of late or missed mortgage payments due to illness, unemployment, or the overall burden with costs of living in Canada, we will not judge you and help you with your mortgage arrears, property tax arrears, or condo fee arrears. We possess great experience with communicating with mortgage lenders and their enforcement lawyers to work out an amicable plan to help our clients reinstate their mortgage, or swiftly replace a defaulted mortgage in order to prevent legal action including a power of sale or foreclosure proceedings.
Property Tax Arrears?
behind on Property Tax payments?
condo Fee Arrears?
Help for Condo or Strata Arrears and liens.
It’s very important for condo and statra owners to be aware of their responsibilities and obligations and the consequences of overdue condo and strata maintenance fees. Falling behind on condominium maintenance or strata fees or not paying for a special assessment can result in a lien registered against your condominium or strata unit. In the event that unpaid condo or strata fees and or special assessment balances aren’t rectified, you may receive notice that a lien will be registered against your unit. Not only will this result in an uncomfortable living environment, you can lose your right to vote at meetings, have difficulty qualifying for a mortgage, and in the worst case, have your condo or strata unit sold under a power of sale or foreclosure if the issue isn’t rectified, depending on the respective regulatory rights awarded to condo corporations. For this reason one must be careful not to fall behind on condo or strata fees. If you’re facing condo fee or strata fee arrears, do not hesitate to contact us if you own real estate in Ontario, British Columbia or Nova Scotia.
solutions for Mortgage arrears?
missed mortgage payment help.
DV Capital is experienced with helping clients battling late, missed and bounced mortgage payments. We know how to effectively communicate with lenders and their legal departments regarding mortgage arrears. We maintain and leverage relationships with real estate lawyers well-versed with the mortgage arrears and default process to gather insights and direction on how to best assist our clients. We have experience bringing existing mortgages up to date to keep our clients foot in the door with an existing favourable mortgage product. Alternatively, if the mortgage must be repaid, we know how to swiftly replace a defaulted mortgage. We operate with a sense of urgency and communicate with all parties from start to finish. There are risks that real estate owners face if their mortgage arrears isn’t remedied that may eventually lead to the mortgage lender commencing mortgage default legal action such as a power of sale or foreclosure. If you’re a real estate owner facing mortgage arrears in Ontario, British Columbia or Nova Scotia, contact us 7-days a week for a confidential discussion; we will do our very best to help you succeed.
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