Stop Power of Sale.
Prevent The Sale
Payoff the Lender
Renovate to Sell
Protect the Equity
Sell When Ready
mortgage arrears.
What are Mortgage Arrears?
Having one or more late mortgage payments due to non-sufficient funds can place your mortgage into arrears status. If this is the case, expect your mortgage lender to contact you to address the late payments. As a borrower, you are responsible for making your mortgage payments on time. Similarly, your mortgage lender is expected to collect and maintain payments from a performing loan. Despite your best efforts, failing to remedy the default or having subsequent mortgage payments bounce will eventually lead to your lender taking action. Your mortgage will either be noted in default with a payout demand or escalated into legal action to sell the property. In either case, it is important to address the matter as quickly as possible. If you’ve been served with a demand letter or a notice of sale please contact us immediately, time is of the essence.
What is a mortgage demand letter?
How To Fix Mortgage Arrears.
If you have received a mortgage demand letter from your mortgage lender in respect to your existing mortgage it is important to continue reading. A demand letter is typically the first step that your mortgage lender can and will take to enforce their security. Although you are well aware that one or more of your mortgage payments have bounced, the demand letter sitting in your mailbox is not just a friendly reminder. This document outlines the fact that you have one or more missed mortgage payments and the sum required to be paid within a certain timeframe. If you are unable to pay this sum, and or suspect that you will have trouble making the next scheduled mortgage and or property tax payment, please contact us immediately. Failing to comply with your mortgage demand letter can lead to the sale of your property.Â
What is a Notice of sale?
Instantly Stop a Power of Sale.
Firstly it is important to understand that a demand letter and a notice of sale are two different things. Although both documents specify that there is an outstanding sum of money that must be paid within a specific period of time, there is one distinct difference. The notice of sale will also warn the property owner that they have 30 days to comply with the notice of sale or that they will lose their equity of redemption period. In other words, property owners have a 30 day window to regain control over their property. Within only 15 days of mortgage default can you receive a copy of a notice of sale under mortgage. This is where DV Capital can demonstrate their ability, experience, and connections to get ahead of the 8 ball by arranging a swift solution that will STOP the sale of your property and protect your equity.
What is a Power of Sale?
Learn how to stop a Power of sale!
Despite your best efforts, if you weren’t able to comply with the demand letter or notice of sale that you received from your mortgage lender you can absolutely be faced with a power of sale. In so many words, your mortgage lender can obtain permission from the court to list and sell your home. That’s right. The court will provide your mortgage lender with the green light to sell your home as a remedy for your mortgage default. As if the situation at hand isn’t already stressful enough, it can get much worse. Depending on where you are at in the Power of Sale process, you can expect to see a gut-wrenching “for sale” sign on your front lawn. Worse, you can be paid a friendly visit from a sheriff who is there to evict you from your home. This is precisely why it is important to speak to a licensed mortgage broker at DV Capital to help you stop a power of sale!
What is a foreclosure?
Foreclosure Redemption made possible!
The foreclosure process is very similar to a power of sale in the sense that your mortgage lender can obtain court permission to sell your property. There is one alarming difference. With a power of sale, your mortgage lender will list your property on an open market and return to you receive all of the net equity after the mortgage balance(s), real estate commission, and legal fees. With a foreclosure, your mortgage lender can obtain title of your property and seize all of the equity, leaving with you nothing! Needless to say, it is imperative to get in touch with us quickly. DV Capital will help you with a foreclosure redemption to save your property!Â
What is an Eviction Notice?
Foreclosure Redemption Mortgages.
DV Capital has been successful with stopping evictions with our ability to quickly maneuver our clients through the treacherous default process. In fact, we have been able to help clients avoid eviction from their homes. Not only does this spare the property owner and their family from high levels of stress and embarrassment, but it also keeps them in their home. Our licensed residential and commercial mortgage brokers are well equipped to help stop an eviction and help you and your family or business move ahead wth a fresh financial start.Â
How to Stop a Power of Sale.
Stop Power of Sale - Toronto Mortgage Lender.
DV Capital specializes in helping property owners in Ontario and British Columbia stop a power of sale and foreclosure. Deciding on which possible approach to take will depend on the extent of the mortgage arrears and where you are in the default process. Having the ability to quickly structure and provide a mortgage approval despite you being turned down elsewhere because of your mortgage arrears, we can help you. We know how to communicate with mortgage lenders and their solicitors in order to help ascertain the total amount owing and the deadline to do so. As time is of the essence it is importantly reach out without fear of being judged, we understand that tough times happen to good people and will work relentlessly to help you stop a power of sale or foreclosure in Ontario and British Columbia.Â
Our Proven Process.
Fast & Transparent.
- We’ll provide you with a complimentary confidential discussion.Â
- We’ll provide you with a solution based on sufficient equity.Â
- We’ll show your lender’s lawyer our solution to STOP legal action.Â
- We’ll provide you with time to sell on your own terms if desired.Â
- We’ll be available to you 7 days a week, around the clock.
- We’ll help you save your room and your equity.Â
Property types.
Stop Power of sale & Stop foreclosure.
- Detached
- Semi-Detached
- Hi Rise Condo
- Low Rise Condo
- Mixed-Use
- Multi-Family
- Commercial
- IndustrialÂ
- LandÂ
- Cottage
- Student Housing
- Investment PropertyÂ
Stop Power of sale In Ontario.
We save homes in the following regions.
- Ajax
- Alliston
- Ancaster
- Aurora
- Barrie
- Belleville
- Bradford
- Brampton
- Brant
- Bracebridge
- Brantford
- Brighton
- Brockville
- Burlington
- Caledon
- Cambridge
- Carleton Place
- Chatham
- Cobourg
- Collingwood
- Cornwall
- Courtice
- Etobicoke
- Fergus
- Fort Erie
- Gananoque
- Georgetown
- Georgina
- Gravenhurst
- Grimsby
- Guelph
- Haliburton
- Halton Hills
- Hamilton
- Huntsville
- Innisfil
- Ingersoll
- Kanata
- Kawartha Lakes
- King City
- Kingston
- Kitchener
- Leamington
- London
- Markham
- Midland
- Milton
- Mississauga
- Muskoka
- Niagara Falls
- Newmarket
- New Tecumseth
- North Bay
- Oak Ridges
- Oakville
- Orangeville
- Orillia
- Oshawa
- Ottawa
- Owen Sound
- Parry Sound
- Pembroke
- Penetanguishene
- Peterborough
- Pickering
- Quinte
- Renfrew County
- Richmond Hill
- Sarnia
- Sault Ste Marie
- Scarborough
- Sharbot Lake
- St. Thomas
- Stratford
- Thornhill
- Thorold
- Thunder Bay
- Timmins
- Toronto
- Vaughan
- Unionville
- Wasaga Beach
- Waterloo
- Welland
- Whitby
- Windsor
- Woodstock
Stop Foreclosure in British Columbia.
We Save Homes in the following regions.
- Abbotsford
- Agassiz
- Aldergrove
- Burnaby
- Campbell River
- Cariboo
- Castlegar
- Chilliwack
- Cobble Hill
- Comox
- Coquitlam
- Courtenay
- Cranbrook
- Cultus Lake
- Delta
- Duncan
- Fraser Valley
- Fort Langley
- Greater Vancouver
- Harrison Hot Springs
- Kamloops
- Kelowna
- Ladysmith
- Langley
- Maple Ridge
- Mission
- Nanaimo
- New Westminister
- North Saanivh
- Parksville
- Peachland
- Penticton
- Pitt Meadows
- Port Coquitlam
- Port Moody
- Qualicum Beach
- Richmond
- Rosedale
- Sardis
- Sidney
- Summerland
- Surrey
- Tofino
- Tsawwassen
- Ucluelet
- Vancouver
- Vancouver Island
- Vernon
- Victoria
- White Rock
- Yarrow
