Power of Sale and Foreclosure Solutions
Power of Sales Start and Move Fast. Stopping It Starts Here!
Received a Notice of Sale. Act Now Before Fees Increase
You Are Not Out of Options.
Ontario lenders are issuing more Notices of Sale than at any point in the last decade. If you received a legal letter or your lender refused your payment plan, you still have options. Our team helps homeowners stop power of sale, cover arrears, and refinance before the lender takes your home.
Power of Sale moves fast in Ontario. Fees increase every day and lenders rarely negotiate once legal action starts. We step in early to stop the process. We review your arrears, lender fees, property value, income, and legal letters, then structure a refinance or private mortgage to pay out the lender and keep you in control, and in your home.
Our goal is simple. Stop the legal action and give you a clear plan forward. But, time is of the essence when you are dealing with a default, notice, or power of sale. The first step is to call one of our Licensed Mortgage Brokers and then complete your application online to ensure we can assist you in a timely manner.
Communication is Key!
We know dealing with lenders and their legal teams is overwhelming. Our licensed mortgage professionals explain the process in plain language and give you a clear plan. We do not judge your situation. We focus on what is needed to stop the Power of Sale and protect your home.
Avoid Foreclosure
Lenders must follow strict rules under the Ontario Mortgages Act before they can evict you or list your home for sale. We guide you through each step and confirm your timeline. Whether your lender is a bank, credit union, or private lender, we can help you stop enforcement and regain control.
We're here to help you,
You do not need to face this alone. We work with private and alternative lenders who fund fast, even when banks decline. These options can cover arrears, legal fees, property taxes, and help you keep your home while you stabilize your finances.
Steps you need to take so we can help.
Ontario homeowners are facing higher payments, renewal shock, and lenders who refuse payment plans. If you received a Notice of Sale or a legal letter, you still have options. Our team helps homeowners stop Power of Sale, refinance arrears, and prevent eviction. We review your timeline, explain each step, and secure fast financing when banks decline.
Call Us Now
Talk to us immediately and tell us everything; what lead up to the arrears, how much, property address, and what you have received.
Documents
Provide us with as much information as possible to better assist you further. Do not leave anything out, from the lawyers, to your current employment.
Apply Online
The Sooner you complete the application online, the faster we can provide you with options and potential solutions from lenders able to assist.
New Lender
We can close in many cases within 3-4 business days. But the from there we will still follow along with you to ensure you're able to exit the emergency lender.
If you received a Notice of Sale or missed payments, contact us now. We will confirm your exact deadline, review all arrears, and give you a clear plan to stop the Power of Sale before legal costs increase.
Power of Sale timeline Ontario step by step guide
Step 1.
Lender Must Wait 15 Days After Missed Payment
Once a payment is missed or significantly late, the Ontario Mortgages Act requires the lender to wait 15 days before starting Power of Sale. However, the borrower can still correct the missed payment during this time.
Warning:
Many homeowners ignore the first missed payment because the lender has not contacted them yet. This is a mistake. Interest, penalties, and NSF fees start immediately. The lender can begin enforcement once the 15 days pass.
Caution:
If you wait until the lender sends a formal notice, your arrears may already be too high for an A lender to help. Early action gives you the most options.
Step 2.
Send a Notice of Sale to Borrower
After 15 days, the lender can send a Notice of Sale. This letter confirms the borrower is in default and explains the redemption period. During this period, the borrower can bring the mortgage current by paying the arrears, penalties, and fees.
Warning:
A Notice of Sale is the official start of Power of Sale. This is not a simple late notice. The legal clock has started. You now have a limited redemption period.
Caution:
Many borrowers assume they can negotiate with the lender at this stage. Most lenders refuse payment plans once legal action starts. Costs will increase daily. Delay removes your ability to refinance with lower cost lenders.
Step 3.
Lender Issues a Statement of Claim
If the borrower does not fix the default during the redemption period, the lender can file a Statement of Claim. This claim seeks two things. Payment of the debt and legal possession of the property.
Warning:
The Statement of Claim is a lawsuit. It demands the full mortgage balance, legal fees, arrears, and possession of your home. If you do nothing, the lender can obtain a default judgment against you.
Caution:
Once a Statement of Claim is filed, legal fees rise quickly. These fees are added to the debt you must pay to stop Power of Sale. Waiting at this point makes refinancing more expensive.
Step 4.
Lender Applies for Possession
If the borrower does not pay the full amount or defend the claim, the lender can ask the court for a Writ of Possession. Once issued, the sheriff schedules the eviction. A Notice of Eviction is sent to the homeowner with the date and time they must leave. If they do not leave voluntarily, the sheriff can remove them.
Warning:
If the lender obtains a Writ of Possession, the sheriff will schedule an eviction date. You will receive a Notice of Eviction with a specific time and date. The sheriff can remove you and your family if you do not leave voluntarily.
Caution:
Once the sheriff is involved, time is limited. Emergency refinancing is still possible, but the cost increases and many lenders will decline files this late in the process.
Step 5.
Lender Sells the Property
Once the lender takes possession, they can list the home for sale. The property is sold in its current condition. All real estate fees, legal costs, and expenses are added to the borrower’s debt.
Any remaining money goes to the former homeowner, but most homeowners see little or nothing because Power of Sale costs are so high. Often times, fees can start around $20,000 and in many cases well over $100,000 when lawyers, and costs are added.
Warning:
Once the lender has possession, it is too late to stop the sale. Your home will be listed “as is” and you cannot control the price, the condition, or the sale strategy.
Caution:
Legal fees, real estate commissions, repairs, carrying costs, and arrears all come out first. Most homeowners receive little or nothing. You may even owe a shortfall if the sale price does not cover the entire debt.
Step 6.
Sale Proceeds Are Applied to Debts
Once the home, or property is sold, the proceeds are used to pay all legal fees, commissions, arrears, and the outstanding mortgage balance.
When the home is sold under Power of Sale, the sale proceeds must first cover:
- All legal fees
- All real estate commissions
- All enforcement costs
- All unpaid property taxes
- Any outstanding utilities if they form a lien
- All arrears owing
- The remaining principal and interest on the mortgage
If there is still money left after all of that, it goes to the borrower.
In most cases, there is nothing left.
Warning:
If sale proceeds do not cover the full debt, the lender can file a Writ of Execution for the remaining balance. This can lead to wage garnishment or the seizure of other assets.
Caution:
Once the home is sold, refinancing is no longer an option. Any chance of saving the property or protecting equity is gone. You also lose the ability to control how quickly the home sells or at what price.
Areas We Help Homeowners Facing Power of Sale in Ontario
Power of Sale can happen anywhere in Ontario. If you received a Notice of Sale, missed payments, or a legal letter from your lender, our team can step in. We work with homeowners across the province to stop Power of Sale, refinance arrears, and prevent eviction.
Below is a full list of the main regions we serve.
Greater Toronto Area
We help homeowners across the GTA review arrears, confirm the timeline, and secure fast financing when banks decline.
Cities We Serve:
Toronto, Mississauga, Brampton, Vaughan, Markham, Richmond Hill, Scarborough, North York, Etobicoke, York, East York
Central Ontario and Simcoe County
Support for borrowers facing Notice of Sale, sheriff eviction dates, or urgent refinance needs.
Cities We Serve:
Barrie, Innisfil, Bradford, Newmarket, Aurora, Georgina, Orillia, Collingwood, Midland, Wasaga Beach, Orangeville
Southwestern Ontario
We assist homeowners dealing with mortgage arrears, renewal shock, and lender enforcement actions.
Cities We Serve:
London, Kitchener, Waterloo, Cambridge, Guelph, Brantford, Woodstock, Stratford, St. Thomas, Sarnia, Windsor, Chatham
Eastern Ontario
Help for borrowers who received a Notice of Sale or need financing to stop enforcement.
Cities We Serve:
Ottawa, Kingston, Belleville, Cornwall, Brockville, Smiths Falls, Peterborough
Northern Ontario
Support for Power of Sale files where homeowners need fast funding or a private mortgage solution.
Cities We Serve:
Sudbury, North Bay, Sault Ste. Marie, Thunder Bay, Timmins
Golden Horseshoe and Niagara Region
We help owners prevent forced sale and protect their equity during enforcement.
Cities We Serve:
Hamilton, Burlington, Oakville, Milton, Halton Hills, St. Catharines, Niagara Falls, Welland, Grimsby, Port Colborne
Durham Region
Support for borrowers dealing with arrears, legal notices, or pending sheriff eviction.
Cities We Serve:
Whitby, Oshawa, Ajax, Pickering, Clarington, Uxbridge, Scugog, Brock
We assist homeowners across every part of Ontario. If your city is not shown above, we can still review your file and confirm your options. Power of Sale timelines move fast. Complete your application and we will contact you today to go through the steps, confirm your arrears, and build a plan to stop enforcement.
At Rebel Mortgage we know how stressful missed payments and legal notices can be. Our team explains the Power of Sale process in clear steps and confirms your exact timeline so you can take action before the lender takes possession. We work with private and alternative lenders who fund fast even when banks say no. Contact us today and we will help you protect your home and your equity.