Power of sale moves fast — especially in Ontario and BC. Understanding the process and acting quickly is critical to protecting your home.
Power of sale is a legal process used primarily in Ontario and British Columbia that allows a mortgage lender to sell your home without going through the court system. This makes it significantly faster than judicial foreclosure — and more dangerous for homeowners who don't act quickly.
Even after a Notice of Sale Under Mortgage has been issued, you have options:
In Ontario, you have the right to "redeem" your mortgage by paying all arrears plus the lender's legal costs within the redemption period. This immediately stops the power of sale process.
Private lenders can often move fast enough to refinance before the sale date. They focus on your home's equity, not your credit score — making them ideal for homeowners already in distress.
Having an experienced negotiator contact your lender on your behalf can result in payment plans, deferrals, or modifications that stop the power of sale process.
A pre-power-of-sale home sale lets you control the process, get fair market value, protect your credit, and walk away with your equity intact.
If you've received a Notice of Sale, every day counts. Get a free assessment now.