Canadian Real Estate Power of Sale and Foreclosures

COVID-19 has stroked Canadians very hard. We would not be surprised to know if you’ve lost your job or a part of your income. You may be trapped, in paying a bill or two, not forgetting the unpaid mortgages doubling your stress. In situations like this, you might fall into daydreaming and avoiding life realities. However, the point is we somehow have to deal with the bitter problems on our own, as escaping certain truths is temporary and fleeting.

   Canadian real estate power of sale and foreclosuresIt is very tempting to bury our heads in sand and hope for the better. However, in the long run, one can lose their home and its ownership.

We will initiate the talk by defining what power of sale and foreclosure is:

  • Power of Saleis in Ontario, New Brunswick, Newfoundland & Labrador, and Prince Edward Island.

Once you fail to pay your mortgage, the lender is obliged to give you notice with 35 days to pay the amount. If the buyer fails to return what he owes in time, then the lender (bank) can sell the property without the involvement of the courts. After the eviction, the lender is in a position to put his house on auction through a realtor just like those you find at

  • Judicial Foreclosure: is in British Columbia, Alberta, Quebec, Manitoba, Saskatoon, and Nova Scotia

Unlike the power of sale, judicial foreclosure deals with the involvement of courts in the process of eviction and sale.  This process takes a long time to undertake. It begins with a certificate of foreclosure handed to the lender by the court, transferring the ownership to him. After this, the buyer does not have access to all the financial gains from the property’s sale.

Let us start by letting you know in-depth about the process of the power of sale and foreclosure and how we can help you survive this situation with us!

What happens if you fall behind mortgage payments?

  1. If you fail to pay your mortgages on time and have not upheld the mortgage agreement, the power of sale begins. Usually, the homeowner has missed payment only.
  2. The lender (bank) delivers a legal notice of sale to the home owners. The usual time the lender waits for is 15 days. The provisions of the Mortgages Act direct the content and the person to whom the notice of sale is to get mailed. This notice is sent to every party involved as a guarantor, mortgagor, and to the interested party in the mortgaged property. This mass of people includes the party offering financial aid, the liens registered, and credit executors..
  3. This time is known as the redemption period. Here you can bring the mortgage you owe to the lender, which constitutes the entire debt. The debt has legal fees included incurred by the lender for rights enforcement.

Warning: If the mortgagor fails to pay the amount within the redemption period, the lender has the right to issue a Statement of Claim.  This Statement of Claim is issued for collecting debt and possession of the property. The eviction of the mortgager opens the room for the lender to list the property for sale on MLS to sell

  1. After getting the judgment, the lender (bank) would bring a court motion to get permitted for allowing the issuance of a Writ of Possession.
  2. After the issuance of the Writ of possession as a lender, you’ve to deliver it to the sheriff concerned with jurisdiction of the area where the property is located. The sheriff keeps a date for the homeowner to move out voluntarily. If they do not move out till that date the sheriff is responsible for the removal of the residing.
  3. After the home owners have moved, the property is ready to be sold. The process of selling is carried out using a realtor.  The lender is supervised to ensure the property gets sold at fair market price.CASH for Power of sale
  4. Once the lender is done with the sale of the house, the expenses incurred in the process are paid. The payment consists of the realtor’s fee, the lawyer’s fee, and other concerning expenses. These payments get paid through the money gained by selling the property. If all the expenses are unpaid, the lender has the right to sue the former buyer for the remainder. For more info, check out Tenerife Estate Agents guide to selling property.
  • Consequences of not taking immediate action when dealing with the power of sale or foreclosure:

We understand how it feels to become homeless and ruin your credits for over seven years. That is the very reason we are here to provide you with free help with the top 10 recommendations. If you are going through a hard time dealing with the power of sale, foreclosure, repossession, eviction, or seizure of your HOME, take a deep breath! Do not hesitate to make a call or text at, 1-416-409-7300.

We are here to help you stop, avoid or delay foreclosure and power of sale when it comes to losing your home. Avoiding or delaying can only worsen your condition. It is our headache to help clients successfully reclaim their home, going through the repossession of their house by bank or court. You can contact us for:

  1. Emergency Cash (if required).
  2. We will do everything to get you 2ndchance or help you move forward by downsizing your expenses.
  3. The redemption period is taken very seriously by us. Your reclaiming of the property is all that we work for!

Our legacy continues… since 1993

 We have successfully helped Canadian homeowners in need facing the power of sale, foreclosures, repossession, eviction and seizures since 1993 all across Canada and we can help you.

Contact us @ 1-416-409-7300 call/text

EMERGENCY CASH AVAILABLE ! Please fill up the form and call/text us at 1-416-409-7300

Canadian Cash Home Buyers

Speed, convenience, peace of mind, and financial motivations top the list of reasons a growing number of sellers are turning to Canadian cash home buyers
This is the option that a lot of Canadian home sellers are going with these days, especially if they want to sell their houses fast for cash.

Canadian cash home buyers purchase properties to fix it, add legal basement in-law suites to resell or rent them. If you have a property to sell, a Canadian cash home buyer will purchase it, regardless of anything else.

You make a phone call or answer, agree to an offer, and then it’s not something you have to worry about anymore. Selling your house for cash has similar benefits to trading in your old vehicle to the dealership when you buy a new car. Sure, you might pocket a little more money if you sold it yourself.

In real life in Canada selling for cash won’t mean that a person shows up on your doorstep with a briefcase full of hundred-dollar bills. You’ll still have official steps to complete all paperwork with the approval of your Canadian real estate lawyers.

We will quickly inspect the property and can send their cash offer for fast closing. Canadian Cash Home buyers
Here’s how each one of these motivations could apply to your situation.

Speed and super convenience

  • You inherited a house you’re unfamiliar with and perhaps far away from.
  • You don’t want to disrupt your life with house prep, staging, and showings.

Need CASH now

  • You’re on the brink of foreclosure, repossession by the bank, power of sale, eviction or seizure of your home.

Canadian cash home buyers means business, and once they make you an offer, the whole process could be over and done within a matter of days. Moreover, with Canadian cash home buyers, you won’t need a real estate agent, no need to repair the property, clean up so you’ll pay no commission, which ends up saving you a lot of money.Canadian Cash Home buyers

Canadian cash home buyers even can help you with EMERGENCY CASH, if the property owner is facing foreclosure, power of sale, repossession by the bank, eviction, seizure etc.

In general, selling your home to a Canadian cash home buyer typically allows you to skip the home prep, showings, and staging hassles and arrange a more flexible closing timeline to coordinate with the purchase of your next residence. But not all cash buyers have the same exact business model.

We do help homeowners going through difficult situations. Forget the showings and the real estate’s commissions, sell your house fast today. Please call 1-416-409-7300/text anytime or go to

Serving Canadian home sellers in need of fast CASH successfully since 1993.

P.S : Remember, you are just one flip away from financial freedom! If you want to get one step closer then register for the Canadian real estate investment strategy apprenticeship LIVE 

Seats are selling fast and we will soon be SOLD OUT.

EMERGENCY CASH AVAILABLE ! Please fill up the form and call/text us at 1-416-409-7300

How Bird Dogs Can Make You A Multi-Millionaire

How Bird Dogs Can Make You A Multi-Millionaire

As a full time Canadian real estate investor, we can never put all of our eggs in one basket. By that I mean we can not leave our career exclusively up to our realtors to bring us deals. There are only so many good deals that realtors can bring us and only so many deals that you will be able to close on as a result of financing. An investor can only own so many properties before they are considered too risky by a lender. We must have both alternate sources and alternate strategies. In this article we’ll talk about the alternate sources.

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Mortgage Investment Corporation (MIC) – Part II

 Mortgage Investment Corporation – Further to our previous article, we like to explain more details as follows:

Mortgage Investment Corporation

Can a shareholder borrow money from Mortgage Investment Corporation (MIC)?

Now, this is a tricky question. We would like to explain it to you as follows:
1)    Yes you can borrow money from the Mortgage Investment Corporation (MIC), provided that you have purchased your shares in the form of hard cash, subject to all the qualifications, rules, and regulations set up by the corporation
2)    No, you cannot borrow money if you have purchased your shares of the Mortgage Investment Corporation (MIC) inside of your Registered Retirement Savings Plan (RRSP), Registered Retirement Income Funds (RRIF), or Registered Education Savings Plan (RESP), because of the Income Tax Act.

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Meth Labs Busted

Goldmine or nightmare for Canadian Real Estate Investors.  Meth Labs Busted, Methamphetamine is among the most increasingly common used drugs in current’s society.  Meth is known to be a very powerful illegal drug. This sort of drug causes major health issues not only while using it, but also when producing it.

Meth Labs Busted

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Top Ten Marketing Tips For Real Estate Investors

Top Ten Marketing Tips For Real Estate Investors

As a full-time Canadian real estate investor, we need to create massive and passive income for ourselves. We cannot only rely on a realtor to help build our portfolio, otherwise we could become broke  or our portfolio could grow very slowly. We must however rely on our marketing skills to create many, many deals for us.

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Top 10 Warren Buffett Quotes For Canadian Real Estate Investors 


Top 10 Warren Buffett Quotes For Canadian Real Estate Investors  Expert advise is always sought after by Canadian Real Estate Investors Training and apprenticeship is needed to succeed in Canadian Real Estate investing.

Here are the top 10 Warren Buffett quotes

for Canadian real estate investors. We have broken it down so that everyone can understand how to invest in Canadian Real Estate Investing.You are guaranteed to succeed in Canadian real Estate investing with the willingness to follow  directions from the experienced in the field.

Top 10 Warren Buffett Quotes For Canadian Real Estate Investors“Our favorite holding period is forever.”To build true long-term wealth, you must acquire for long term investment for passive income to build wealth.

“Risk comes from not knowing what you’re doing.”Canadian real estate investors who are speculators and gamblers will be doing risky investments.

“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”Canadian real estate investors must have mindset to stay invested in real estate for long term basis”

“Let blockheads read what blockheads wrote.”Generally, nay-sayers are considered pessimists want to be Canadian real estate investors who say “nay” to everything including training, education and coaching.

“Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.  Despite the economic fluctuations, one must think long term when it comes to Canadian Real Estate Investing.

It creates a flood of motivated panic sellers. Canadian real estate investor knows how to buy low and sell high.

Top 10 Warren Buffett Quotes For Canadian Real Estate Investors “Only when the tide goes out do you discover who’s been swimming naked.”Keep learning from Canadian real estate experts new investing techniques so that you can adapt to a changing market.

“I will tell you how to become rich. Close the doors. Must know how to be opportunistic.  Be greedy when others are fearful.”Greed is for speculators.Always buy it at deep discounted Canadian real estate. Don’t follow the crowd.

“Never count on making a good sale. When bargaining for investment property ensure you are getting the best deal ”If you’re concerned that you cannot sell the property for full value, then buy it at lower – at about 60% of value – and sell lower – at about 90% of its current market value.

“We will reject interesting opportunities rather than over-leverage our balance sheet.”Sometimes the best Canadian real estate deals are the ones you don’t make.

Top 10 Warren Buffett Quotes For Canadian Real Estate Investors  “A public-opinion poll is no substitute for thought.”Only a handful of Canadian real estate investors know the specific techniques for profiting in any market and that’s because they have invested in real estate investment training and apprenticeship.

REI Club for Canadian Investors

Being part of a Networking group (PREIG) Professional Real Estate Investors will ensure that you are on top on the information you need to succeed Real Estate investing.

“The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.”Don’t worry what the masses are doing.

Utilize the proven techniques by the experts in the field to duplicate their results.“I really like my life. I’ve arranged my life so that I can do what I want.”Remember, that’s what Canadian real estate investing is all about.You eventually want to live your life the way you want it to be.

Cash Buyers for your House,please call

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P.S. Success isn’t a matter of chance, it’s a matter of choice. So it’s up to you to make the right choice to become successful. If you don’t know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Are you a Canadian real estate Investor? Join Canada’s largest real estate investors club now.

Top 10 Warren Buffett Quotes For Canadian Real Estate Investors

Bandit Signs Part 2

Bandit Signs Part 2

If you missed the previous article – Bandit Signs

As a full time Canadian real estate investor, we must be continuously looking for new ways to drive business to us. We have to realize that we are our business and we must be responsible for our business. Our time is our most precious commodity so we must use it wisely.  Resting on previous triumphs or letting one or two realtor be the sole sources for your deals is a quick way to go from aq full time to a  part time investor.

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9 Preventable Mistakes Made By Canadian Real Estate Investors

9 Preventable Mistakes Made By Canadian Real Estate Investors

As a Canadian  Real Estate investor and mentor, I often see novice Canadian Real Estate investors making the same exact mistakes. I created this list to help them realize what these common mistakes are and how to avoid them.

The good news is that all of these mistakes can be easily corrected.

The bad news is that any one of these mistakes will seriously limit your potential for success. In my experience, these are the 9 most common mistakes I see novice real estate investors make:

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