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Both landlords and tenants must work through eviction scenarios after a power of sale is complete. Their rights are clearly outlined under the Residential Tenancies Act (RTA). This is an excellent starting point to understand the impact of the power... View Article
With COVID-19 causing a second lockdown across Ontario, borrowers are wondering how they can stop power of sale on their home if they cannot to keep up with the required payments. While this is a challenging predicament to be in, there are ways to stop a power of sale.
One thing that we pride ourselves on at Mortgage Broker Store is our ability to deal with difficult power of sale and foreclosure situations. Since we are generally well known for this expertise, we get a lot of calls related to legal issues with mortgages. This specialization gives us a general idea into the state of mortgages in Ontario. We’ve looked through our website statistics and the number of inquiries we’ve gotten and have come to some general conclusions.
