There are usually two different types of people that are interested in information regarding power of sale homes in Niagara Falls and St. Catharines. The first are people who are in a Niagara Falls or St. Catharines power of sale homes situation and the second are people who would like to buy Niagara Falls or St. Catharines power of sale homes because the property could potentially have a lower price.
Dealing with Power of Sale or Foreclosure
Our business is to help people in both situations regarding power of sales in Niagara Falls and St. Catharines. Our mortgage brokers have many years of specialized experience in dealing with foreclosures and power of sales in Niagara and Falls St. Catharines. Most large Canadian banks such as RBC or BMO will not lend you the money to stop power of sale in Niagara Falls and St. Catharines and the property owner may not have the funds to hire a lawyer to stop the power of sale in Niagara Falls and St. Catharines. Our highly experienced team of mortgage brokers can stop the power of sale in Niagara Falls and St. Catharines and get you back into your home.
Power of Sale Process in Niagara Falls and St. Catharines
To stop power of sale homes process in Niagara Falls and St. Catharines you need a good mortgage broker who can arrange a private lender and a lawyer. Our mortgage brokers can have you back in your home within a matter of days, once all the paperwork is completed. Our brokers can also ensure that all the contents will remain in place, if there are any animals within the home we can arrange for their proper care until you are in your home again.
For people interested in buying a power of sale home in Niagara Falls and St. Catharines thinking that this may be a cheap and easy way to buy a house, it’s time to think again. The truth is that the present property owner has the right to pay off any debts and reclaim their home at anytime during the power of sale process. If the property is sold for a “distressed” price or way below market value the original property owner can file a lawsuit against all parties involved in the power of sale transaction including the new property owner.
The Mortgage Act and the Land Titles Act have gives the original home or property owner rights to ensure that they are not taken advantage of or over charged by lawyers and real estate agents. All buyers of power of sale homes in Niagara Falls and St. Catharines should exercise caution and perform the proper due diligence regarding the property. If the power of sale homes in Niagara Falls and St. Catharines price seems too good to be true then the buyer should be prepared for additional legal costs because something shady might be happening.
Stop Power of Sale
We can stop the power of sale homes in Niagara Falls and St. Catharines. Our brokers can act on your behalf in a fast and efficient manner which can reduce the stress related to this process.