Avoid Bank Foreclosures, Power of Sales or Bankruptcy Sales

 

Facing Foreclosure? Unfortunately you are not alone. There are thousands of foreclosures in Ontario every year. There can be many reasons why a person might fall behind on their mortgage payments such as a job loss, illness, lack of financial planning, divorce or other life-altering events. But when facing a foreclosure you must act and act fast!

Foreclosures are devastating to home owners, they can ruin your credit for years, drain the equity on your house. If this sounds like the situation you are in, read on it may be of assistance. You have options and it is important that you know them.

If you are falling behind on your mortgage payments contact your lender direct as soon as possible. Normally, lenders do not want to foreclose, and will usually work with you to try to get you back on track. They may allow you to refinance or work with payment date. But never ignore the lender's letters or phone calls. This problem won't disappear and foreclosure will initiate.

Another option would be getting legal or debt consolidation or bankruptcy advice from a specialist. A specialist may be of assistance to you, they may be able to help you save your home or possibly get a fresh start.

The last option would be to sell your home and sell your home fast. From the sale proceeds pay the lender and begin anew. Should you decide to go this course, I am currently working with many buyers who would be willing to buy right now. If you require a quick sale and information on what your home would sell for please complete the brief form below or e-mail joey@toronto-homes-guide.com with the following info.

• *Your Name
• *Your e-mail
• *Your address
• *Telephone Number
• Bathrooms
• Bedrooms
• Square Footage
• Style
• Mortgage Balance
• Other Pertinent Info

Foreclosure