Who We Help
Facing Power of Sale in Ontario
If your lender has started power of sale, time is short. We can often move quickly — and we'll be honest about whether selling to us is right for you. We can usually make an offer within an hour of speaking with you, often while we're still on the phone, and close in as little as 7 days, or on the date you choose. No cost, no obligation, no pressure.
What's going on
If your lender has started power of sale, you're probably feeling the clock ticking. In Ontario, power of sale is the process most lenders use when a mortgage goes into default — it's faster than the court-based foreclosure you may have seen in American media, which means you may have less time than you expect.
This page is general information, not legal advice. If you're facing power of sale, please speak with your lender and a lawyer or licensed insolvency trustee about your options. What we can do is explain how a fast, direct sale might fit — and be honest about whether it's the right move for you.
Your options
Selling to us is only one path. Here are the options most homeowners consider in this situation.
Talk to your lender
Lenders often prefer to work something out rather than force a sale. Ask about a payment plan, a temporary deferral, or refinancing. The earlier you call, the more options there tend to be.
Speak to a licensed insolvency trustee
If the debt is bigger than the house, a licensed insolvency trustee can walk you through options like a consumer proposal. This is professional advice we can't give you.
Sell the house yourself
Selling before the power of sale completes can preserve more of your equity and keep a forced sale off the public record. A direct sale to us can close in as little as 7 days, or on the date you choose.
How we can help
- We can often move quickly — we can close in as little as 7 days, or on the date you choose.
- We buy the house as-is, so you don't need to fix anything or clean it out before we see it.
- We're a direct buyer, so there's no financing to fall through at the last minute.
- We'll be honest about whether selling to us is the right option for you, or whether you should speak to your lender or a licensed professional first.
Frequently asked questions
Other situations we help with
Behind on Mortgage Payments
Falling behind on your mortgage is stressful, but you have options. We can buy your house fast and help you get back on solid ground.
Property Tax Arrears
Property tax arrears can lead to a tax sale by the municipality. We can often move quickly to help you avoid that outcome.
Debt / Consumer Proposal / Bankruptcy
If debt has become unmanageable, selling your house may be part of the solution. We'll be honest and suggest you speak to a licensed trustee too.
Skip the showings — get my offer
Ready to skip the showings?
Tell us about your house and get a no-obligation offer. We can usually make an offer within an hour of speaking with you, often while we're still on the phone.