by Paul Tsigaris | Jun 10, 2025 | Mortgage Arrears, Mortgage Advice, Private Mortgage, Stop Foreclosure
Every year, thousands of Canadian homeowners face the possibility of foreclosure or power of sale due to unexpected financial challenges. While Canada’s national mortgage arrears rate remains below 0.20%, that statistic doesn’t tell the full story for homeowners...
by Paul Tsigaris | Apr 15, 2025 | Stop Foreclosure, Mortgage Arrears
Power of sale. Three words you never want to hear as a homeowner. Unfortunately, keeping up with your mortgage payment can be a very difficult task. Unexpected expenses like automotive repairs, sudden injuries, or changes in work circumstances can prevent borrowers...
by Paul Tsigaris | Mar 23, 2025 | Stop Foreclosure, Mortgage Advice, Mortgage Arrears
The Reality of Facing Foreclosure in Ontario Imagine this: You’ve been making mortgage payments for years, but due to unexpected financial hardship—job loss, illness, or rising costs—you’ve fallen behind. You receive a Notice of Default from your lender, and suddenly,...
by Paul Tsigaris | Jun 28, 2024 | Mortgage Arrears, Stop Foreclosure
When it comes to owning a home, unforeseen difficulties can sometimes put you at risk of losing it. In Ontario, most people call this "foreclosure," but the process the vast majority of Ontario lenders actually use is power of sale. The two are different, and the...
by Paul Tsigaris | Jun 17, 2024 | Stop Foreclosure, Home Equity Loans, Mortgage Advice, Mortgage Arrears, Second Mortgages
How to Stop Foreclosure on Second MortgageShort answer: Yes, a second mortgage lender can force the sale of your home if you default, though in Ontario this is almost always done through power of sale rather than true foreclosure. You can stop it by refinancing your...
by Paul Tsigaris | Mar 19, 2024 | Mortgage Arrears
Missed Mortgage Payments What Happens If You Miss a Mortgage Payment? Wondering what happens if you miss a mortgage payment? One late payment rarely costs you your home, but it starts a chain of events worth interrupting early. If you own a home with equity, our team...
