by Paul Tsigaris | Jun 10, 2025 | Mortgage Advice, Home Equity Loans, Mortgage Arrears, 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 scottm | Mar 27, 2025 | Stop Foreclosure, Mortgage Advice, Mortgage Arrears
The Serious Consequences of Missed Mortgage Payments Imagine this: You’ve been making mortgage payments on time for years, but then an unexpected financial crisis—job loss, medical emergency, or rising expenses—throws your budget into chaos. You have missed mortgage...
by scottm | Mar 20, 2025 | Stop Foreclosure
The Long-Term Impact of Foreclosure on Your Credit Imagine you’ve spent years building your financial future, diligently making mortgage payments. But then, life happens—unexpected job loss, medical emergencies, or rising interest rates—and suddenly, you’ve fallen...
by scottm | Feb 15, 2025 | Stop Foreclosure
Missing a mortgage payment can create anxiety for homeowners, especially if you’re unsure about the consequences or your options. In Canada, the foreclosure process varies by province, but it typically begins after multiple missed payments. However, foreclosure is not...
by scottm | Oct 21, 2024 | Stop Foreclosure, Mortgage Advice
Calgary Foreclosures are on the rise. A recent survey report from Jerry Charlton Real Estate reveals alarming trends in Calgary’s housing market, indicating a potential surge in foreclosures. Key factors driving this shift include rising interest rates, escalating...
by scottm | Jun 28, 2024 | Mortgage Arrears, Stop Foreclosure
When it comes to owning a home, unforeseen difficulties can sometimes lead to the risk of foreclosure. In Ontario, foreclosure is a legal process that occurs when a homeowner fails to meet their mortgage obligations, and the lender seeks to recover the balance of the...
