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 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 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 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 9, 2025 | Stop Foreclosure
How Many Missed Mortgage Payments Before Foreclosure in Canada?Short answer: Most lenders begin foreclosure or power of sale proceedings after roughly three missed payments, about 90 days of arrears, though the exact point varies by lender and province. Foreclosure is...
