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 | May 27, 2024 | Stop Foreclosure
It’s a tough spot to be in foreclosure, but there’s hope on the horizon for Ontario homeowners. Even if it feels like you’re down to the wire, utilizing a home equity loan might just be the lifeline you need. Facing foreclosure can have a devastating impact on...
by Paul Tsigaris | May 15, 2024 | Stop Foreclosure
Facing foreclosure can be a harrowing experience, filled with uncertainty and stress about losing your home. The good news is, there are steps you can take to stop foreclosure and maintain homeownership. Understanding the specific processes, including...
by Paul Tsigaris | Aug 10, 2023 | Stop Foreclosure, Mortgage Advice, Mortgage Arrears
Facing the threat of foreclosure is a stressful and overwhelming experience. The possibility of losing one’s home can be a devastating reality that can leave individuals and families uncertain of what’s next. With the right knowledge, strategies, and...
by Paul Tsigaris | Jun 12, 2021 | Stop Foreclosure, Mortgage Arrears, Mortgage Broker
Foreclosure is every homeowner’s worst nightmare. Nearly five million Canadians have mortgages. 12,000 Canadians have mortgages in arrears, opening the possibility of foreclosure. It is important to understand your rights in foreclosure or power of sale. ...
