Power of Sale Properties in ONTARIO
What is a Power of Sale?
The legal right of the mortgagee to force the sale of a property, without judicial proceedings, should default occur.
Power of Sale is the most frequently used method by which a mortgagee remedies a default by a mortgagor. The term indicates a sale under the power contained in the mortgage document or in the Mortgages Act.
The mortgagor has a right to redeem the subject property until the time of waiver or expiration of all rights of termination and a firm and binding agreement of purchase and sale exists.
The power of sale can often be the fairest, most inexpensive method to deal with an unpleasant financial circumstance as it allows the mortgagee to retrieve only what he/she is entitled to and no more. If a surplus occurs, then the owner/mortgagor will benefit. Should a deficiency occurs, the mortgagee may sue the mortgagor for any loss.
Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It's not easy for the average homeowner to find these deals, because you have to keep scouring the paper to see when one comes up.
If you're the type of person who recognizes what a great deal some of these properties could represent, you will be interested to know about a new free computerized service which automatically searches out and downloads a current list of all such properties day in and day out. When you receive this free, no obligation service, you're automatically plugged in to the most current list of Power of Sale Ontario Properties on the market, in the price range and area that interests you. This FREE service every week will save you a lot of research and running around.
Here's how it works:
Fill out the information on the form below including the specific price range and area you would like the "Power of Sale Ontario Weekly Report" on.
When you have completed the form just click the "Submit" button at the bottom of this page.
Every week, you will receive a FREE computerized report listing the current Power of Sale properties in your desired price range and location.
There is no cost for this information, and absolutely no obligation.
This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.
If you like any of the listings you receive or would like more information, call me direct at 416-890-4129, to discuss your specific situation or book your one-on-one consultation. Or you can also reply with your questions and I will be more than happy to assist you.
Our FREE automated House-Hunter Service for Power of Sales properties in Ontario, provides you with the competitive edge by giving you priority access to all of the hottest new listings in your desired price range, and area. This priority access allows you to beat-out other buyers, and can help you save thousands of dollars off the purchase price of your home.
You can receive a personalized, FREE Hotlist of these affordable homes by simply filling out the form below, and clicking on SUBMIT. Really, it's free.