If you’ve received a Notice of Sale, there may still be options to protect your home — even with bad credit or missed payments.
FSRA licensed • Independent, no-pressure guidance
A power of sale is a legal process used by a lender to sell a property when mortgage obligations haven’t been met. It’s different from foreclosure: the lender sells the home to recover the debt, but you retain certain rights throughout the process
• It’s a lender-initiated sale, not a court-ordered foreclosure
• It allows the lender to recover debt by selling the property
• Homeowners retain ownership until the sale is completed
February 2–6, 2026
• B-side lenders remain active, but underwriting remains conservative this week.
• Variable-rate options continue to be priced cautiously.
• Private capital is strong for well-structured bridge and exit-driven files.
• Power of sale and arrears situations continue to attract competitive private funding.
• Clear exit strategies and verified equity remain the key drivers of approval and pricing.
👉 Rates and availability can change quickly. Click the rate card to review your options.
Signs a Power of Sale may be triggered in Ontario
Falling behind on mortgage payments, especially for 2 or more months
Other breaches like failing to pay property taxes or maintain insurance
A formal legal notice after repeated missed payments, demanding action
Early notice of any of these signs is crucial to avoid escalation
If you’re seeing warning signs of a Power of Sale, the most important thing is to act early. The sooner you take the right steps, the more options you typically have
• 1 — Don’t ignore notices from your lender
• 2 — Avoid payday lenders or quick-fix promises
• 3 — Speak with a mortgage professional immediately
• 4 — Understand your realistic options
Most homeowners don’t realize there’s a timeline — and every step changes your options. Here’s the simple version
Not every Power of Sale ends the same way. Depending on timing, equity, and your situation, there may still be more than one path forward
A refinance may allow you to pay out arrears, reset your mortgage, and stabilize payments
In some cases, selling the home yourself can protect more equity and reduce stress
A short-term option may help you catch up, buy time, or bridge into a longer-term plan
If traditional lenders won’t approve, equity-based lenders may still be an option depending on the numbers
Sometimes the best move is a controlled plan to avoid escalation and protect what you can
If you’re facing a power of sale, you don’t need a sales pitch — you need a timeline, real options, and a plan that protects your equity
We help you understand what stage you’re in and what deadlines actually matter
Mortgage balance, arrears, property value, penalties, and legal costs — so decisions are based on facts
Refinance, second mortgage, private lending, or selling — with clear trade-offs and next steps
We can align lenders, lawyers, and realtors so you don’t lose time or control
Ontario homeowners only • No obligation • Private and confidential
★★★★★ Rated 5 Stars on Google
Power of sale can move fast. We help you understand your options, protect your equity, and secure financing quickly — even when traditional lenders say no.
✔ Fast approvals — often within 24 hours
✔ No minimum credit score required
✔ Private lending solutions across Ontario
✔ Keep your home or sell on your terms
✔ Judgment-free support and guidance
Rick Bettencourt, Mortgage Broker Level 2,
FSRA License #M11002425
licensed with Chartered Finance, Brokerage #12791
#302 – 7300 Warden Ave, Markham, Ontario.
Helping Ontario homeowners access practical mortgage solutions with clarity and confidence.
© 2025 Pure Mortgage Advisory Services. All rights reserved.
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