If you’ve received a Notice of Sale in Barrie, you could have as little as 35 days before your lender sells your home. While it’s a stressful situation, the right mortgage broker can help you stop the process quickly and protect your property.
What Is a Power of Sale?
A power of sale is a legal process that allows your lender to sell your home if you fall behind on mortgage payments. In Ontario, lenders must send a Notice of Sale before starting this process.
Why Acting Quickly Matters in Barrie
The clock starts the moment you receive the notice. The sooner you act, the more options you’ll have to:
- Pay arrears and stop the process
- Restructure your mortgage
- Consolidate debts to free up cash flow
How a Mortgage Broker Can Help Stop a Power of Sale
A Barrie mortgage broker can:
- Access Alternative Lenders – Approvals based on equity, not just credit
- Arrange Fast Funding – Many approvals in 24–48 hours
- Customize Solutions – Home equity loans, second mortgages, refinancing
At Burke Financial, we’ve stopped power of sale for Barrie homeowners in neighborhoods like Holly, Allandale, and Ardagh Bluffs.
Steps to Take if You Receive a Notice of Sale in Barrie
- Contact a Mortgage Broker Immediately – Don’t wait until the deadline is near
- Gather Your Documents – Mortgage statement, Notice of Sale, ID, proof of income
- Review Your Options – Based on your equity, debt load, and goals
- Close Quickly – work with your lawyer to finalize and stop the process
Real Barrie Success Story
Jason from Barrie fell three months behind on his mortgage due to unexpected medical expenses. His lender issued a Notice of Sale. Within 36 hours of contacting Burke Financial, we secured a second mortgage to pay off the arrears and stop the sale, saving his home.
The Risk of Waiting
Delaying action reduces your options. Once the property is sold, it’s nearly impossible to reverse the process.
Final Tip: If you’re a Barrie homeowner facing a power of sale, your equity can be the key to keeping your home, if you act fast.
Received a Notice of Sale in Barrie? We can help stop it before it’s too late.
📞 1-866-702-9394
🌐 www.burkefinancial.ca
