A Notice of Sale is a serious warning from your lender that they intend to sell your home if overdue mortgage payments aren’t resolved. In Hamilton, you may have as little as 35 days to act before your property is listed for sale.
The good news? A mortgage broker can help you stop the process quickly, sometimes within 24 hours.
What Is a Notice of Sale?
A Notice of Sale is part of Ontario’s power of sale process, giving you official notice that the lender plans to recover what’s owed by selling your home.
Key points:
- You still own your home at this stage
- You can stop the process by paying arrears plus legal fees
- Time is critical, delays reduce your options
Why Hamilton Homeowners Face Notice of Sale
Even responsible homeowners can fall behind due to:
- Job loss or reduced income
- Medical emergencies
- Unexpected expenses
- High debt payments
- Divorce or separation
How a Mortgage Broker Can Help Stop the Sale
Mortgage brokers have access to alternative lenders who:
- Approve based on your home’s equity, not just your credit score
- Offer fast approvals (24–48 hours)
- Provide solutions like home equity loans, second mortgages, or refinancing
Steps to Take Immediately After Receiving a Notice of Sale
- Call a Mortgage Broker Right Away – Don’t wait until the deadline is close
- Gather Your Documents – Notice of Sale, mortgage statement, ID, proof of income
- Review Your Equity – Determines how much you can borrow to stop the sale
- Close Quickly – Funds are sent to your lawyer to pay arrears and end the process
Real Hamilton Success Story
Sandra from Stoney Creek fell behind on payments after a medical leave. She received a Notice of Sale and had only 20 days left. Burke Financial arranged a second mortgage within 36 hours, paid the arrears, and stopped the sale—saving her home.
Final Tip: If you’ve received a Notice of Sale in Hamilton, your home equity could be the solution to protecting your property, but only if you act quickly.
Facing a Notice of Sale in Hamilton? Let’s stop it before it’s too late.
📞 1-866-702-9394
🌐 www.burkefinancial.ca
