Stop Power of Sale Ontario
Simply put...
When missed mortgage payments, or issues such as unpaid property taxes, inadequate insurance, illegal use, or serious neglect, trigger lender action, they can launch a Power of Sale or even move toward foreclosure to recover what’s owed. Although the process feels overwhelming, you still have leverage.
In Ontario, a Power of Sale lets the lender evict you and sell your home to cover the principal, accrued interest, legal fees, and other costs that mount quickly. Foreclosure follows a similar path, but it involves the courts and can drag on even longer, often costing you more equity in the end.
The good news? You can stop a Power of Sale or foreclosure before the worst happens. From emergency refinancing to short-term equity loans, Burke Financial knows every proven strategy and can act in as little as 48 hours to protect your home and hard-earned equity.
The Power of Sale Process in Ontario
Navigating a looming power of sale or foreclosure is never simple, especially when every deadline feels like it’s closing in. Yet Ontario law forces lenders to follow a strict series of notices and waiting periods before they can evict you and list your property. That window is your chance to act.
Burke Financial steps in during that window, whether you live in Toronto, Richmond Hill, Kitchener, Ottawa, or anywhere else in the province. Drawing on a toolkit of proven tactics, from emergency refinancing to equity-based bridge loans and direct lender negotiations, we halt power-of-sale and foreclosure proceedings before the lock ever changes. With our Ontario-wide expertise, the complex suddenly becomes manageable, and your home stays yours.
Contacting the Borrower
The first step in Power of Sale proceedings in Ontario is contacting the borrower. Typically, this step is done in writing. This point of contact notifies the borrower that they are in default and gives them a chance to fix the problem.
Notice of Sale
If the situation is not taken care of, the lender will then deliver a Notice of Sale via registered letter, as well as notice under the Bankruptcy Act. This can only be done 15 days after the borrower has gone into default and no sooner. According to the Ontario Mortgages Act, the notice of sale must be sent to all appropriate mortgage agreement parties, including creditors.
Redemption Period
At this point, a lender cannot take any further action for 35 days. If a married couple occupies the property, the lender must wait 40 days. This is called the Redemption Period. During this redemption period, all mortgage arrears must be paid to bring the mortgage into good standing. If the mortgage is due, the borrower must pay off the entire mortgage debt (including any of the lender’s legal fees). This can be done by using a debt consolidation loan.
State of Claim
If the borrower cannot pay the lender the appropriate amount during the redemption period, the Power of Sale moves to the next step. At this point, the lender issues the State of Claim to collect any owing amounts and take possession of the property.
Statement of Defense
If a borrower does not file what is called a Statement of Defence, the lender can obtain a Default Judgement, have a Writ of Possession issued, deliver that writ to the appropriate authority in the jurisdiction where the property is located, and that authority (sometimes a Sheriff) will arrange for an eviction.
Only after all of these steps are taken (and the physical removal of the borrower from the property) can the lender sell the property to recoup their losses.
The Benefits of Using Burke Financial to Stop Power of Sale
Stopping a Power of Sale or foreclosure on your home can be complicated unless you have experts guiding you every step. For a lender to proceed with a Power of Sale or begin foreclosure, they must follow a strict process. At Burke Financial, we use our expertise to help borrowers behind on payments by stopping a Power of Sale or foreclosure from occurring. We can get lenders off your back and put you on the road to financial security and lasting stability for your family. Our team has the experience to STOP Power of Sale or foreclosure proceedings in their tracks and does so using proven methods. We help stop Power of Sale and foreclosure across Ontario, including Toronto, Ottawa, Kitchener, and Richmond Hill.
Fast Access to Equity
When you are facing an incredibly stressful situation like a Power of Sale, you need access to your equity quickly in order to catch up the arrears and stop the process. We can help you get access to that equity, fast, and have closed Stop Power of Sale applications in as little as 48 Hrs!
Reduce Stress
We have worked with hundreds of clients facing foreclosure, so we understand how extremely stressful the situation can be. Our team knows that time is of the essence in a situation like this, and work hard to get this completed as quickly as possible so you can stop worrying about losing your home and get back to a normal life.
Future Equity Growth
By not losing your home under Power of Sale, you are able to take advantage of the future value growth of your home. For example, if you own a $500,000 home and the value of your home goes up 10% over the year, you have just earned $50,000 you would have lost out on if you lost your home. In most situations, that alone offsets all any fees or costs associated with the financing.
Housing Stability
Let’s face it, moving sucks. Especially when you are forced to move and might not be in the right financial situation to do so. By getting a foreclosure solution you will be able to stay in your current home and not have to worry about dealing with the immense stress and costs associated with finding a new place to live and moving.
Reduce Additional Costs and Fees
When you are in a Power of Sale, there are very high costs associated with the entire process that you must incur. Including lender fees, administration fees, property management fees, legal fees, and more. Every day that goes by will cost you more and more time and money. Our Team will work to get you funded as quickly as possible to minimize those costs.
Flexible Payment Structure
In most situations, a foreclosure occurs because your monthly obligations are too much to handle. Our goal is to make sure you don’t end up in the same situation again. We will work with you to find the payment amount that is manageable for you, and in many cases, we can even prepay the entire mortgage upfront, giving you no monthly payments during the term!
Power of Sale Solutions in Ontario
Burke Financial is an award-winning Mortgage Brokerage committed to helping homeowners maintain control of their properties. Even if you’ve had some trouble making mortgage payments or owe mortgage arrears, we have the resources to STOP Power of Sale proceedings in their tracks and have done so using several tried-and-true methods.
We go to bat for our clients across Ontario. Whether you’re facing foreclosure in Ontario or a Power of Sale in Toronto, Burke Financial can help. Learn more about what we can do to help you stop the Power of Sale process.
Why Choose Burke Financial
Need to stop power of sale foreclosure in Ontario fast? At Burke Financial, we specialize in negotiating directly with lenders and delivering the proven resources you need to stop a power of sale or foreclosure before it costs you your home. Our mortgage brokers move quickly to protect your family’s equity and keep you where you belong.
We’re recognized across Ontario for customer-first service that turns a stressful power-of-sale or foreclosure notice into a clear, step-by-step solution. Your home is the center of your story, let’s make sure you keep writing it right where you are.
Don’t let deadlines or legal letters force you out. Stop power of sale foreclosure Ontario with expert help from Burke Financial, contact us today.
Burke Financial Mortgage Success Metrics
Mortgage success metrics show how Burke Financial delivers real results across Ontario. These figures reflect total loans funded, interest saved, and satisfied clients. By sharing these numbers, we demonstrate the measurable impact of our work for homeowners seeking flexible, fast lending solutions.
Learn more about how we help homeowners across the province on our Communities We Serve page. These results continue to grow as we help clients access the equity they need.
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Millions in Loans Funded
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Millions Dollars Saved for Clients
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Happy and Satisfied Customers
These figures represent more than just totals, they reflect the trust thousands of Ontario homeowners place in Burke Financial. Each approval means a family secured funding, reduced stress, or avoided unnecessary penalties from traditional lenders. Our ability to work with alternative lenders allows us to provide solutions that others may not, helping clients with urgent needs, complex applications, or non-traditional income. As the market evolves, we continue to grow our network and improve our process to serve more communities. Burke Financial remains committed to transparency, speed, and delivering consistent results.
We proudly serve homeowners across Ontario.
Burke Financial works with homeowners in communities across Ontario, providing mortgage solutions tailored to each region’s needs. Whether you’re located in a large city or a smaller town, our team understands local real estate markets, property values, and financial challenges unique to your area. We focus on delivering fast approvals, flexible repayment options, and alternative lending access where traditional banks fall short.
- Ajax
- Cambridge
- Kitchener
- Peterborough
- Thunder Bay
- Barrie
- Greater Sudbury
- London
- Pickering
- Toronto
- Brampton
- Guelph
- North Bay
- Sault Ste. Marie
- Waterloo
- Burlington
- Hamilton
- Oshawa
- St. Catherines
- Whitby
- Caledon
- Kingston
- Ottawa
- Thorold
- Windsor
Learn more about Ontario property taxes here.
