Stop Power of Sale North Bay: How to Protect Your Home and Equity
If you’ve received a notice of sale, you’re not alone, and you’re not out of options. In North Bay, many homeowners successfully stop power of sale actions with help from mortgage brokers who specialize in fast, flexible refinance solutions.
What Is a Power of Sale in Ontario?
When you fall behind on mortgage payments, lenders can issue a power of sale, allowing them to sell your home to recover funds. The process moves fast, adding legal costs daily. Acting quickly can protect your property and equity.
How a Mortgage Broker Helps North Bay Homeowners
- Connects you with lenders who fund in 24–72 hours.
- Helps refinance to pay arrears and stop legal proceedings.
- Preserves your credit rating and remaining equity.
- Negotiates terms that fit your financial recovery plan.
Real North Bay Success Story
Jim and Lila were two payments behind and received a legal notice. Within four days, Burke Financial arranged a refinance that cleared arrears and legal fees, saving their $120,000 equity and their home.
Steps to Stop a Power of Sale in North Bay
- Contact a broker immediately after receiving notice.
- Gather mortgage statements and arrears letters.
- Apply for a refinance or second mortgage.
- Pay arrears to stop the process and regain stability.
Mistakes to Avoid
- Ignoring notices or deadlines.
- Applying to only one lender.
- Waiting until the property is listed for sale.
Final Tip:
Time is everything when facing a power of sale in North Bay. Reach out early to secure your options and save your home.
Need to stop a power of sale in North Bay? Let’s protect your home today.
📞 1-866-702-9394
🌐 www.burkefinancial.ca
