No homeowner wants to go into foreclosure on their home. However, even the most well-intentioned homeowner can experience a change in circumstances that makes it hard to meet financial obligations. In some instances, it is possible for a single missed mortgage payment to trigger the foreclosure process. However, Canadian homeowners do have recourse when facing the possibility of foreclosure. Understand more about what the foreclosure process entails in Canada today.
For informational purposes only. Always consult with an attorney before proceeding with any real estate transaction.
The Foreclosure Process in Canada
A homeowner who has recently received paperwork that the foreclosure process will begin does have options. Some may find that…