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Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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Mechelle Cossaboom

Sales Representative

Century 21 Leading Edge Realty Inc

165 Main Street N, Markham, Ontario, L3P 1Y2

mechelle.cossaboom@century21.ca

(905) 836-2124

(905) 471-2121

(905) 471-0832
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