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A Guide to Power of Sale or
Foreclosure
• Facing Power of Sale or Foreclosure in Canada
• If a person receives a letter from the lender or bank threatening the power of sale or any
judicial sale proceedings the first thing a person should do is to contact the lender right
away. If you have a history for making your mortgage payment on a timely manner and a
rare occurrence such as injury, illness, job loss has forced you to miss a few payments, the
lender should be asked to work something out directly with you.
• Selling the House Before the Lender Sells It
• If nothing is going in your favour, it is better to sell the home by your own self. If you sel