Bank Repossession of Houses, Condos and Property

A bank repossession of your home or property can have very serious consequences to your family and your financial situation. Your home or property can be taken away from you and you can can be evicted without any recourse for financial compensation.

In Ontario, a bank repossession falls into the same category as a foreclosure or power of sale, in effect the bank takes your home because you have defaulted on one of the terms of your mortgage. As the home owner your need to determine what is the best course of action, is it to sell the house, pay off the mortgage or let the foreclosure proceed.

As specialized mortgage agents we can advise you on what options you have, we can act on your behalf and save your home and you money before they are repossessed. Call us now for a free consultation.