If you default on your mortgage, your mortgage lender can go to Court to take the property you mortgaged or sell the property to pay the mortgage debt. This process is called foreclosure.
Unexpected financial circumstances can happen to anyone. We can help you prevent foreclosure if; you are experiencing difficulty making your mortgage payments each month, if you have already missed one or two of your mortgage payments or if you have received a demand letter from your mortgage lender in Vancouver, BC, the Lower Mainland, BC or the Fraser Valley, BC.
As soon as you miss a payment, most mortgage lenders act quickly. They will either call you or send you a reminder letter. If your lender doesn’t hear from you or if your mortgage lender doesn’t receive your missed payment(s), your mortgage lender’s next step is to send you a demand letter. In BC, your lender or their lawyer must send you a demand letter before starting foreclosure proceedings.
In Order to Prevent Foreclosure, You Need to Act Quickly
If you have already received a demand letter from your mortgage lender, it is imperative that you do what the demand letter asks if you want to stop foreclosure. If you don’t do what the demand letter asks, your lender, without your consent, can start foreclosure proceedings in court by filing a BC Supreme Court form called a petition.
It is in your best interest to find a solution to prevent foreclosure prior to the deadline that is set forth in the demand letter
We Can Help You Prevent Foreclosure
If you are experiencing difficulty paying your mortgage payments and are about to miss a payment or if you have already defaulted on your mortgage payments and have received a demand letter from your mortgage lender that has not passed the deadline to reinstate your mortgage, contact us.
We are a well-established Real Estate Investment Company that can help you prevent foreclosure by reinstating your mortgage with your lender by making over payments and the house, townhome or condo that is associated with your mortgage in any location of Vancouver, BC, the Lower Mainland, BC, and the Fraser Valley, BC.
For the past 25 years, we have been providing immediate monthly cash flow management solutions to property owners who are experiencing difficulties paying their mortgage payments each month along with protecting property owner’s equity in the property and credit.
We provide flexible, pre-negotiated terms when we take over payments and the house, townhome or condo associated with your mortgage that can give you the best value for your property that can provide you with more money with none of the hassles normally involved in selling.
We Provide Free Consultation Through Our Foreclosure Prevention Program
Unforeseen financial circumstances can impact anyone, affecting their ability to make regular mortgage payments. For foreclosure prevention to occur, it is important that you take quick action at the first signs of financial difficulty. The longer you wait to find a solution, the fewer options will be available to you. The options that are available to you to prevent foreclosure will vary according to your individual circumstances.
We don’t know how long you have been looking for a solution to your situation. Don’t procrastinate. Don’t let your property situation become a liability. Contact us to discuss foreclosure prevention solutions in more detail that will help protect your equity in the property and your credit. We provide Free Consultation to discuss the various options that are available to you to prevent foreclosure and we do not charge any fees or real estate commissions.