Loan option
Mortgage Arrears & Power of Sale in the GTA
Falling behind on a mortgage in Ontario can quickly escalate to a power of sale notice. If you still have equity in the property, lending partners can often fund quickly to pay out the arrears, reinstate the mortgage, and stop the legal process.
When homeowners use a mortgage arrears & power of sale
- Paying out mortgage arrears to stop power of sale
- Settling property tax arrears before the city registers a lien
- Discharging writs or judgments against the property
- Buying time to sell on your own terms instead of through a forced sale
How equity-based qualification works
Speed matters — the earlier in the legal process you act, the more options your equity gives you.
As a general Ontario rule, lending partners want the combined balance of every mortgage that will sit against the property — first, second, and so on — to land at roughly 75%–80% of the appraised value. We are a referral service, not a lender; final pricing and approval are determined by the licensed lending partner.
Mortgage Arrears & Power of Sale by city in the GTA
Browse mortgage arrears & power of sale options in your area. Each page reflects local housing context, but the underlying program is the same equity-based approach.
Other GTA & Ontario cities
Lending Options Across the GTA
Explore equity-based lending options by type and by city. We connect homeowners across the Greater Toronto Area with our network of licensed lending partners.