Situation
Behind on Mortgage Payments
Missing payments is stressful and the letters escalate quickly. Selling is one option, and it is not always the right one — which is why the first thing worth doing is speaking to your lender and getting independent advice.
Talk to the lender first
Lenders would generally rather arrange a payment plan, a term extension or a temporary deferral than begin enforcement. Those conversations are worth having before you decide to sell.
How enforcement differs by province
Ontario mortgage enforcement typically runs through power of sale; Alberta typically through judicial foreclosure. The steps and timelines are different, and a lawyer in your province should walk you through where you actually stand.
If selling is the right route
A sale pays out the mortgage and any arrears at closing through the lawyers. What matters most in this situation is a date you can rely on.
Want to know what Renvo could offer?
Start with the property address and a phone number — the rest is optional.
How it works
Know what comes next.
Three straightforward stages, with no pressure at any point along the way.
- 01
Tell us about the property
Share the address, how to reach you, and a short set of details about the home — including anything that needs work.
- 02
Talk through the details
We review what you sent and may follow up with questions. Not every property is one we can make an offer on — if it is a fit, we explain the terms clearly.
- 03
Choose your next step
Take the time you need. If you decide to move ahead, the closing date and remaining details are agreed together as part of the sale.
Questions people ask
- Do you charge a fee to help?
- No. There is no fee to contact us and no obligation to accept anything.
- Can a sale still happen once enforcement has started?
- Sometimes, depending on how far the process has gone. Your lawyer and lender can tell you where the file stands.
- Will you tell me if selling is not my best option?
- Yes. If a payment arrangement or a market listing serves you better, we will say so.
Get started
Tell us about your property.
Enter the property address and a phone number — that's all it takes to get started.
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