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Can You Get Your House In Ontario Back After Power of Sale or Foreclosure?

If you have a feeling that power of sale or foreclosure of your property is a real possibility in the future, maybe you’re wondering if you can get your house in Ontario back after power of sale or foreclosure. Missed mortgage payments or not, you still need a place to live!

Unfortunately, after a judge rules in the favour of your lender and agrees with the lender to proceed with power of sale or foreclosure, it’s really hard for you to get your house back.

Instead of wondering can you get your house in Ontario back after power of sale or foreclosure, here’s another option…

The good news is, if your lender has not yet sold your house out from under you, you have some options.

The first option (and the one we always suggest) is for you to pay off your mortgage or work out a payment plan with your lender. It’s easier for them to keep you in your house and instead just collect the money owed to them, instead of going through a court battle and costly lawyers.

If that’s not an option for you at this time (ie, you may simply not have the funds), then you may decide to do what a lot of homeowners facing power of sale or foreclosure choose to do: Sell your home before the home is foreclosed upon and pay the lender what is owed to them.

While this is obviously not an ideal option (because you’ll have to leave your home), it’s still a preferable option to power of sale or foreclosure because you’ll have cleared up your mortgage to the bank and you won’t have the long-term impact to your credit score that a power of sale or foreclosure always has.

This option is proactive and represents long-term thinking, which is why homeowners facing power of sale or foreclosure love it: it’s proactive because you’re taking control of your financial situation and calling the shots (by effecting a sale yourself instead of waiting for the lender to do so); and it’s long-term because you’re accepting the short-term discomfort of selling your home when you don’t really want to, in exchange for the long-term benefit of a better credit rating and not having debts hanging over your head.

Keep in mind that, even though you might not be thrilled at the few options you think you have, selling and putting this difficult situation behind you may be the best way you can move forward.

Here’s a secret to selling your Ontario area home fast so the bank can’t take it or sell it

You could work at trying to find a buyer to take your home, or hire an expensive Realtor to do so. However, a faster and easier option is to find an investment firm that buys houses as-is for cash, fast. Instead of spending all of your time and energy trying to locate a buyer (or giving a huge commission from the sale to a Realtor), there are many companies that can do this for you. Companies like True North House Buyer will buy the house from you at a reasonably reduced price, and very quickly.

Simply fill out our form and tell us about your house, or just call us at


and let us know that you want to sell fast and on your terms.

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