Power of Sale Homes in Mississauga

Power of Sale Houses Mississauga

Browse Power of Sale MLS listings in Mississauga Ontario.

Find Mississauga Power of Sale Homes Up To 50% Below Market Value, here.

Power of Sale in Ontario is a very common provision which allows the lender the power to sell the property when the borrower defaults the mortgage.

In this specific process, the ownership changes hand only after the sale is complete. This is different from a foreclosure, where the property gets transferred in the name of the lender.

With the Power of Sale, the borrower remains the title holder. Furthermore, the borrower remains responsible for any losses the lender may have (in a foreclosure in Canada, the borrower is no more responsible for any loss of the lender).