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Tag: short sale vs foreclosure

Short Sale vs Foreclosure – What’s the Difference in Greater Toronto GTA?

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Whether you’re a buyer or a borrower/seller, a short sale, and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Greater Toronto GTA, Ontario? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home” (source).  If … Continued

5 Ways To Avoid Foreclosure In Greater Toronto GTA

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If foreclosure is looming over you like a black cloud on a sunny day, don’t ignore the rain. Open the letters your lender is sending you and see where you are at in the process. Make sure you find your mortgage documents and read them thoroughly to know what to expect when you don’t make … Continued
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