Facing Power of Sale? We Buy Houses Fast Across Canada
Stop the lender from selling your home for less than it's worth. Get a fair cash offer and close on your timeline.
Falling behind on your mortgage doesn't mean losing everything.
Power of sale is stressful. The letters from your lender, the legal notices, the shrinking timeline — it all creates pressure that makes clear thinking almost impossible. But here's what most homeowners don't realize: you still have options, and selling on your own terms is almost always better than letting the lender take control.
In Ontario, power of sale is the standard process when mortgage payments fall behind. In other provinces like Alberta and British Columbia, foreclosure is more common — but regardless of the process, the outcome is the same if you wait too long: someone else decides what your home sells for, and you lose leverage over your own equity.
I Buy Ugly Houses works with homeowners across Canada who are facing forced sale situations. We make a fair cash offer, close quickly, and help you walk away with as much equity as possible — before the lender's timeline runs out.
A fast sale protects your equity and stops the bleeding.
Every day that passes in a power of sale situation adds costs — legal fees, penalties, and interest that eat into your equity. Lenders are not required to get the highest price for your home. They just need to demonstrate they obtained fair market value. That distinction can cost you tens of thousands of dollars.
When you sell directly to us, there are no agent commissions, no staging costs, and no months of waiting for a buyer who may not qualify for financing. We pay cash, we close fast, and we handle the coordination with your lender and lawyer.
The earlier you act, the more options you have. If you're still in the notice period, you have time. If the lender has already listed the property, it may not be too late — but it's close. Call us today and we'll tell you exactly where you stand.
Here's how to get started — no obligation, no judgment.
Call 1 (888) 986-9883 or fill out the form below. We'll ask a few questions about your situation — how far along the process is, what's owed, and what condition the property is in. Everything is confidential.
We can often provide a preliminary offer within 24 hours and close within 7 to 14 days when the timeline demands it.
We work with homeowners in every province. Whether it's power of sale in Ontario, judicial sale in Alberta, or any other forced sale process — we've seen it, and we can help.
When you're facing a deadline, we move fast. Cash offer, no financing delays, no conditions.
Common questions about power of sale
What is power of sale?
Power of sale is a legal process that allows a mortgage lender to sell your property without going to court when you fall behind on mortgage payments. It is the most common form of forced sale in Ontario and several other Canadian provinces. The lender must follow specific notice requirements, and the homeowner retains the right to any surplus equity after the mortgage and costs are paid.
How is power of sale different from foreclosure?
In a power of sale, the lender sells the property but does not take ownership — the homeowner keeps any equity above what is owed. In foreclosure, which is more common in provinces like Alberta and British Columbia, the lender takes title to the property and the homeowner loses all equity. Power of sale is generally faster and more common in Ontario, New Brunswick, Newfoundland, and PEI.
Can I sell my house during power of sale proceedings?
Yes. Until the lender completes the sale, you have the right to sell the property yourself. In fact, selling privately often results in a higher price than a lender-driven sale, because lenders are only required to get fair market value — not the best possible price. Acting quickly is critical, as timelines are tight once the process begins.
How fast can you close on a power of sale property?
We can close in as little as 7 days when needed. In power of sale situations, speed matters — every day counts toward the lender's timeline. We work with your lawyer to coordinate a fast closing that stops the process and protects your remaining equity.
Will I keep any equity from the sale?
Yes. When you sell to us before the lender completes the power of sale, you receive the full sale price minus what is owed on the mortgage and any outstanding costs. This is often significantly more than what you would receive if the lender sells, since lenders are not motivated to maximize price.
What happens if I do nothing?
If you take no action, the lender will sell the property — often below market value — and deduct all mortgage arrears, legal fees, and penalties before returning any remaining equity. In many cases, homeowners who wait too long receive little or nothing. Selling on your own terms, even quickly, almost always results in a better outcome.
Get your cash offer before time runs out.
Fill out the form and we'll respond within hours. Completely confidential.
Related resources
Learn about our experience and trust, see how our process works, or read our frequently asked questions.
Dealing with other challenges? We also help with financial difficulties, inherited properties, and divorce situations.
Don't let the lender decide your future.
A fair cash offer, a fast closing, and the equity you've earned. Call us today.