Facing power of sale in Toronto? Sell fast and protect your equity
Missed mortgage payments or a Notice of Sale from your lender? A quick, private cash sale can pay off what’s owing and put the remaining equity back in your pocket — not the lender’s legal bills.
Why selling before power of sale can protect you
In Ontario, most lenders enforce a defaulted mortgage through power of sale rather than a court foreclosure. After missed payments, the lender can issue a Notice of Sale under Mortgage, which generally gives the homeowner at least 35 days to bring the mortgage into good standing or pay it off. If that doesn’t happen, the lender can take possession and sell the property.
When a lender sells, its priority is recovering what it’s owed — not getting you the best result. Legal fees, enforcement costs, property management and commissions are all added to your balance, and a quick sale of a vacant home can eat into your equity. If the sale doesn’t cover everything, you may still owe the difference.
Selling on your own terms, before the lender takes control, lets you pay out the mortgage and arrears on closing and keep whatever equity remains. Fair House Buyers can move quickly, work alongside your lawyer and lender, and keep the whole process discreet — no sign on the lawn and no public listing.
A simpler way forward
Here’s how a direct cash sale to Fair House Buyers takes the pressure off.
Move before the deadline
We can make an offer within about 24 hours and close in as little as 7 days.
Protect your equity
Pay out the mortgage and arrears on closing and keep the difference.
Help protect your credit
Resolving the debt through a sale is often better than a lender-enforced sale.
Private and discreet
No sign, no listing, no neighbours asking questions.
We work with your lender
Your lawyer confirms the payout amount and discharges the mortgage on closing.
Honest options
If refinancing or a payment arrangement makes more sense, we’ll tell you.
Three simple steps
Tell us about your home
Call 905-497-5534 or complete our short form. It takes about two minutes and there is no obligation.
2 minutesGet a fair cash offer
We review your property and recent comparable sales, walk through the home with you, then present a clear written cash offer.
Within 24 hoursClose on your timeline
Accept the offer, choose your closing date and get paid through a licensed Ontario real estate lawyer. It really is that simple.
As little as 7 daysFrequently asked questions
Straight answers, no fine print. Still unsure? Call us — we’re happy to talk it through.
All frequently asked questionsWhat is a Notice of Sale under Mortgage?
It’s a formal notice your lender sends after mortgage default, stating how much is owed and the date by which it must be paid to stop the power of sale. The notice period is generally at least 35 days. If you receive one, speak with a lawyer right away — and call us if selling is an option you want to explore.
Can I still sell my house after receiving a Notice of Sale?
In most cases, yes — as long as the lender hasn’t already sold the property. Moving quickly is important, because the more time passes, the more fees and costs are added to what you owe.
What if I owe more than the house is worth?
Tell us upfront. Depending on the numbers, there may still be solutions — for example negotiating with the lender. We’ll be honest about whether a sale to us can help.
Will anyone know I’m selling?
No. We don’t put up signs or list your home publicly. Only the professionals needed to complete the sale, such as the lawyers, are involved.
Other situations we can help with
Inherited & Estate Homes
Probate, estate trustees and out-of-town heirs — we make the sale simple.
Divorce & Separation
A fair, neutral cash offer both parties can agree on — and move forward.
Rentals & Tenant Issues
Sell with tenants in place. No showings, no N12s, no LTB headaches.
Relocating or Downsizing
Moving for work, family or retirement? Close on the date that suits you.
Fire, Water & Major Damage
We buy homes with fire, flood, mould, foundation or structural issues.
Sell As-Is, No Repairs
Outdated, cluttered or needs work? Leave it exactly as it is.
Don’t wait for the deadline. Explore your options today.
Get a fair, no-obligation cash offer within 24 hours. No commissions, no repairs, no showings. Just a simple, respectful sale on your terms.