Stop a foreclosure:
the redemption period
is your window — use it.

No. Foreclosure is a court-supervised process used mainly in BC, Alberta, Saskatchewan and Nova Scotia — the lender petitions the court, gets an order nisi, and a redemption period is set before any sale. Power of sale (used mainly in Ontario) is faster and doesn't require the same court process: under Ontario's Mortgages Act the lender serves a notice of sale and must wait at least 35 days before selling. If you're in Ontario, see our power-of-sale page; the urgency is the same either way.

After the lender obtains an order nisi, the court sets a redemption period — historically around six months, but it can be shortened where there's little equity or the borrower isn't engaging. During that window you can redeem the mortgage by paying what's owed (arrears or full balance). It's the single most important date on your file — tell us what it is the moment you call.

Often, yes, as long as you act inside the redemption period and have equity. A refinance or bridge large enough to reinstate or pay out the lender removes the basis for the foreclosure. Rescues can close with little time remaining, but every extra day means cheaper options, so call as early as you can.

Private funding typically takes 1–2 weeks; some straightforward files close in a few days. Not guaranteed. It depends on the property, title, the lender and the documents, so no one can promise a date sight-unseen. We treat these as emergencies and move accordingly.

Private capital generally goes up to about 75% of your home's value; B-lenders can go higher where your credit supports it. The payout (arrears or full balance + legal costs + fees) needs to fit under that ceiling. Example: a $600k home with a $360k mortgage in default has roughly $90k of accessible room — usually enough to reinstate and cover costs.

Either, depending on your situation. Reinstating (paying the arrears plus costs to bring the mortgage current) is cheaper if the lender will accept it and the redemption order allows. Paying out the lender entirely with new financing removes them completely and is often cleaner. We assess which the lender and court will accept and which costs you less.

Yes. We size the new financing to cover the full picture — missed payments, accrued interest, the lender's legal costs, and our disclosed fees — so you come out fully current rather than partially caught up and immediately back in default. We size the financing to clear the default fully, so you aren't left partly caught up and at risk of falling behind again.

Private rescue capital runs higher than ordinary mortgages (CMHC reported the 25 largest private lenders averaged about 9.6% on single-family mortgages in Q3 2025), plus a lender and broker fee — because of the speed and risk. Weigh the cost against what you could lose at a judicial sale. Whether it's worth it depends on your equity, the costs and your exit plan, and we model this in writing before you decide. And it's temporary: the plan is to refinance back to A-lender pricing within 12–24 months once you're stabilized.

It becomes much harder once the redemption period expires and the court grants an order absolute or orders a judicial sale — at that point title can transfer and your options narrow sharply. Before that, and sometimes right up until a sale closes, a full payout can still redeem the mortgage, and a court may extend the period in some circumstances. The safe rule: act early in the redemption window, not at the end, because cost and difficulty both climb as the deadline approaches.

Yes. The missed payments and the default/enforcement are reported to the credit bureaus and can lower your score for some time, which affects future borrowing. Stopping the foreclosure and getting the mortgage current limits the damage — and part of our plan is a credit-rebuild path so you can refinance back to a mainstream lender within 12–24 months.

Often yes — until the court grants an order absolute or completes a judicial sale, you generally still hold title and may be able to sell the home yourself, subject to the court process and the lender's rights. Selling on your own terms usually preserves more equity than a court-ordered sale. A bridge can also buy the time to sell properly rather than in a rush. We'll help you weigh selling against refinancing to keep the home.

In a judicial sale the proceeds pay the lender first, then legal and court costs; any surplus is returned to you. But a forced, court-timed sale rarely gets top dollar, so the surplus is often far less than the equity you actually had — and if title transfers by order absolute you can lose it entirely. Protecting that equity is the whole reason to act inside the redemption period rather than let the process run.

Court filings exist, but the financing itself is confidential — only your lawyer, the lender, and the new lender are involved in the payout. We handle these files discreetly and without judgment. Our focus is keeping you in the home, not commenting on how you got here.

Ontario lenders almost always use power of sale rather than foreclosure — it's a faster, notice-driven process. The rescue toolkit is the same (refinance, bridge, private), but the timeline and legal steps differ. Head to our power-of-sale page, or just call us and we'll route you correctly.