Buying A Power Of Sale Compared To A Foreclosure

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Buying A Power Of Sale Compared To A Foreclosure
by Eryn richardson

The Power of Sale is the most commonly used method in Ontario by which a Lender will seek to gain possession of the mortgaged property with a view to selling it and regaining the total money owed on the mortgage. The Foreclosure is a popular term but used in the wrong context when speaking about homes that are being sold by the ...

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