Avoid foreclosure or bankruptcy

We have helped many customers avoid declaring bankruptcy or losing their home through foreclosure, even when they thought they had no other choice.

Whether it’s a family emergency, a lost job, too many debts, a bad business venture or any other crisis, declaring bankruptcy or going into foreclosure are often not the best solutions.

We specialize in helping people in difficult situations.  If you own a home, with sufficient equity, then we can help, even when other banks and lenders cannot help.

One of the pitfalls to declaring bankruptcy (and foreclosure) is that it’s registered on your credit bureau for up to 7 years (see “credit bureau” for more info). This means it may be a lot harder to apply for a mortgage or any form of credit later on, even though you have resolved your financial issue completely.  It may also bring down your credit score.

Foreclosure has many pitfalls, the biggest one being losing your home.  Foreclosure is the process whereby the bank or lender that gave you a mortgage, demands they be repaid by selling your home. This may happen if you are in default of your mortgage agreement, usually due to late payments.  Foreclosures often attract large legal and administration fees as well, which may come out of your pocket.

The foreclosure process can vary greatly in length.  It usually begins with a demand letter, whereby the bank or lender demands immediate payment, and ends in the house being sold.  In between, the customer is usually given a timeframe (redemption period) to try and make up the payments or refinance their mortgage, so they can keep their home. So it’s never too late for us to try and help unless the house is already sold.

Whether its bankruptcy or foreclosure, late payments, too many debts, or any other financial bind, if you own a home or property, we want to help. These are not pleasant experiences, but we will do everything we can to provide you with relevant and accurate information that could save you thousands of dollars and much hardship later on.

Sometimes all you need is a second chance.  We specialize in finding that second chance for you.

We can use our equity loan (see Equity Loans for more info) programs to lend you the money you need on a low monthly payment, and bring you up to date on all the bills while you get yourself back on your feet. The equity loan, or 2nd mortgage, is a popular short term solution.  A mortgage refinance could also help depending on your situation and what you qualify for, which, when possible and done right, may be the long term solution you need.

Please call us today or apply online, so we can give you the right advice and the right solution for your situation.  Call 403.284.4000.
 

   

Contact Us

600-602 12th Avenue SW
Calgary, AB
T2R 1J3 

Toll Free 877.284.4009
P 403.284.4000
F 403.284.4010

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