60 DAY NOTICE

Does your current mortgage lender want to get paid off? He requires payment of all delays and costs, within 60 days, otherwise, upon judgment, he will become the owner of your property. We can prevent the seizure. We have the solution for you. During this legal procedure where the creditors demand the payment of late fees. La Maison du Prêt allows you to keep your property and avoid bankruptcy. Our private 1st or 2nd mortgage loans will help you stay homeowner and protect your credit report. Do not wait until you are up against the wall to act. We are here to help you.

HAVE YOU RECEIVED A 60 DAY FORECLOSURE NOTICE? WE CAN HELP!

La Maison du Prêt can help you get your credit file back on track with your current mortgage lender. Our main goal is to help you avoid foreclosure, and above all, to protect the EQUITY you’ve worked so hard to build over the years.

WHAT IS A 60 DAY FORECLOSURE NOTICE?

A 60 day foreclosure notice or notice of exercise of hypothecary is an office notice, according to the Civil Code of Quebec, through which a lender discloses the debtor’s failure to perform his obligations. The 60 days deadline is calculated from the moment the notice, once served to borrower, is registered in Québec Land Register.

A LENDER CAN SEND YOU A 60 DAY NOTICE FOR ANY TYPE OF DEFAULT:

• Unpaid municipal taxes

• Unpaid building insurance fees

• Overdue mortgage payments

• Etc…

During the 60 day period, the borrower can remedy the failure mentioned in the notice and either bring their payments up to date or pay back the arrears.
If the 60 days have elapsed and no agreement has been reached or no default payment plan has been arranged, the mortgage lender can ask the court for a forced surrender to seize the property in order to reimburse the amount owing.

WHAT ARE YOUR OPTIONS ONCE YOU HAVE RECEIVED A 60 DAY NOTICE BY A BAILIFF?

The first option is to contact your lender in order to pay the monies owed. If you are unable to obtain the necessary monies to repay the arrears, you may contact private lenders who could finance you for up to 75% of the market value of your property. Also, you may sell your property in order to pay your debtors and keep your remaining equity before the current lender obtains a court judgement to repossess the property.
Whatever your financial situation, our short-term financing solutions can be adapted to your current needs so that you can remedy the situation at a very competitive interest rate! Our private mortgage loan requests are processed without delay to help you correct the situation as quickly as possible.

THINK OF A PRIVATE LOAN To avoid losing your home, it is imperative that you get your file up to date with your creditor by paying what you owe them. If you don’t have the cash you need, you could mortgage your home by taking out a temporary loan equal to up to 75% of the value of your home from a private mortgage lender like La Maison du Prêt. Specialized in alternative financing, we can present solutions that will allow you to maintain a good credit report and bring your receivables up to date. We offer short-term loans to our customers with competitive interest rates. Above all, we always have a financial option tailored to your needs and your request will be processed quickly.