Foreclosure is the legal steps that a lender takes to recover arrears and principal on mortgage loan that is in default. Our Lending Partners are specialized and will help take steps that can stop the mortgage foreclosure from proceeding.
The first step is to contact us for more direction. We will do a fast analysis of the foreclosure situation, and will require details of the existing mortgage that is in default. Specifically-
Have you been served with a Statement of Claim, or equivalent?
How much is left owing to the existing lender, and, what is the amount in arrears?
Has an appraisal been done yet? If so, what was the value established by the Appraiser? When was it done?
What are the circumstances that landed you in this situation?
Related Article – Mortgage in Foreclosure
We arrange mortgage financing for clients with all types of credit profiles- from excellent to poor. For us, Equity is King. Alberta Home Loans has successes where many big banks fail. Bad credit, debt consolidation, purchases, refinances, renewals – Even properties in mortgage foreclosure. 
We look at residential detached homes, condos, mobile homes on owned land, and raw land acreages. Commercial properties as well! We will consider properties up to 80% loan-to-value in larger urban areas, and reduced LTV`s in smaller, rural areas.
Under our Alternative Lending program, occasionally our lenders will consider assets other than real estate as additional security if needed (IE, vehicles, heavy machinery, mobile homes on leased land). Typically these assets have to be unencumbered for us to consider them.
Whether you’re purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it’s important that you are making an educated buying decision with professional unbiased advice.
Contact me and tell me about your situation! Contact us