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Power
of Sale
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Foreclosure |
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Getting to the right
lending resources in time... |
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| If you are in danger of losing your home due
to debts, illness, etc, you will need quick access to experienced
financial specialists that will take action to immediately stop a
Foreclosure or Power of Sale. |
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| Unfortunately, most mortgage agents in Canada
lack the experience or access to the best resources, which can leave you
high and dry. |
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| Q- How can The Canadian Renovation
Funding Program help me get out of my Foreclosure or Power of
Sale crisis? |
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A- With access to over $1Billion in
private mortgage investment funds across Canada, the program is
designed to refer clients to the most appropriate form of lending
for any given circumstance, including combination debt consolidation and renovation
financing, along with credit rehabilitation.
Foreclosure and Power of Sale rescues are
a part of it.
As the program is supported by both the construction and mortgage
industries, its mandate is to provide a path to the ultimate affordability for
the purchase of repairs or renovations. Many times, that
"path" includes getting out of trouble, which may mean an initial refinancing of debts and the
repair of credit. (Note: The purchase of renovations is not
required for any mortgage transactions)
The program acts as a "facilitator" for private mortgage
investors by providing a proper client "match-up" to
their individual scope and level of loans.
Even if the purchase of those repairs or renovations take place at
some future date, the help given to homeowners in regards to their
future ability to borrow is good for both industries. |
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| Q- My bank has threatened to take
power of sale/foreclosure action (or I have already been legally
served with papers). What can I do? |
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| A- We strongly advise you to do the
following: |
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| 1- |
Most
importantly- (easier said than done)- Don't Panic.
Make sure you get sleep. Your judgment and decision-making
abilities become impaired without sleep, and you cannot
afford to have that happen at this critical time.
Regardless of the final outcome, your health is way too
important. |
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| 2- |
Go to https://www.werenovate.com/form22.htm
and fill out all of the information. This initial inquiry
form does not require a credit inquiry. It is designed to
have our in-house credit specialists review your
information, from which a recommendation will be made for
the most appropriate lending resource.
Note: With the exception of the major banks, all
private lenders (whether individuals, credit unions
or investment companies, etc.) must have all of their
mortgage loans arranged through a licensed mortgage
broker. Most of our investors use their own
"in-house" brokers to officially conduct all of
their transactions.
Once we have initially determined the scope of your
personal situation, we will then refer you to one of these
in-house broker specialists. |
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| 3- |
Timing-
It cannot be emphasized enough that it is extremely
important not to waste a minute of time throughout this
process. When we receive an application where the client
is in danger of losing their home, we take it seriously.
(Although we accept no liability or responsibility
regarding the outcome).
If you leave out too much important information when
submitting our initial inquiry form, your file may be
placed on hold in favour of someone else's more properly
filled out form.
Ultimately, we will personally contact you, but it is
better for you and our specialists to have all of your
information at hand in order for them to make an efficient
and quick referral decision. Please fill out everything! |
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Fill out the
information at https://www.werenovate.com/form22.htm
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You will be
contacted immediately upon your submission. |
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