A clause in Canadian mortgages allowing the lender to sell a property without court involvement after the borrower defaults. Used in Ontario and some other provinces as a faster alternative to judicial foreclosure.
Related Articles
- Foreclosed Properties Canada: Investor's Guide to Finding Deals
Learn how to find and buy foreclosed properties in Canada. Pre-foreclosure, auction, REO strategies with financing tips and due diligence checklist.
- Closing Day Checklist: What to Bring & Expect
Complete closing day checklist for Canadian real estate investors. What to bring, documents to sign, costs, and how to prepare for your property purchase.
- How to Structure a Real Estate Fund in Canada
Structure a Canadian real estate fund: LP vs trust, manager fees, NAV reporting, subscription agreements, and key compliance steps.
- Understanding Effective Strategies for Raising Investment Capital in Real Estate: Investment Fundamentals
Attract investment capital through public speaking, authorship, and media exposure. Build credibility to position yourself as a worthy partner.