Selling Your Home Fast to Avoid Foreclosure in Ontario

If you're falling behind on mortgage payments, you may be feeling overwhelmed, anxious, and unsure of your next steps. You're not alone. For many Ontario homeowners, selling your home to avoid foreclosure can provide the relief you need before things spiral out of control. But in Ontario, what you’re likely facing isn’t traditional foreclosure—it’s something called a Power of Sale, and understanding this difference is critical.

In Ontario, Power of Sale allows lenders to sell your home if you default on your mortgage—without going through the courts. It moves faster than foreclosure and puts your remaining equity at risk. If you're thinking, "My house is being foreclosed—how long do I have to move?" or "Can I sell my home if it is in foreclosure?"—this blog is for you.

Can You Sell a House in Foreclosure?

Many Ontario homeowners—from Durham to Simcoe—have sold their homes mid-foreclosure and avoided lasting financial damage. Although we commonly say "foreclosure," Power of Sale is the process most Ontario lenders use. Unlike foreclosure, the lender doesn’t take title of your home—they simply have the right to sell it and apply the proceeds to your debt.

Here’s the good news: Even if the lender has started the Power of Sale process, you can still sell your home. In fact, many homeowners choose to avoid foreclosure by selling. Doing so can protect your credit, preserve your remaining equity, and help you move forward on your terms.

Some common questions we hear include:

• Can I sell my house during the redemption period?

• Can you sell a house that's in foreclosure?

• If your house is in foreclosure can you sell it?

The answer in Ontario is almost always yes—but time is of the essence.

How Selling Your House Can Help You Avoid Foreclosure

Selling your home fast (before the Power of Sale process is completed) lets you take control before legal costs, realtor commissions, and penalties eat away at your equity. When you work with a fast home buyer, you can:

• Choose your own closing date (in as little as 48 hours)

• Sell as-is, with no repairs or cleanup needed

• Avoid showings or agent fees

• Stop the foreclosure process before it finalizes

We often help people wondering things like:

• Can I still sell my home if I’m behind on payments but not yet in foreclosure?

• Sell my house fast before foreclosure—how does it work?

• Can you sell your house during foreclosure?

At Lewis Brothers Properties, we walk Ontario homeowners through these steps with no pressure and no judgment. If you're saying, "I need to sell my house in foreclosure", or wondering how to sell a home in foreclosure before it’s too late, we’ll walk you through your options. You can sell your house before foreclosure—and we’re here to help you do it fast. For many families, the most effective way to stop foreclosure is to sell the house directly to a cash buyer.

When Is It Too Late to Stop Foreclosure?

The moment your lender sends a Notice of Sale (which typically happens 15+ days after default), the clock starts ticking. From there, you have a redemption period (usually 35–45 days) to bring your mortgage up to date.

After that, the lender can proceed with a Statement of Claim and begin selling the property. While you can still sell your home even during this period, your window is closing fast. Every delay means more fees, and less equity.

We often hear questions like:

• When does foreclosure begin?

• When is it too late to stop foreclosure?

• Am I allowed to sell my home after receiving a foreclosure notice?

In Ontario, you can sell your home almost right up until the sale closes—but it’s much easier (and more profitable) to act early.

What Happens If Your House Is Foreclosed?

If you don’t act in time, your lender may sell the property under Power of Sale. Here's what typically happens:

• Your home is listed and sold by the lender

• All legal, realtor, and administration costs are deducted from the sale

• You may still owe money if the sale doesn’t cover your total debt

• Your credit score will take a serious hit

We often get asked:

• Do you get any money if your house is foreclosed?

• If my house is foreclosed do I still owe the bank?

• How long can you stay in your house after a foreclosure auction?

• Will I still owe money after the foreclosure?

The hard truth is, unless you sell your home before the process completes, you risk losing your equity and still being stuck with debt.

Don and Rick at Lewis Brothers Properties personally guide every seller through the process—no agents, no pressure, and no repairs. If you're facing default and don’t know where to turn, we’ll help you get a fair offer fast and avoid foreclosure on your terms.

We buy houses in any condition, which means you can sell your house fast without the added stress and expense of getting it market-ready. If you're overwhelmed and looking for a way out, selling your home to avoid foreclosure could be your fastest path to peace of mind.

Request a Free Offer or Get Cash in 48 Hours. Book a call with us today.