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A power of sale take place when a default occurs on a loan and the mortgagee has the legal right to force the sale of a property without judicial proceedings. The term describes a sale under the power contained in the mortgage document or in the Mortgages Act.
Although properties for sale that are under power of sale in the GTA must be given the necessary exposure and time on the market in order to optain the best possible sale price, it is often possible to buy these properties below market value. To do so, you need the help and advice of an experienced real estate professional.
Let Diane Salman help you uncover power of sale GTA properties. You can begin your search here and browse through hundreds of available homes in the GTA. If you see anything of interest or you have any questions about the GTA home market please do not hesitate to contact Diane Salman. She can be your eyes and ears in find that perfect power of sale GTA property.
