We help our City Place Community Along Each Step of the Way with Simple and Smart Residential and Commercial Mortgages. As the City Place Community Neighborhood Mortgage Provider, We Understand the Area Better Than Any.
The stop power of sale is often used by lenders to recover funds when a homeowner defaults on their mortgages. What this means is that the lender can put your home up for sale to recover interest arrears and money owed to the lender.
Lenders do not typically issue the power of sale after missing one scheduled payment, rather it is the result of habitually missing payments throughout the regular term of the mortgage, or missing 2-3 consecutive payments.
We specialize in providing alternative financing assistance to good people with this unique situation or circumstance, and we can help you find a solution that will allow you to keep your home.
City Place Mortgage Inc. is affiliated with Ontario's well known Mortgage service company Mortgage Associates Ontario Inc. It was founded in 2013 with the goal of making home ownership affordable and accessible.