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Mortgage Squad Advisors
URGENT — Foreclosure

Foreclosure filed against you? The redemption period is your window — use it.

In BC, Alberta, and other foreclosure provinces the court gives you a redemption period before the home is lost. We refinance, bridge, or restructure inside that window to stop the judicial sale.

Same-day approvalFunded in daysStops judicial saleUp to 75% of home valueBC · AB · MB · SK · NS · QCNo judgment
5-star rated| FSRA #13737| 5-min pre-qualification
Today’s best 5-yr fixed
4.19%
across 50+ lenders
Live math · URGENT — Foreclosure
$3,218/mo
Property value$750,000
Down payment$150,000
Get pre-approved Full math
Maya · AI · 24/7
Tell me about urgent — foreclosure mortgages
5-star rated| FSRA #13737| 50+ langs

Foreclosure provinces (BC, Alberta, Manitoba, Saskatchewan, Nova Scotia, Quebec) run the enforcement through the courts rather than a quick power-of-sale notice. That sounds slower, and the redemption period does buy you time — but the clock is real, and once the redemption period expires the court can grant an order absolute or order a judicial sale, and your equity can vanish. A-lenders won’t refinance a mortgage in active default. We will — through bridge and private capital that funds in days, reinstating your mortgage or paying out the lender entirely before the window closes.

Foreclosure is a court process — and a court process means a redemption period, which is your opportunity to act. Once the lender obtains an order nisi, the court sets a time (often around six months, but it can be shortened) for you to redeem. We use that window to refinance or bridge you out of default before the order absolute or judicial sale. Fast, confidential, no lectures.

What you get

Why Canadians choose Mortgage Squad Advisors.

Refinance or bridge funding that closes in days — often a same-day commitment
Reinstate (bring current) or fully pay out the foreclosing lender before the redemption date
Equity-based approval — driven by your home’s value, not your recent payment history
Works across foreclosure provinces: BC, Alberta, Manitoba, Saskatchewan, Nova Scotia, Quebec
Up to 75% of home value on private capital; more at B-lenders where credit allows
Rolls in arrears, legal costs, and lender fees so you exit fully current
Stops the order absolute and judicial sale — keeps the home and the equity in your hands
Plan to refinance back to A-lender pricing once you’re stabilized, typically 12-24 months
100% confidential — no public spectacle, no judgment, just a recovery plan
All lender + broker + legal fees disclosed in writing before you commit
Maya · 24/7 AI advisor

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How it works

Three steps. No jargon. No pressure.

1

Tell us where you are

Have you received a demand letter, a petition, or an order nisi? What’s the redemption date, and how much is owing including arrears and legal costs? Send the property address — we estimate equity and map your options within hours, not days. If a redemption or sale date is set, that drives everything.

2

Match emergency capital

Private lenders fund foreclosure rescues fastest — appraisal, instruct the lawyer, close in days. Where credit allows, a B-lender refinance is cheaper. We pick the option that closes inside your redemption window and covers the full payout, then negotiate the rate and fees down.

3

Reinstate + plan the exit

Your lawyer pays the lender — either bringing the mortgage current or paying it out entirely — and files what’s needed to halt the proceeding. The home is safe. We then set a refinance trigger to move you off the emergency rate back to A-lender pricing as your file recovers.

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FAQ

Common questions, answered.

Don’t see yours? Ask Maya — instant answer, any time.

Is foreclosure the same as power of sale?
No. Foreclosure is a court-supervised process used in BC, Alberta, Manitoba, Saskatchewan, Nova Scotia and Quebec — the lender petitions the court, gets an order nisi, and a redemption period is set before any sale. Power of sale (used mainly in Ontario) is faster and doesn’t require the same court process. If you’re in Ontario, see our power-of-sale page; the urgency is the same either way.
What is a redemption period and how long do I have?
After the lender obtains an order nisi, the court sets a redemption period — historically around six months, but it can be shortened where there’s little equity or the borrower isn’t engaging. During that window you can redeem the mortgage by paying what’s owed (arrears or full balance). It’s the single most important date on your file — tell us what it is the moment you call.
Can I really stop a foreclosure that’s already in court?
Yes — as long as you act inside the redemption period and have equity. We refinance or bridge you enough to reinstate or pay out the lender, which removes the basis for the foreclosure. We’ve closed rescues with little time remaining, but every extra day means cheaper options, so call as early as you can.
How fast can you fund?
Private foreclosure rescues can close in as little as 3-7 business days once we have an appraisal and the lawyer is instructed — sometimes faster when a redemption date is imminent. We treat these as emergencies and move accordingly.
How much equity do I need?
Private capital generally goes up to about 75% of your home’s value; B-lenders can go higher where your credit supports it. The payout (arrears or full balance + legal costs + fees) needs to fit under that ceiling. Example: a $600k home with a $360k mortgage in default has roughly $90k of accessible room — usually enough to reinstate and cover costs.
Do I reinstate the mortgage or pay it out entirely?
Either, depending on your situation. Reinstating (paying the arrears plus costs to bring the mortgage current) is cheaper if the lender will accept it and the redemption order allows. Paying out the lender entirely with new financing removes them completely and is often cleaner. We assess which the lender and court will accept and which costs you less.
Can I roll in the legal costs and arrears?
Yes. We size the new financing to cover the full picture — missed payments, accrued interest, the lender’s legal costs, and our disclosed fees — so you come out fully current rather than partially caught up and immediately back in default. Half-measures are how people lose homes; we make sure the file actually clears.
What does foreclosure rescue financing cost?
Private rescue capital runs higher than ordinary mortgages — roughly +200-500 bps plus a lender and broker fee — because of the speed and risk. Compared with losing your home and its equity at a judicial sale, it’s almost always the right trade. And it’s temporary: the plan is to refinance back to A-lender pricing within 12-24 months once you’re stabilized.
Will this be public or affect my family?
Court filings exist, but the financing itself is confidential — only your lawyer, the lender, and the new lender are involved in the payout. We handle these files discreetly and without judgment. Our focus is keeping you in the home, not commenting on how you got here.
What if I’m in Ontario, not a foreclosure province?
Ontario lenders almost always use power of sale rather than foreclosure — it’s a faster, notice-driven process. The rescue toolkit is the same (refinance, bridge, private), but the timeline and legal steps differ. Head to our power-of-sale page, or just call us and we’ll route you correctly.

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