Mortgage enforcement is an area of law that is complex, driven by contract law, the Mortgages Act, Land Registration Reform Act and the Land Titles Act. 

The mortgage enforcement lawyers at Vakili Law Group have extensive experience in advising institutional lenders and private lenders alike in mortgage enforcement remedies. The most frequently used remedies include, power of sale, judicial sale and foreclosure. 

Mortgage enforcement requires a deep understanding of the applicable laws and the available remedies as each remedy has its own advantages and disadvantages. For more information about the various remedies read our blog post here.

Mortgage enforcement can be commenced by the mortgagee (lender) if the mortgagor (borrower) commits an act of default under the terms and conditions of the mortgage. The most common form of default is failure to pay your mortgage on time. However, other defaults can also result in the lender commencing mortgage enforcement. 

Our mortgage enforcement lawyers can assist you in deciding on the most suitable remedy to exercise for your situation, which will often turn on the circumstances of your matter and whether the property is occupied by a tenant, the borrower or whether the property is vacant. Other factors to consider is the amount of the loan, whether you believe the sale of the property will result in a shortfall or a complete recovery of your mortgage loan including all costs. 

Having experienced lawyers by your side at every stage in the process is critical to recovering your investment in a timely and cost-effective manner. Our experienced mortgage enforcement lawyers will help you make informed decisions to ensure the best possible outcome for your particular circumstances.

To learn more about our services and how we can assist you with your mortgage enforcement matter contact our lawyers to schedule a meeting to discuss your matter.