The Hidden Realities of Selling a Power of Sale Property in Ontario and Alberta
Navigating a Power of Sale or lender-enforced mortgage transaction involves a completely different set of legal mechanics, financial stakes, and emotional dynamics than a standard residential deal. Whether you are an investor hunting for a distress deal, a lender recovering capital, or a client seeking experienced guidance from Sam Kamra , executing an enforcement sale requires precision, speed, and strict legal compliance across markets in Ontario and expanding real estate sectors in Alberta . What Happens During a Power of Sale? In Ontario , a Power of Sale allows the mortgagee (lender) to sell the defaulted property to recover outstanding mortgage debt, legal fees, and carrying costs. Unlike a judicial foreclosure—which is more common in Alberta courts—a Power of Sale in Ontario allows the lender to sell the home without taking official title to the property; legal title remains with the defaulting homeowner until the transaction closes. Because the lender does not own the propert...