While there are different remedies a lender can access when there is default on a mortgage loan, the most common one in Canada, by far, is where lenders exercise their right – that is their power to sell a property when default has occurred. There is a clause written in the mortgage authorizing the mortgagee (lender) to sell the property in the event of default.  After following a strict prescribed set of rules about notice to the homeowner and other interested parties, lenders can use their power to sell the property.  They do not take ownership.  As a mortgage term, power of sale is equivalent to the term foreclosure. Once the creditor is paid out of the net proceeds, the property is transferred by deed to the purchaser, and the surplus, if any, is returned to the debtor.  The debtor is thereby, completely divested of any interest in the property and has no subsequent right of redemption (recovery of property by paying the mortgage debt in full). 

Interested in a Power of Sale property? 

Adam provide his clients an in-depth analysis in understanding power of sale purchases in Ontario.  Offers to purchase these types of homes are prepared differently with no warranties, the right of redemption and other matters. Adam’s experience and extensive knowledge, helps navigate through the complex paperwork and offers invaluable advice to help protect your interests. Adam’s exceptional negotiating skills have proven results to get below average asking prices in power of sale properties. 

Contact Me

Mohammed Awadi

Apr 10th, 2020

Thank You Adam for your patience and time over these past 7 months in trying to find the right home in this crazy market !! This week we moved into our new home and it is so good to be settled. Thank you for arranging the Mortgage for us we couldn't do with you When I go to downsize( the next time) I will be sure to connect with you again.

MAMohammed Awadi

Dr.Majed Zaitouni

Apr 10th, 2020

A great person and always has a way out for buying difficulties

DZDr.Majed Zaitouni

Mounir Srayeddin

Apr 10th, 2020

Both his personality and work skills are great

MSMounir Srayeddin


Apr 10th, 2020

My wife and I have had the opportunity to work with Adam several over a Year on homes and commercial spaces, each time very successfully and our experiences have been nothing short of spectacular!

RHRitish H

Madhav Nath

Apr 10th, 2020

Adam is a an experienced Real Estate agent who really makes sure that you get your dream house, a property which you can call home. I highly recommend Adam.

Adam is a an experienced Real Estate agent who really makes sure that you get your dream house, a property which you can call home. I highly recommend Adam.


M Madhav Nath


Apr 10th, 2020

Adam has been fantastic helping me find a house to buy I appreciated that he began the process by sitting down with me to really learn and understand what was important for my first home. 
Instead of going through countless listings on my own as I had before I met Adam, he began feeding me only the listings that applied to me based on my needs. 
I was also impressed by the number of hidden pocket listings of which he was aware helping to keep me out of the painful bidding wars I have encountered in the past.  
While my previous experience with other realtors has led me to feel they are often only motivated to make a sale,Adam has personally gone far beyond this unfortunate norm. He truly cares first and foremost that I find a home that makes me happy and won't let me settle for anything less. 
I would definitely recommend him to anyone looking to find their special home

AKArami K

Khaqan H

Apr 10th, 2020

We had a great experience selling our house with Adam . He was professional, knowledgeable, and responsive. He has a lot of experience and knowledge of the real estate market in our area. We were very pleased with his services from start to finish and sold our house quick and above asking!

KMKhaqan H Mohammed


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