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Legal Ease
Legal Ease, Lawyer
Category: Canada Law
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Experience:  Lawyer
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We have been issued a Power of Sale. Is there any action that

Customer Question

We have been issued a Power of Sale. Is there any action that we can take to postpone proceedings to allow us time to sell the property ourselves?
Submitted: 7 months ago.
Category: Canada Law
Expert:  Legal Ease replied 7 months ago.
What province are you in please?
Customer: replied 7 months ago.
Ontario
Expert:  Legal Ease replied 7 months ago.
In Ontario you have the right to redeem the property up until the time the house is actually sold. This means that you have to pay off all the money owing. So, if you can refinance that would work. You also have a right to try and sell the house but this will not give you the right to delay the bank from selling the house.let me know if you need any further clarification.

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