How much time does the law give me after a missed payment?

Enter the date a payment was missed to see the earliest a Notice of Sale can be given and the earliest a property can be sold under Ontario's Mortgages Act. Treat the dates as typical, not fixed; a mortgage's own terms and a lender's practice can vary them.

What you get. Enter one date and see a 7-step timeline of typical dates for this process, with the step you can act on highlighted. The stages: Before you miss a payment: Contact the lender early · Day 0: The payment is missed · Day 15 at the earliest: Earliest day a Notice of Sale can be given · Once notice is given: Notice of Sale is served · While the notice runs: You can still act · At least 35 days after the notice: Earliest date the property can be sold · After a sale closes: Proceeds are applied; a shortfall or surplus can follow.

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In this centreWhat happens if I fall behind on my mortgage, and how much time do I have?

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