Power of Sale Definition:
A provision in a mortgage agreement that grants the lender the right to sell the property upon certain default. The property will be sold by the lender as they choose to sell it, as the circumstances dictate.
For loan defaults, we offer the following services for our clients:
• Issuance of demand letters, statements of claim
• Retaining bailiffs to seize security that may have been pledged against the loan
• Assisiting the baliff or auctioneer in the sale of the security, if any
• Collecting the balance owing on the loan.
Contact us for solid and cost-effective advice on estate litigation, mortgage enforcement and loan defaults. It doesn’t have to be a complicated process. Let us simplify the situation.