Working With 4 Pillars In Victoria In A Foreclosure

Owning a home is a dream for most individuals, couples, and families living in Victoria. Over the years, the cost of housing in the city, and in the surrounding areas, has increased dramatically, which creates higher mortgage payments for owners throughout the term of the mortgage.

In Canada, foreclosure can occur when mortgage payments are missed. Most lenders do not take action if one payment is missed, but if the homeowner continues to miss payments, make partial payments, or fails to work with the lender to get caught up, foreclose proceedings may begin.

As 4 Pillars debt consultants, we often work directly with individuals, couples, or families facing foreclosure. The good news is that in many cases, our consultants can provide options and solutions to clients to help them to avoid foreclosure and the loss of their home while also assisting in addressing additional debt.

Working With All Debt

Most people with missed mortgage payments are also struggling with other types of debt. This may include car payments, credit cards, and managing any other personal loans. These debts, whether secured or unsecured, also need to be addressed as part of the overall debt management solutions that may be possible based on your specific financial status.

Failing to take this big picture view is common when people are not using debt consultants. Our job at 4 Pillars in Victoria is to understand your current forms of debt, including the foreclosure, and then develop an effective strategy and financial solution that works for you.

Our team of debt consultants at 4 Pillars in Victoria is here to assist in this emotional and challenging time. For a free, personalized consultation, email our team, complete the contact us form, or call us at 866-690-3328.