If you're facing foreclosure

What are my rights?

If the lender starts foreclosure proceedings, I've lost any chance of keeping my home.
  • True
  • False

Worried that you might lose your home because the bank is threatening to take it? If you default on your mortgage, the lender can start legal proceedings to take the property or sell it to pay the mortgage debt. This legal process is called foreclosure. Learn what to expect and what options you have if you’re facing foreclosure.

What you should know

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  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in March 2018
  • Time to read: 13 minutes

Reviewed for legal accuracy by

Ari Wormeli, YLaw Group

Ari Wormeli

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