Power of Sale Homes in Lambton: Foreclosures & Bank-Owned Listings

There are 1 power of sale listings in Lambton on the MLS® right now — 1% of the 298 listings for sale in Lambton. The count updates daily.

The median asking price of the 1 power of sale listings in Lambton is $990K.

Under Ontario's Mortgages Act a lender can sell a mortgaged home without going to court, but only after the borrower has been in default for at least 15 days and a notice of sale has been given at least 35 days before the sale. Until the sale, the borrower can stop it by paying the arrears and the lender's costs, and during the notice period the lender cannot take other enforcement steps without a court order. The lender sells the home through a brokerage like any other listing, usually "as is, where is". Listings described as foreclosures or bank-owned are counted with power of sale here: 1 in Lambton right now.

A listing counts when it is a listing the brokerage marks as a power of sale, foreclosure or bank-owned (mortgagee) sale, going by the special listing conditions and the public remarks on the MLS® listing. Only active listings are included; conditional sales and listings the seller has withheld from the Internet are left out.

Summitly refreshes TRREB's MLS® data throughout the day, so the 1 listings on this page reflect what is on the market now. New matches are added as they are listed.