New Brunswick mortgages typically contain power-of-sale clauses enforced under the Property Act, making it one of the faster Atlantic jurisdictions. Notice requirements are real but short.
Collections; cure window.
Formal demand followed by a notice of sale, published and served per the Property Act — typically 30 days' notice.
NB power-of-sale properties often go to public auction, which tends to produce below-market prices.
Proceeds pay the lender, costs, then junior claims; surplus to you, shortfall potentially claimed against you.
Enter your numbers, see what you'd walk away with under foreclosure vs. private sale vs. refinance.
Every term in this guide (order nisi, redemption, power of sale) explained in plain English.
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