Nova Scotia uses a court-connected foreclosure-and-sale process: the lender obtains an order for foreclosure and sale from the Supreme Court, and the property is sold at a sheriff's auction. It moves faster than Western judicial provinces.
Collections; cure window.
Formal demand from the lender's counsel; NS lenders can move to court after roughly 30 days of continued default.
The lender applies to the NS Supreme Court for an order of foreclosure and sale. Defended files take longer; undefended ones move quickly.
The property is auctioned. The lender typically credit-bids its debt; third-party bidders must beat it.
NS permits deficiency judgments — the lender can pursue the shortfall after an auction that clears below the debt.
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