At Davidzon Law we are called on by mortgage lender clients who are dealing with borrowers in default of their obligations. When taking steps to enforce a mortgage there are different approaches that can be selected, mostly commonly being either foreclosure or power of sale. Depending on the option selected by the lender, the outcomes can have significantly different implications for the client. For this reason, we feel it is a very important first step to discuss with our clients what they are hoping to achieve as a result of the mortgage enforcement. Sometimes the client is more interested in obtaining registered title to the mortgaged property while other times the client wants nothing more than to get their investment returned and walk away. By taking the time to understand our client’s goals and intentions, we assist them in selecting the appropriate enforcement route that best meets their needs. Once the mortgage enforcement option is selected we will communicate with the borrower or their solicitors to try and resolve the default failing which we will take the appropriate steps to take control of the property and either transfer it to the lender or sell it to recoup the outstanding debt.
Davidzon Law real estate law team are well versed in all aspects of commercial real estate law in Ontario and have years of experience acting on behalf of our clients to achieve their goals. We regularly work together with mortgage brokers and mortgage lenders to ensure that our clients’ interests are advanced and promoted. We understand that our client’s livelihoods are tied into their commercial real estate investments and we are proud to represent them. If you would like to discuss a mortgage enforcement matter with a lawyer at Davidzon Law, please call us today to schedule a consultation.
I have worked with Ronald Davidzon to process and close numerous real estate transactions. He is prompt, precise and extremely professional. He’s a pleasure to work with and completes each project on budget.
Dave G. Richmond Hill, ON
As a first time home buyer, I hired Ronald Davidzon to take care of the closing process, and I’m very glad I did. Ronald was always very prompt, helpful, and professional. He was always available for consultation, and addressed all of my questions and concerned in detail. Ronald coordinated with all the involved parties, and made the closing process easy and seamless. I highly recommend his services for anyone buying or selling a property.
Daniel A. Toronto, ON
“ The professional services of Davidzon Law has been a tremendous resource for both myself personally and the company I own. Davidzon Law assisted me with a number of property related scenarios and have stepped up to the plate when I needed them on the business side of things. From my experience their dedication to their clients is unparalleled and they have really earned my trust going the extra distance to satisfy my demanding needs. I appreciate their expertise and level of communication, and I am grateful to have them part of my team. I would strongly recommend them to anyone looking for a firm that can handle different aspects of real estate and business law. ”
Adam W. Vaughan, ON
“ I had some legal issues which is the reason I contacted Davidzon Law. I was lucky enough to speak directly with one of the partners who gave me really great information. I moved forward to give them a retainer and within a few months my legal issues had disappeared. In fact, I received all costs when we appeared in court. I am 100% pleased with Ronald at Davidzon Law, he did a great job and I highly recommend him.”
Mark G. Toronto, ON