Call us at 416-777-2244
Toll Free: 1-877-777-8977
Email us at Ask@LevyZavet.com
We handle Mortgage and Loan Enforcement Proceeding, Together with Debt Collection, Default notices & Demand Letters
Of any type and size, with some of the brightest and most motivated minds in the business, there is no better choice when it comes to legal advice than Levy Zavet Lawyers.
Our consultations are completely confidential and will give you the opportunity to explain your own, individual legal situation to one of our legal team experts.
Speed and Delicacy
Our Lawyers and Paralegals respond to our clients’ needs of urgency with speed and delicacy.
Ontario Law Experts
Our legal experts are trained in Ontario-based law and can assist you in any type of Mortgage or Loan Enforcement legal situation you may be facing.
Get a Free Consultation with one of our Top Lawyers
If you find that you may soon be in need of enforcing a Mortgage or any Loan, including sending out default notices or legal demand letters, as well as debt collection services, you should immediately contact us.
Power of Sale or Foreclosure
Levy Zavet Lawyers offers free and confidential consultations to any potential client wishing to speak to one of our experienced and motivated Lawyers.
A mortgage is a type of lien on the property it is registered against and represents security for the debt. Separate and apart from the security, a mortgage is a promise to pay. Most homeowners in today’s financial market are familiar with, or engaged in, a Mortgage agreement and Loan Enforcement situation.
Power of Sale, Covenant & Creditor
If a mortgage goes into default the creditor can get paid from selling the real property (Power of Sale) or by getting a judgment on the promise to pay (usually referred to as the covenant). The creditor (usually called the mortgagee) can start a foreclosure proceeding to take title to the property, or more commonly, he can serve a Power of Sale.
Get a Free and Confidential Consultation with our Legal Experts
If you find yourself in need of any legal advice regarding Mortgage and Loan Enforcement or if you are currently involved in a legal situation regarding Mortgage and Loan Enforcement, do not hesitate to contact Levy Zavet Lawyers for a consultation.
At Levy Zavet Lawyers our legal experts can help you with any debt collection situation.
Debt Collection in Canada
Debt collection can be a serious worry when it comes protecting your family and assets. In Ontario there are various reasonable and unreasonable collection practices that must be obeyed by debt collectors. Having a Lawyer who is well-versed in debt-related law is a valuable asset if you find yourself in any sort of lawsuit or legal situation.
In Canada, debt collection is governed by the various provinces and territories that govern that jurisdiction, and Levy Zavet’s Lawyers and Paralegals are well-educated in debt collection rules and regulations, ensuring you knowledgeable advice and consultations on the subject.
Our Lawyers will carefully listen to your concerns and needs while working to individually analyze your case. Our team will explore all options open to you and advise you on your situation and its potential directions and outcomes.
Get a Free Consultation with our Debt Collection Experts
If you find yourself in any sort of position that relates to commercial collections, personal debt, loan defaults or breach of contract, the Levy Zavet Lawyers are here to help you.
Default & Demand
At Levy Zavet Lawyers our legal experts can help you with any mortgage default & demand letter situation.
Mortgage Default Definition
A mortgage default or lone default means that the borrower violated one or more of the terms of the mortgage or loan agreement, including a promissory note. A promissory note, loan or mortgage agreement is a contract that lists all the terms and obligations of the debt. The most obvious default is failure to make a required regular payment.
However, a number of other things can be classified as defaults as well. These include not having property insurance, not paying property taxes, obtaining a subsequent mortgage on the property, failing to take adequate care of the property or security, trying to sell the property or security without consent or paying off the debt.
Because the home is security or collateral for the loan, a lender has an interest in maintaining its value. Failing to have proper insurance or failing to pay property taxes, for example, can jeopardize the value of the property.
Demand Letter Definition
A demand letter is a formal legal document sent by us to the debtor or borrower, including any guarantors, requesting payment or other action to right a wrong such as a breach of any of the terms of the loan agreement.
Get a Free and Confidential Consultation with our Legal Experts
Let the lawyers at Levy Zavet immediately demand that the borrower remedy any default prior to taking further enforcement proceedings in an attempt to save the loan, and advise on all matters of debt collection and legal demand, including court proceedings.
Mr. Levy represents mortgage investment corporations (MICs), mortgage funds, mortgage brokerages and administrators from all provinces wanting to extend loans in Ontario. Jeff works with many MICs, mortgage lenders, including private lenders, and lenders of all kinds from nearly every province in Canada, including British Columbia (BC), Manitoba, Alberta, and the maritime provinces. Jeff Levy is extremely experienced in understanding complicated mortgage loan agreements with multi-collateral structures, diverse payments and elaborate recovery provisions for every unique situation. His long history of experience in mortgage enforcement, power of sale, and foreclosures, has given him the knowledge to foretell viable exit strategies at the loan origination stage of almost every single mortgage deal.
Julian heads the firm’s litigation department and his advocacy practice is focused on debt recovery and complex court proceedings including receivership and collateral recovery. Mr. Binavince often litigates on behalf of clients in recovering debts owed through equipment leasing and financing, construction and real estate disputes, construction liens and mortgages, breach of contract, franchise disputes and corporate governance issues such as shareholder rights and obligations of directors and officers.
Shervin exclusively advises institutional as well as private lending corporations on a broad range of matters, including secured financing, securitization, construction financing, enforcement, joint ventures, operating contracts, inter-lender agreements, postponements and standstill disputes as well as mortgage enforcement and recovery. Shervin greatly enjoys working closely in both the private mortgage and equipment leasing and financing space, and focuses immensely on working hand in hand with his clients in all aspects of a loan transaction. This often includes getting involved from the very beginning during the underwriting stages to enforcement proceedings and recovery.