Power of Sales
Power of Sale is a provision which allows the lender the power to sell the property when the borrower defaults the mortgage. In this process the ownership changes hand after the sale is complete. When selling by Power of Sale, the lender will still have some obligations to the mortgagor.
At Vision Investment Group, we’re experienced in working with Power of Sales. We’ll sit down with you and discuss your current situation, and we’ll look into financing options that may be suited to your needs.