3029 Bloor St W., Toronto, ON M8X 1C5. Tel: 416-234-9111. Fax: 416-234-9114
When a default occurs in a real property security portfolio, time is of the essence. You, your corporation, or your institution needs the immediate and highly-qualified assistance of our Mortgage Enforcement team. Mortgage enforcement requires the prompt pursuit of all the steps and strategies. Even a short delay can compromise the chance of a fully-successful recovery.
At MBZ, we understand the use of the different enforcement tools within the context of the economy and the property itself. Our enforcement and recovery experience includes all varieties of real estate ownership and security, including residential, commercial, industrial, tenanted, condominium and cooperatively-owned properties. Lenders can rely on our judgment and advice respecting all enforcement methodologies, whether taking steps under the applicable power of sale provisions, or by proceeding with foreclosure or an order for judicial sale.
In addition to the procedural steps, we assist and advise regarding such important issues as ongoing insurance coverage, collection of rents, and maintenance of the real property. We move quickly through the repossession process, using our extensive experience to avoid administrative and judicial roadblocks. We assist with the marketing and sale of repossessed properties, including the completion of the sale and all post-closing reporting to stakeholders.
MBZ’s clients include all levels of lenders. We represent banks, trust companies, lending corporations, credit unions, equity lenders, and private individuals. We pride ourselves on seeking full recovery for our lending clients. We also represent our clients in pursuing any recovery shortfall through all available mechanisms for collections enforcement.
Time can get away with you, and take your money with it. When a default occurs, contact MBZ’s Mortgage Enforcement team without delay, for prompt and professional service.