As homeowners renegotiate their mortgages in the wake of interest rate spikes, foreclosure has been top of mind for many. But foreclosures can be complex and potentially difficult to understand for the average Canadian.

In this crash course, we demystify the foreclosure process and how to avoid one in the first place.

What is a foreclosure? How do they work? What are the steps of involved in a foreclosure? What timelines do homeowners need to be aware of? What legal documents are needed?

All these questions and more will be answered in this episode of TVO’s What Is Explainers.

Produced by Ariana Longley
Twitter:   / 500daysofariana  

About What Is Explainers:
TVO Today’s ‘What Is’ explainers are bite size videos providing information to help you better understand the world you live in.

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