CONSOLIDATE YOUR DEBTS
The principle of debt consolidation is very simple: take one loan from a lender to pay off all your debts. You will then only have to make one payment each month, and you may benefit from a lower interest rate, especially if you consolidate credit card debts. In addition, if you meet the terms of your loan, you will maintain a good credit rating.
FAST MONEY LOANS
You need money quickly, contact us and we’ll help. Indeed, we grant minimum loans of $ 5,000. These loans can be disbursed within a 48-hour period. We serve the entire province of Quebec. The review is quickly done by phone or in person. Our objective is to allow you to have quick access to the funds in order to resolve an emergency situation that cannot be resolved otherwise. We will work with you to ensure that the amount loaned is realistic based on your financial situation.
We advise you to borrow in a responsible manner, as these loans have higher interest rates than financial institutions. These loans should only be taken out when it is the only option to get financial assistance. You should know that it is preferable to prioritize the reimbursement of your debts with the highest interest rates, in order to minimize your debt. If this loan is used in a responsible way it may prove to be part of the solution to your problems.
Please be aware ,hat all our loans granted must be guaranteed by a real estate asset.
60 DAYS NOTICE
Your current mortgage lender wants a refund? He hereby requires payment of all delays and fees, within 60 days otherwise, upon judgment; it will become the owner of your real property. We can prevent seizure. We have the solution for you. During this legal procedure where creditors demand payment of fees and delays, Pretcapital allows you to keep your property and avoid bankruptcy. Our private first- or second-mortgage loans will help you maintain ownership and protect your credit history. Don’t wait until you’re up against the wall. We’re here to help you.
What is this Notice?
The real name of the 60-day notice is actually «Notice of Exercise of a Mortgage Right ». Ce préavis est signifié au débiteur en défaut. This notice is served on the defaulting debtor. This is the first judicial procedure for a defaulting debtor. By this notice, the creditor notifies the debtor that he has a period of 60 days (real estate) in order to correct the defects listed therein. The most common defects are those of a financial nature, such as unpaid mortgage payments, unpaid interest or unpaid municipal taxes. Other defects are of a contractual nature, such as lack of insurance or maintenance. Failing to correct them, the creditor can exercise his mortgage appeal, all before the courts.
Once the notice is served, it must be registered in the Québec Land Register and filed with the Registry Office. La date de l’inscription au Registre est le point de départ du délai de 60 jours. In fact, given the protection of other interested creditors or third parties, it is only when the notice is registered in the Land Register that the period begins to run.
Appeals by the creditor
When the notice is prepared, the creditor must already indicate the choice of his future legal recourse. He will usually be able to exercise one of these remedies, namely (1) the taking of payment, (2) the sale under the control of the court (mutual agreement, invitation to tender or at auction), and (3) the sale by the creditor. In addition, the creditor could also issue a « Notice of withdrawal of the right to collect rents » ato recover rents owed to the debtor by tenants.
In the event that the debtor does not correct the defects and does not voluntarily abandon the immovable, then a judgment in forced abandonment will become necessary, including also one of the options of recourse already mentioned.
60 days passed…
The creditor can begin his legal recourse according to the choice determined at the notice. By this recourse, he will obtain either the property of the building or the money coming from the sale of the building. Note that even during the legal recourse, the debtor can correct the defects in order to keep his property.
The debtor will then receive a judicial procedure served on him by a bailiff. If he does not dispute this procedure, a judgment will be rendered approximately within 45 days. However, if he disputes it, he must have very good reasons to defend himself.
Your current mortgage lender wants a refund? He hereby requires payment of all delays and fees, within 60 days otherwise, upon judgment; it will become the owner of your real property. We can prevent seizure. We have the solution for you. During this legal procedure where creditors demand payment of fees and delays, Pretcapital allows you to keep your property and avoid bankruptcy. Our private first- or second-mortgage loans will help you maintain ownership and protect your credit history. Don’t wait until you’re up against the wall. We’re here to help you.
What is this Notice?
The real name of the 60-day notice is actually «Notice of Exercise of a Mortgage Right ». Ce préavis est signifié au débiteur en défaut. This notice is served on the defaulting debtor. This is the first judicial procedure for a defaulting debtor. By this notice, the creditor notifies the debtor that he has a period of 60 days (real estate) in order to correct the defects listed therein. The most common defects are those of a financial nature, such as unpaid mortgage payments, unpaid interest or unpaid municipal taxes. Other defects are of a contractual nature, such as lack of insurance or maintenance. Failing to correct them, the creditor can exercise his mortgage appeal, all before the courts.
Once the notice is served, it must be registered in the Québec Land Register and filed with the Registry Office. La date de l’inscription au Registre est le point de départ du délai de 60 jours. In fact, given the protection of other interested creditors or third parties, it is only when the notice is registered in the Land Register that the period begins to run.
Appeals by the creditor
When the notice is prepared, the creditor must already indicate the choice of his future legal recourse. He will usually be able to exercise one of these remedies, namely (1) the taking of payment, (2) the sale under the control of the court (mutual agreement, invitation to tender or at auction), and (3) the sale by the creditor. In addition, the creditor could also issue a « Notice of withdrawal of the right to collect rents » ato recover rents owed to the debtor by tenants.
In the event that the debtor does not correct the defects and does not voluntarily abandon the immovable, then a judgment in forced abandonment will become necessary, including also one of the options of recourse already mentioned.
60 days passed…
The creditor can begin his legal recourse according to the choice determined at the notice. By this recourse, he will obtain either the property of the building or the money coming from the sale of the building. Note that even during the legal recourse, the debtor can correct the defects in order to keep his property.
The debtor will then receive a judicial procedure served on him by a bailiff. If he does not dispute this procedure, a judgment will be rendered approximately within 45 days. However, if he disputes it, he must have very good reasons to defend himself.
BANK REFUSALS
You may be refused a personal loan, a car loan or a mortgage for various reasons. The cases of refusal of bank loans are numerous and do not all have the same origin. This could be a negative rating at your credit bureau, a debt rate deemed too high, bad account management, or an uncertain work situation. Our specialists will be able to help you resolve this situation. Please note that we have several lenders with whom we work who will be able to accept your application.
CONSUMER PROPOSALS
You avoided bankruptcy, by making a consumer proposal? Be aware that although you have kept some assets, your credit may be worse off than if you went bankrupt. Consumer proposals have a negative impact on the credit report: while a consumer proposal is in place, an “R7” code appears in your credit report and it will remain in your history for a period of three years following the last payment of your proposal. rating to a proposal as to bankruptcy, which means an inability to properly manage money. While you are still under the obligation of a proposal, the banks will not even take your loan application into consideration. Even after it is completed, banks will wait up to two years before they can even be addressed. On the other hand, there are solutions that Pretcapital specialists can implement to help you get a loan and rebuild your credit report.
LEGAL MORTGAGE
The consequences of issuing a legal mortgage notice are likely to be dramatic. Thanks to the mortgage remedies available to them, their beneficiary can request that your residence be sold in court, in case you do not pay their claim. He can also ask the court to declare himself the owner of the premises, without having to compensate you, even if your residence has a much higher value than that of the protected claim.
A major irritant for mortgage lenders
This legal construction mortgage could put you in default with respect to your hypothecary creditor, who would apply for the repayment of the loan he made to you, failing to have this notice written off yourself within a specified period. More information …
There are several types of legal hypothecs allowed to land advertising.
First, there is the legal hypothec in favor of people who have participated in the construction or renovation of a building. It protects money owed to an architect, an engineer, a material supplier, a worker, a contractor or a subcontractor for the work they have done.
Then there is the legal mortgage of the state that protects the claims of the state, including sums due under tax laws, as well as some other claims of the state or legal persons of public law , specially provided for in particular laws.
There is also the legal mortgage of the syndicate of co-owners which protects the payment of common expenses and contributions to the contingency fund.
Finally, the legal mortgage resulting from a judgment protects the amount a debtor is ordered to pay.
Know that the legal construction mortgage takes precedence over other legal mortgages and over conventional mortgages even if they were published before the legal construction mortgage. It acquires a right greater than that of the mortgage lender on the property on which it is registered.