Tag Archives: Quebec

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligibility is very important information. Home owners and Quebec real estate investors can save the headache and money.

Pyrrhotite and pyrite: the differences

“Pyrrhotite is a mineral species composed of iron sulfide and is of a
bronze yellow color, blackening when exposed to air. When it crystallizes in blades, pyrrhotite can produce cracks in the concrete structures.”

“Pyrite is a mineral which is found in stone and produces sulfuric acid when it oxidizes upon contact with humidity and oxygen.
When this phenomenon occurs under foundations, it can cause
the heaving and cracking of the concrete slab.”

(Source: Quebec’s building authority )Quebec


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This program grants financial assistance to the owners of
residential buildings whose foundations have been damaged
by the presence of pyrrhotite in order to enable them to get
the necessary work done to ensure the integrity of the
foundations on these buildings.

It applies to a municipality where measures have
been put in place to avoid the risks associated with t
he presence of pyrrhotite in the foundations of residential buildings.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligibility

You may benefit from this program if the following conditions are met:

The residential unit must serve as a principal residence;
The building must have been damaged by pyrrhotite,
or the building’s foundations must contain at least 0.23 % of pyrrhotite;
Work is needed to ensure the integrity of the building’s foundation.
Other conditions apply.

Financial Assistance Residences Damaged
by Pyrrhotite in Quebec Canada Assistance Offered

This financial assistance covers 75 % of the recognized
eligible costs, up to:

$75,000 if the building does not fall under the Guarantee
Plan for New Residential Buildings;

$15,000 if the building falls under the Guarantee Plan
for New Residential Buildings, but where the restoration
work on rooms located in the basement is not covered by this plan.
Eligible Work

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Eligible work includes:

Replacement of the building’s foundation, including
elements providing access to the building if they
are integrated into the foundation and, if applicable,
reconstruction of the outside siding;
Restoration of the rooms located in the basement.
Non-eligible Work
Landscape, paving of the driveway or alleyways (pavement, asphalt),
restoration or replacement of wood decks or backyard accessories
(pool, spa, shed) are not eligible under this program.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Program Registration

The Société d’habitation du Québec has allocated the management
of the Program for Residences Damaged by Pyrrhotiteto the
municipalities and regional county municipalities (RCM).

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada Steps

You must communicate with your municipality or RCM to see
if you are eligible to the program. They will tell you what
documents you need to submit in order to create your file.
A representative from your municipality or RCM will go visit
your residence to determine what work might be eligible.
A representative from your municipality or your RCM will
set the maximum financial assistance to which you are
entitled, based on the recognized eligible costs and
work execution modalities.

You must wait for authorization from the municipality or
RCM before undertaking the work.

The financial assistance will be paid once the work has been
completed and after an inspector from the municipality or
RCM has checked that the work has been completed as agreed.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada For More Information

Contact your municipality or RCM Cet hyperlien s’ouvrira
dans une nouvelle fenêtre.. If you need any additional information,
contact the SHQ Client Relations Centre.


We believe the information contained in this
article to be accurate.It is presented with the
understanding that we are not engaged in
rendering legal,accounting, or investment advice.
When professional assistance is required,
utilize the services of a licensed real estate
broker, lawyer, accountant,
or other consultant as may be required.

Financial Assistance Residences Damaged by Pyrrhotite in Quebec Canada
Tickets for LIVE CRASH COURSE at http://www.Flipping4Profit.ca

Quebec Foreclosure Process

Quebec Foreclosure Process starts when a mortgage holder is in default of payment. The mortgage lender issues the home owner a 60-day notice warning them that their mortgage is in default and that their property will be seized if they do not remedy the situation. In most cases, it is assumed that the property owner will find a way to repay the amount owed.

Quebec Foreclosure Process

There are certain Quebec foreclosure process that a mortgage lender or bank must follow before they can start a home foreclosure. The first step in the Quebec  foreclosure process is that a mortgage lender must apply to a court for an order. If there’s a Supreme Court Registry in your local town or city, the mortgage lender is usually required to start the Quebec foreclosure proceedings there, unless you agree to file the papers at a different location.

Quebec Foreclosure Process


Once the court has the filed order a “petition for foreclosure” will be sent to you this is a copy of the lender’s foreclosure application to the court. The mortgage lender  can also ask the court to sue you for any amount money that you may still owe on the mortgage.

Right of Appearance

As the home owner in Quebec you have the right to request an Appearance form from the court registry. The Appearance form must be  completed and filed at the court address shown on the petition. The Appearance form requires the mortgage lender or any other person to notify you of any further steps  or filings that relate to your property. If you don’t file the Appearance form, the mortgage lender can proceed without  informing of the legal proceedings or the status of the foreclosure. Once the Appearance form is filed, you will get a document called a “Notice of Hearing”, which tells you when the lender will ask the judge for an order to start the foreclosure process.

Quebec Foreclosure process Redemption Period

The home owner  is given time to “redeem” the mortgage by paying the full amounted owed, plus any interest, costs and taxes to the lender. This time period is called the “redemption period” and it’s length can vary but usual time for this is about 6 months, you can also ask the judge for a longer period of time to get the money required to pay off the mortgage or sell your home. The Quebec foreclosure laws are designed to give the home owner every chance to redeem the mortgage.

Avoiding Quebec Foreclosure process

If you face a potential foreclosure in Quebec, you should take immediate action as per following recommendations from Canadian real estate investment experts.

Contact your lender immediately. Foreclosures are an expensive and time consuming process, so it’s likely your lender will be eager to avoid it if there is a better way for them. Communicate directly with the mortgage lender with your particular situation. You both will find a better resolution than anyone else.

Forbearance :Depending on your situation, here are some options you or your lender might suggest: Ask for extra time to make up your payments Lenders might agree to wait before taking legal action against you and let you work out a repayment plan that is affordable for you

Mortgage Modification : Every  mortgage lender or bank is different. Ask the mortgage lender to change the interest rate to a more manageable level. A lender might also extend the amortization period which will lower monthly payments.

Avoiding Quebec Foreclosure options

Increase the Mortgage amount : Some lenders may offer to spread out missed payments over a longer term. Re-calculate and refinance the mortgage If the home owner have enough equity and meet the lender’s requirements, the lender may increase your mortgage amount.

Consolidation: Home owner  may also refinance by wrapping other debts into your mortgage By putting your 20% – 30% interest debts like credit cards into your mortgage.  Paying them off, and increasing the mortgage amount, you will decrease your overall monthly debt load.  As long as you’re pretty sure you can keep up with payments, it’s not a bad option.

Mortgage Default Insurance If you happen to have hi ratio mortgage on your home then you may get some temporary protection from foreclosure and power of sale in Canada. Default mortgage insurers carry programs that help struggling homeowners to temporarily pay interest only, or to forgive some of your payments.

Canadian private hard money lenders: Consider getting secondary mortgage from a Canadian private hard money lender. They do not care about your credit score, income. All they want to have AACI appraisal to see that there is enough equity.

Family and friends: Asking help from family and friends can be quick solution too. Mom and Dad's bank can be the super choice.

Quebec Foreclosure Process

Sell it for instant cash and fast closing :   One of the best option is for the home owner is to sell their property to Canadian real estate angel investor for cash with fast closing. Save the hassle, legal cost, credit and downsize with pride.

Words of Wisdom

Words of wisdom from Canadian real estate investment expert, Navtaj Chandhoke "Most important for every home owner must have skip a payment plan built in their mortgage. Be aware of all the penalties due to default. One of the worst penalty is interest rate differential which can give you the shock of your life. The property will be  foreclosed if the home owner is not able to repay the full amount that is owed".

Dealing with a looming foreclosure it not easy but if prepare yourself, get in contact with your real estate lawyer.  Be cooperative as possible you can and will make it through the process. Knowing the Quebec foreclosure process professional real estate investors can help home owners and make money.

Quebec Foreclosure Process




Tax Sale properties Laval – Quebec

Laval Quebec

Tax Sale properties Laval – Quebec: Sale for non-payment of taxes

The Cities and Towns Act (RSQ, c C-19) allows municipalities to recover the unpaid taxes through the sale of immovables for non-payment of taxes. This recovery method requires no previous judgment. It is against governed by strict procedures.

For official rules, please refer to the Act, including Section VI – Sale of immovables for non-payment of taxes, Articles 511-538.
Next sale for non-payment of taxes

Thursday, November 19, 2015 from 10 am to 12 pm at Laval City Hall.

List of Tax Sale properties Laval subject to sale for non-payment of taxes as of November 16, 2015,

Please note that this list is subject to change and that the buildings can be added or subtracted from the list of Tax Sale properties Laval by November 19, 2015.

How to register

Tu te person who wishes to become purchaser (buyer) or act as agent is invited to pre-register the morning of the sale. An updated list of Tax Sale properties Laval, subject to sales is distributed and a copy of the conditions of sale.

Accepted forms of payment, made payable to City of Laval, are:

money order
by bill
by money order
certified check

Conditions to bid

A natural person, with proof of identity, must provide the following information: name, date and place of birth, complete mailing and residential address, if applicable, a mandate or power of attorney if it represents another individual.

A corporation must provide a name, legal form and the constitutive Act, and the full postal address and registered office, if any. Also the representative of a legal person must provide his name, his quality of representative (agent) and a copy of the supporting document authorizing him to act (by resolution – mandate, attorney and others).


We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements

Navtaj Chandhoke can be your next key note speaker for real estate office meeting or Canadian real estate investment conventions, expos or trade shows.please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more about CanadianTax sale properties.

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