What is a 60-day notice?

In Quebec, a 60-day notice serves as a formal notification, giving the recipient 60 days to resolve any outstanding debts. The 60-day notice is a critical step that precedes further legal actions, such as foreclosure or enforcement of alegal hypothec.

Any sort of default can result in a 60-day notice including: 

  • Unpaid municipal taxes
  • Unpaid building insurance
  • Overdue mortgage payments
  • Unpaid construction work
  • Unpaid condo fees
  • Legal judgment

What is a 60-day notice?

In Quebec, a 60-day notice serves as a formal notification, giving the recipient 60 days to resolve any outstanding debts. The 60-day notice is a critical step that precedes further legal actions, such as foreclosure.

Any sort of default can result in a 60-day notice including: 

  • Unpaid municipal taxes
  • Unpaid home insurance
  • Overdue mortgage payments
  • Unpaid construction work
  • Unpaid condo fees
  • Legal judgment

I received a 60-day notice, what should I do?

A foreclosure can be devastating and have lasting consequences on your credit score and financial stability. Thankfully, as a homeowner you have many options at your disposal to prevent this situation:

  • Contact your lender or creditor to arrange repayment of your debt.
  • Sell the property under a 60-day notice to pay off what you owe and cash out on any equity, avoiding the risk of losing everything to foreclosure.
  • Secure a home equity loan from PADS Financial for up to 70% of the property's value, clear your debts, and access additional funds if needed.

Will I qualify for a 60-day notice home loan?

PADS Financial approves more loans than traditional banks because we prioritize equity and loan-to-value.

​​Apply online in minutes and get approved within 24 hours.

How it works?

Secure a home equity loan approval in 24 hours for your 60-day notice. Our loan application process is 100% online, from sign up to fund transfer.

1

Submit online application

Apply online within minutes with just  your ID and mortgage statement.

2

Get approved in 24 hours

A loan offer will be presented within 24 hours for your approval.

3

Finalize and receive funds

Accept the offer, finalize with the notary, and receive your funds.

4

Settle 60-day notice debt

Pay the money you owe to remove the 60-day notice.

Trusted Canadian lender

Member of the Canadian
Lending Association

Loans of up to
$1,000,000

Competitive rates for
private lending

Frequently asked questions

What happens if I don't resolve the issue within 60 days?

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Can I negotiate the terms of a 60-day notice?

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What is a home equity loan?

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How does a home equity loan work?

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Which document will I need on hand to apply for a home equity loan?

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