*Stats as of Dec 2023
MEET MANSOUR REAL ESTATE GROUP
Meet the team that brings over two decades of expertise to every transaction. fueled by a singular mission: to impact and improve the lives and business of our clients through real estate.
CLIENT STORIES
WHAT WE DO
RESIDENTIALRESALE MARKET
Offering unparalleled expertise in navigating the nuances of the housing market, ensuring a smooth and successful process for sellers and buyers alike.
PRE-SALES
Early-stage development opportunities, offering clients exclusive access and insightful guidance to secure prime real estate projects in the Lower Mainland.
DEVELOPERCONSULTATIONS
We work collaboratively with clients to define idealized outcomes, focus objectives, build internal processes and systems, and provide ongoing executive support / management for their real estate development marketing and sales.
REAL ESTATE RESOURCES
Calculate mortgages, evaluate homes, explore properties, and gain expert insights with our buyer's and seller's guides-all in one place!
BLOG
Dive into real estate blog for expert insights, trends, and tips.
Do I Have to Move Out Immediately After a Foreclosure Judgment in BC?
December 10, 2025
Do I Have to Move Out Immediately After a Foreclosure Judgment in BC?
A foreclosure judgment can feel final and overwhelming, but in British Columbia you usually do not have to move out immediately. Many homeowners in Surrey, Langley, Delta, White Rock, and Abbotsford still have time to prepare, organize a move, or even take steps to protect their equity before the process ends. Here is what actually happens after a foreclosure judgment and what to expect in terms of timing and next steps.Understanding What a Foreclosure Judgment Means
A foreclosure judgment happens after the lender has taken the mortgage to the BC Supreme Court. The judgment may include:- The amount owed.
- Legal costs.
- Interest and arrears.
- Next steps the lender can take.
You Usually Stay Until the Property Is Sold
In most BC foreclosures, you remain in the home until:- The court approves an offer to purchase the property.
- The sale completes.
- Possession transfers to the new buyer.
What Happens When the Court Approves a Sale?
Once the court approves an offer through an Order Approving Sale, the sale contract sets:- The completion date.
- The possession date.
- The move-out deadline.
Will Someone Show Up to Remove You?
Not immediately. Lockouts and bailiff enforcement only happen when:- The sale has completed.
- The possession date has passed.
- You have not moved out.
How Much Time Do You Usually Have?
While every case is different, most homeowners see timelines like:- 2 to 6 weeks between court approval and completion.
- 1 to 4 weeks between completion and possession.
Can You Still Sell After a Foreclosure Judgment?
In many cases, yes. If the lender has not yet received Conduct of Sale or the court has not approved a final offer, you may still have time to:- List the home.
- Find a buyer.
- Pay out the mortgage.
What If You Need Extra Time?
Homeowners sometimes receive additional time if they:- Show they are actively selling the property.
- Submit proof of refinancing efforts.
- Demonstrate a genuine need tied to family circumstances.
What If You Do Not Leave on Time?
If you stay past the possession date:- The new owner can apply to enforce possession.
- A court order may authorize a bailiff.
- Your belongings may need to be removed under pressure.
How Mansour Real Estate Group Helps
If your home is approaching or has reached a foreclosure judgment, you still have options. Our team helps you:- Understand your remaining timeline.
- Determine whether a sale is still possible.
- List and sell quickly to protect equity.
Will Foreclosure Affect My Credit Score in Canada?
December 10, 2025
Will Foreclosure Affect My Credit Score in Canada?
Foreclosure has a serious impact on your credit score in Canada, but it is not always the disaster people imagine. The damage depends on how far the process goes and whether you act early. Many homeowners in Surrey, Langley, Delta, White Rock, and Abbotsford worry that foreclosure will ruin their financial life forever. The reality is more nuanced. It hurts, but you can control how much and how long. Here is what actually happens to your credit score during and after foreclosure in British Columbia.How Missed Payments Affect Your Credit Score
Your credit score starts dropping before foreclosure even begins. The first marks show up when:- A payment is more than 30 days late.
- Additional payments are missed back to back.
- The mortgage is usually reported as a serious delinquency.
- Your score may drop by 100 points or more, depending on your starting point.
Does a Demand Letter Appear on Your Credit?
A demand letter itself does not show up on your credit report. However, the missed payments that led to the letter are already visible. Lenders and future creditors see:- Late payments.
- Increasing delinquency.
- Rising balances due to fees and interest.
What Happens When a Petition for Foreclosure Is Filed?
Once your lender files a Petition for Foreclosure in the BC Supreme Court, the mortgage usually appears in your credit report as:- “In Collection.”
- “In Legal.”
- or a similar serious status, depending on the lender.
Does a Court-Ordered Sale Show Up Separately?
The court-ordered sale itself is not usually a separate line item on your credit report. Instead, your credit reflects:- History of missed payments.
- Legal or collection status on the mortgage.
- Any unpaid balance after the sale.
The Biggest Risk: Owing Money After the Sale
If your home sells for less than the total owing and the lender pursues the shortfall, this can make things worse. A deficiency judgment or related legal action:- Can appear in public records.
- Can affect how future lenders view your application.
How Long Does Foreclosure Affect Your Credit?
In general:- Missed payments stay on your report for up to six years.
- Collections or legal notations usually remain for up to six years.
- If bankruptcy is involved, it typically appears for six years after discharge.
How to Limit the Credit Damage
You can reduce the long term impact on your credit score by:- Selling your home before the lender gets conduct of sale.
- Working with your lender early to set up a repayment or refinance plan.
- Keeping other accounts, like credit cards and car loans, in good standing.
- Avoiding additional late payments while you are resolving the mortgage.
Why Selling Before Foreclosure Helps Your Credit
When you sell before foreclosure:- The mortgage is paid out in full on completion, if there is enough equity.
- You avoid the worst collection and legal notations.
- You often avoid a deficiency judgment.
Rebuilding After Foreclosure
Even if foreclosure goes further than you hoped, you can rebuild. Many people:- Start with a secured credit card.
- Make consistent on time payments.
- Keep balances low.
- Gradually qualify again for mainstream credit over time.
How Mansour Real Estate Group Helps
We cannot control how credit bureaus score you, but we can help you avoid the stages that do the most damage. Our team helps by:- Quickly determining your home’s market value.
- Showing you how much equity you still have.
- Building a fast, effective listing strategy if selling is the best move.
- Coordinating with your lender and broker so the sale supports your long term financial recovery.
About Mansour Real Estate Group
The Mansour Real Estate Group, led by Mohamed Mansour, MBA and Associate Broker, is a top performing real estate team in the Fraser Valley. With more than 21 years of experience and over $750 million in completed sales, the group is trusted for divorce, estate, downsizing, and family related property transactions across Surrey, Langley, Delta, White Rock, and Abbotsford.Related Reads
Is It Better to Refinance or Declare Bankruptcy to Stop Foreclosure?
December 09, 2025
Is It Better to Refinance or Declare Bankruptcy to Stop Foreclosure?
When missed mortgage payments start to pile up, many homeowners wonder whether they should try to refinance or declare bankruptcy to stop foreclosure. In British Columbia, both paths exist, but they are not equal, and they do not lead to the same long-term outcome. If you live in Surrey, Langley, Delta, White Rock, Abbotsford, or anywhere in the Fraser Valley, this guide will help you understand the difference so you can talk to the right professionals and choose your next step with more clarity.What Refinancing Does
Refinancing replaces your current mortgage with a new one, usually with:- A different lender or product.
- New payment terms.
- A new interest rate and amortization schedule.
- Pay off your existing mortgage.
- Bring arrears back to zero.
- Roll other debts into one payment.
What Bankruptcy Does
Bankruptcy is a legal process that deals with unsecured debt. It is handled by a Licensed Insolvency Trustee and overseen federally. Bankruptcy may:- Eliminate or reduce unsecured debts like credit cards and lines of credit.
- Stop certain collection actions and garnishments.
- Affect your credit for many years.
Stopping Foreclosure With Refinancing
Refinancing can stop foreclosure when:- You have enough equity to support a new mortgage.
- Your income can support payments, even if the rate is higher.
- A new lender is willing to fund the deal.
- You start before the lender files a Petition for Foreclosure.
- Your credit, while bruised, is not completely damaged.
- You work with a broker who knows how to handle arrears.
Stopping Foreclosure With Bankruptcy
Bankruptcy may temporarily slow or complicate foreclosure, but it does not always save the home. It is mainly designed to address unsecured debt. Bankruptcy may make sense when:- Your unsecured debt is overwhelming.
- You have little or no equity in the property.
- You do not see a realistic path to keeping the home.
When Refinancing Is Usually Better
Refinancing is often the better choice when:- You want to stay in the home.
- You have equity and some borrowing power left.
- Your main problem is short-term cash flow or high-interest unsecured debt.
When Bankruptcy May Be the Only Realistic Option
Bankruptcy may be more realistic when:- You have very little or no home equity.
- Your income is not enough to support any reasonable mortgage payment.
- Your unsecured debt is so high that even refinancing cannot solve the problem.
Where Selling Fits In
There is a third path that many owners overlook. Selling the home before foreclosure often protects more equity and avoids both refinancing strain and the long-term impact of bankruptcy. A planned sale can:- Pay off the mortgage and arrears.
- Free you from pressure and collection calls.
- Leave money in your pocket if you have equity.
Questions to Ask Before Choosing
Before you choose between refinancing, bankruptcy, or selling, ask:- How much equity do I have in my home today?
- Can I realistically afford a refinanced payment?
- Is unsecured debt the main problem, or is the mortgage itself too heavy?
- What will each option do to my credit and stress level over the next five years?
How Mansour Real Estate Group Helps
We are not insolvency trustees or bankers, but we are experts in the value and sale of your largest asset. Our role is to:- Give you a clear picture of what your home is worth today.
- Help you understand how much equity you can protect.
- Support you if you decide that selling is the best path.
- Coordinate with your mortgage broker, trustee, and lawyer so the real estate piece is handled properly.
About Mansour Real Estate Group
The Mansour Real Estate Group, led by Mohamed Mansour, MBA and Associate Broker, is a top performing real estate team in the Fraser Valley. With more than 21 years of experience and over $750 million in completed sales, the group is trusted for divorce, estate, downsizing, and family related property transactions across Surrey, Langley, Delta, White Rock, and Abbotsford.Related Reads
HOME EVALUATION
Discover the true value of your home with our expert evaluation services.
Uncover the potential in your property and make informed decisions for your next real estate move.
GET IN TOUCH
Connect with Mansour Real Estate Group, where diverse real estate expertise meets your unique needs
OFFICE
Address 15595 24 Avenue, Surrey, BC, V4P 1H5
Based on 98 reviews
powered by Google
I have used Mohamed as my realtor to sell my previous home, buying my current home and now selling this home. Mohamed and his team have always been very professional, knowledgeable and very easy to work with. They took care of everything, I didn't have to worry about anything at all. They helped every step of the way. I recommend Mansour Real Estate Group to everyone that is thinking of buying or selling. Their level of service is top notch.
Mohammad Helped us purchase our first home. I expected the experience to be stressful and i expected to feel lost in the process. Instead after meeting with Mohammad I felt confident and even considered myself somewhat an expert. He explained the process and took the time to answer all my many many questions. Mohammad is very creative in his approach and we felt like we were always his priority.
Thank you Mohammad
Thank you Mohammad
This team really goes all out to make sure they get the property sold. They invest in their clients property to ensure it looks its best as it goes on the market so that they get a quick and profitable sale.
Mohamad and his team, Sonia and Jaspreet, have been amazing to work with. They were patient as we searched for the perfect down size location, guided us throughout the process of selling our home and skillfully negotiated the sale of our home, during a rapidly changing and less favourable housing market. This is a team worth investing in!!!
Mohamed and his team are a DREAM to work with. He represented me both as the buyer and the seller. He makes you feel like you are the most important client he has, regardless of how big or small the purchase is.
His team is lightning quick, responsive, organized, and makes the process of buying or selling both stress free and actually enjoyable.
Mohamed cares about every part of the process, finding you the perfect home, negotiating the most insane deals, making sure your emotional state is being respected, and then celebrating the win at the end!
He’s truly the BEST realtor and team out there!!
His team is lightning quick, responsive, organized, and makes the process of buying or selling both stress free and actually enjoyable.
Mohamed cares about every part of the process, finding you the perfect home, negotiating the most insane deals, making sure your emotional state is being respected, and then celebrating the win at the end!
He’s truly the BEST realtor and team out there!!
The most amazing realtors you'll ever work with! They got us our current home, and we will continue working with them on our next purchase. I also love how much they do for their clients. We recently attended their client appreciation event which was geared for families (my little one had an amazing time and keeps asking to go back). Thanks Sonia, Mo and Jaspreet! We can't wait to work with you again soon.
I was referred to Mansour Real Estate Group by my daughter and son in law. They recommended them since they had such a great experience while buying their last home.
Moving is certainly an exciting and stressful event
in someone's life.
Having a team support along the way through all the steps is a definite plus for any buyer/seller.
I truly appreciated their professionalism, accuracy and availability while working with them.
I recommend Mansour Group to all real estate seekers!
Nicole Desjardins-Wong
Moving is certainly an exciting and stressful event
in someone's life.
Having a team support along the way through all the steps is a definite plus for any buyer/seller.
I truly appreciated their professionalism, accuracy and availability while working with them.
I recommend Mansour Group to all real estate seekers!
Nicole Desjardins-Wong
We recently worked with Mohamed and his team to help us sell our investment property in Abbotsford. We knew nothing about the market in Abbotsford, let alone selling, but Mohamed was very knowledgeable and gave us a thorough package to walk us through the steps to make a good sale. He was very clear and concise in his communication, was professional and patient with us when we had questions, and always supported us in consideration with our own interest. He doesn't dilly dabble, and gets the job done! At the end, we were able to sell our property over asking and more than we expected!! Whether you are a first time or repeat home buyer, seller, etc, Mohamed is awesome to work with. We highly recommend him and his team. He will fight and represent you with his negotiating skills. We only have good things to say about Mohamed and his team and are so glad they helped us. Thanks Mohamed!
-
Mohamed Mansour Heather and Fred Testimonials Surrey, South Surrey, Langley and Abbotsford BC
-
Mohamed Mansour Client Testimonials Surrey, South Surrey, Langley and Abbotsford BC
-
Working With The Mansour Real Estate Group
-
Mohamed Mansour Joanne King Testimonials Surrey, South Surrey, Langley and Abbotsford BC