Is It Possible to Sell My Home Before Foreclosure in BC?
Is It Possible to Sell My Home Before Foreclosure in BC?
Dec
05, 2025
Is It Possible to Sell My Home Before Foreclosure in BC?
Yes. In British Columbia, most homeowners can sell their home before foreclosure. In fact, selling early is often the best way to protect your equity, avoid court involvement, and keep control over the timeline. The key is to act before the process moves too far.
If you live in Surrey, Langley, Delta, White Rock, Abbotsford, or the broader Fraser Valley, here is what you need to know.
When You Can Still Sell
You can sell your home at almost any stage before the court approves a final offer in a foreclosure proceeding. This means you can usually sell:
After the first missed payments.
After receiving a demand letter.
After a Petition for Foreclosure is filed.
During the redemption period.
Once the court grants an Order for Conduct of Sale and accepts an offer, it becomes harder to sell on your own, but opportunities may still exist depending on the case.
Why Selling Early Protects You
A voluntary sale gives you:
Full control over pricing.
Better exposure to the market.
More time to prepare your next move.
A stronger chance of preserving equity.
A court-ordered sale limits your control and is focused on satisfying debt, not maximizing your outcome.
How the Process Works if You Want to Sell
Selling before foreclosure is similar to a normal sale, but with tighter timelines.
1. Confirm Your Equity
Start by determining what your home is worth. Many owners underestimate their equity, especially in fast-changing markets. A clear valuation shows whether selling is the right financial move.
2. Review How Much You Owe
Before listing, gather updated information from your lender. You will want:
The outstanding mortgage balance.
Any arrears.
Legal fees added so far.
Property tax amounts, if unpaid.
This helps you understand what needs to be paid out on completion.
3. Choose a Realtor Familiar With Distressed Sales
Selling while behind on payments requires experience with:
Lender communication.
Court timelines.
Fast but strategic listing preparation.
Protecting your equity under pressure.
This is not the moment for trial and error.
4. List the Home Immediately
The sooner your home hits the market, the more buyers you reach. More buyers usually means a stronger final price and a better financial outcome.
5. Inform Your Lender That You Are Selling
Lenders often pause legal escalation when a home is listed at a realistic price with an experienced team. Good communication can buy time and keep the process stable.
6. Complete the Sale and Pay Out the Mortgage
Once the sale completes, the mortgage, arrears, fees, and taxes are paid from the proceeds. Any remaining equity goes to you.
Most owners still keep a substantial amount of equity even after dealing with arrears.
What If the Lender Has Already Filed a Petition?
You can still sell. The court prefers owners to resolve matters voluntarily. A properly priced listing with active marketing often leads to a smoother outcome than a court-driven sale.
What If the Lender Gets Conduct of Sale?
It becomes harder, but not impossible. If your offer is better than what is expected in court, there may still be a path. Timing and coordination matter more at this point.
How Mansour Real Estate Group Helps
We help homeowners sell before foreclosure by:
Assessing your home’s value with accuracy.
Creating a fast but effective marketing strategy.
Coordinating deadlines with lenders and lawyers.
Protecting your equity through structured decision making.
A voluntary sale lets you move forward with stability instead of being pushed by the court process.
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.
