*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.
Is It Possible to Sell My Home Before Foreclosure in BC?
December 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.
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.
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.
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.
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.
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
How Long Do I Have Before the Lender Forecloses in BC?
December 04, 2025
How Long Do I Have Before the Lender Forecloses in BC?
Homeowners often sense trouble before foreclosure formally starts. Missed payments, phone calls from the lender, and growing arrears create pressure. Still, most people are unclear on the real timeline. In British Columbia, foreclosure is not instant. It moves through stages, and each stage gives you opportunities to act and protect your equity. If you own a home in Surrey, Langley, Delta, White Rock, Abbotsford, or anywhere across the Fraser Valley, here is what the timeline usually looks like and what you can expect.The Short Answer
Most homeowners have several weeks to several months before a lender completes a foreclosure. The exact timing depends on:- How quickly you respond to the lender.
- How much is owed.
- How cooperative you are.
- How aggressive the lender chooses to be.
Stage 1. Missed Payments (Weeks 1 to 4)
A single missed payment usually does not lead to immediate action. Most lenders wait until two payments are missed before they escalate the file. During this period:- Late fees are added.
- Letters and calls begin.
- Your credit may be affected.
Stage 2. Demand Letter (Weeks 4 to 8)
If arrears continue, the lender sends a demand letter. This letter gives you a short deadline to pay the outstanding amounts. Deadlines usually range from one to two weeks. If the arrears are not paid, the lender can start legal action.Stage 3. Petition for Foreclosure (Weeks 8 to 12)
If the demand letter deadline passes, the lender files a Petition for Foreclosure in the BC Supreme Court. This is the official start of foreclosure. You are served with the petition, and the court process begins. Even now, you still have time to:- Refinance.
- Sell voluntarily.
- Pay the arrears.
Stage 4. Redemption Period (1 to 6 months)
Courts in BC often allow a redemption period. During this time, the owner can:- Pay the mortgage back into good standing.
- Negotiate with the lender.
- Refinance through another lender.
- Sell the home before the court controls the sale.
Stage 5. Order for Conduct of Sale
If the arrears remain unpaid, the lender may ask the court for an Order for Conduct of Sale. Once granted:- The home is listed for sale.
- The sale is supervised by the court.
- You lose control over pricing and timing.
Stage 6. Court-Approved Sale
The property is sold through a court approval process. Offers are reviewed by the judge, and the best offer is approved. Completion usually happens within 30 to 60 days.Total Timeline Overview
Most BC foreclosure timelines look like this:- 1 to 2 months: Missed payments and demand letter.
- 2 to 3 months: Petition filed and served.
- 3 to 6 months: Redemption period.
- 6+ months: Court-ordered sale and completion.
How to Use This Time Wisely
You can stop or slow foreclosure at several points. The strongest actions include:- Opening communication with the lender early.
- Reviewing your home’s value and equity immediately.
- Exploring refinancing options before the petition is filed.
- Selling voluntarily while you still control the process.
How Mansour Real Estate Group Helps
We help homeowners understand their timeline and act before foreclosure removes their choices. Our team will:- Assess your home’s value with accuracy.
- Build a plan based on your equity and deadlines.
- Coordinate with mortgage brokers, lawyers, and lenders.
- List and sell strategically if that is the best financial outcome.
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
What Happens If I Default on My Mortgage in BC?
December 03, 2025
What Happens If I Default on My Mortgage in BC?
Defaulting on a mortgage is stressful, but it does not mean you immediately lose your home. In British Columbia, the process moves in stages. Knowing what happens at each stage helps you stay ahead of the situation and make decisions that protect your equity. If you live in Surrey, Langley, Delta, White Rock, Abbotsford, or anywhere in the Fraser Valley, this guide explains the steps you can expect after a default and how to regain control.What It Means to Be in Default
A mortgage default happens when you break the terms of your mortgage agreement. The most common reason is missed payments, but default can also occur when:- You fall behind on property taxes.
- You let home insurance lapse.
- You break other terms of the mortgage contract.
1. Missed Payments and Added Fees
The first sign of trouble is a missed payment. Most lenders allow a short grace period, but once payments remain overdue, they begin adding:- Late fees.
- Interest on arrears.
- Administrative charges.
2. Demand Letter
A demand letter is the lender’s formal warning that the mortgage is in default. It tells you:- The amount you must pay to restore the mortgage.
- The timeline to make that payment.
- The consequences if you do not comply.
3. Petition for Foreclosure
If the demand letter deadline passes, the lender can file a Petition for Foreclosure in the BC Supreme Court. This starts the legal process. You will be served with the petition, which outlines:- The amount owed.
- The payment history.
- The lender’s intention to foreclose.
4. Redemption Period
In many cases, the court allows a redemption period. During this time, you can:- Pay the arrears.
- Refinance the mortgage.
- Sell the home voluntarily.
5. Order for Conduct of Sale
If the arrears remain unpaid, the lender can ask the court for an Order for Conduct of Sale. This gives the lender, or another party, authority to list the home for sale under court supervision. The home is then:- Listed on MLS.
- Shown to buyers.
- Sold through a court approval process.
6. Court-Approved Offer
Offers are presented to the court for approval. Competing buyers may submit sealed bids on the court date. The judge approves the best offer, and the sale moves ahead.7. Distribution of Sale Proceeds
After the home sells, the proceeds are used to pay:- Property taxes.
- The mortgage balance and lender’s legal fees.
- Any other registered creditors.
- Remaining equity to the homeowner.
Can You Stop a Default From Becoming a Foreclosure?
Yes. Many homeowners stop foreclosure before it begins through:- Open communication with the lender.
- Refinancing with another lender.
- A voluntary sale before court involvement.
How Mansour Real Estate Group Helps
A mortgage default is a financial emergency, but it is also a solvable one. Our team helps you:- Understand your home’s true value.
- Determine whether refinancing or selling is the better path.
- Coordinate with mortgage brokers, lawyers, and lenders.
- Sell strategically if needed to protect your equity.
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