M Missed Mortgage Payments

How much will you walk away with?

Enter your mortgage numbers. See what you'd net under three exit scenarios — foreclosure sale, private sale, or refinance. Runs in your browser. Nothing saved. No signup required.

Your numbers

Estimates are fine. Refine as you go — the results update as you type.

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Your exit scenarios

Cash to you at close, under three different paths. Green = best, red = worst outcome.

Scenario 1: Foreclosure runs its course

Bank sells the property at auction or under court order. Sale price often 15-25% below market. Lender legal fees plus deficiency (if any) come out. Credit destroyed for 6-7 years.

Scenario 2: Private sale (to investor / wholesaler)

Sell to a private buyer for cash at 85-90% of market value. Close in 7-30 days. No agent commission. Credit stays intact. Faster than listing.

Scenario 3: Refinance and stay in the home

Refinance with a new B-tier or private lender. You keep the home. Rate is higher (usually 8-11% for distressed refis) but you avoid the sale altogether. Feasibility depends on equity + income.

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Note: These figures are estimates for orientation. Every situation is unique. Real numbers depend on your specific market, condition of the property, lender behaviour, and legal costs. Use this as a starting point, not a final answer. For your exact situation, talk to a real estate lawyer in your province, or reach out to us for a free 15-minute conversation.
Who we are: Missed Mortgage Payments is operated by a Canadian private real estate investor. Not a lender, lawyer, or government agency. Any transaction is a private commercial contract. Consult your own real estate lawyer before signing anything.