How to Purchase a Foreclosed Home in Canada?

Question

Can I see "listings" of foreclosed homes?

Answer 1

You should look into buying probate. The forclosure market it really tight and most of the times, the banks or real estate companys buy them so they can flip the property.

I couldn't respond to your PM because yahoo says your e-mail address is not confirmed, here is my response to your question:

I don't personally know a whole lot about it, but it involves going to your local courthouse and finding out what properties are available for probate (basically people who have inherited property and can't afford to fix-up or keep). They are very "motivated sellers". You contact them, make them an offer and you can usually negotiate for other items inside the home, such as a vehicle, furniture, etc. Ideally you buy these homes for much less than market price. There are several books available on how to do it, and it is not too difficult. The most difficult part is going to the courthouse for the probate property list. Poke around on the internet for probate how-to-kits, see if there are ones catered to Canada (don't pay more than $100 for one!!!). Laws and protocol vary by area.

Most of the time for forclosures you have to pay for the forclosure property list, have the financing for the home already available and attend an auction for the forclosed home and hopefully you beat out the Real Estate Agents and Banks to winning the home.

Good luck!

Answer 2

You do comprehend it quite is the worst time in a pair of decade to sell properties, precise? I have not have been given any concept what you regarded up on the courthouse. it style of sounds such as you do now no longer the two! consistent with danger you and your father ought to alter into fairly extra conscious of this project till finally now sinking you cash into it. besides, the draw close in fairness is the decide on who revenues foreclosures on the courthouse. Many have their very very own internet pages the situation you could lookup destiny revenues information. Up till finally the date of the sale the people can nonetheless paintings out preparations with the financial employer employer and a superb variety of nonetheless stay of their properties till finally after the sale at an identical time as the sheriff shows up on their doorstep. you could talk with a realtor or look for MLS listings on line to locate low-cost foreclosed properties (you're in a position to look for with the help of those and hassle-free revenues in spite of the fact that) or pay one in each of those web pages to locate foreclosures, which i does now no longer do. Google HUD properties or REO properties to locate government and economic employer employer owned properties. you're in a position to need a decision abstractor to look for the call to be certain if the homes have liens or decrease back taxes. you should do it your self in case you had some experience to paintings out in case you prefer to purchase the abode yet you're in a position to need the call insured at basically precise besides, meaning an insured professional will ought to do it indoors the best.

Answer 3

Your best resource for this is a Realtor in the area your considering,they have access to all of these properties.

Answer 4

http://www.unclaimedhouses.com