Important Information for Real Estate Foreclosures
The following is a summary of information and requirements that applies to those regarding the purchase of a bank foreclosed property in Canada.
If you are a person looking to purchase a foreclosed home, also know as a foreclosure, this applies to you. This includes those who are a real estate broker, a real estate sales representative, a real estate developer or a real estate investor.
To get access to a list of foreclosed homes your Province, a compiled list can be found at the following resource:
Click Here For Foreclosure Listings >>
Currently, the above website contains the most recent foreclosures throughout the following Provinces: Alberta, British Columbia, Ontario, Manitoba, Saskatchewan and Nova Scotia.
Foreclosure properties can be searched for by various criteria such as city, price, number of bedrooms and bathrooms and so on.
The process for purchasing a bank foreclosed property varies from province to province and all cases filed against the defendants of each foreclosure is of public record and can be found at your local court house.
Similarly, all cases filed against defendants of pre-foreclosures, tax sales, estate sales and probate sales is of public record and can be found at your local court house.
To get access to a list of pre-foreclosures, tax sales, estate sales and probate sales in your Province, a compiled list for each Province can be found on the following directory.
All foreclosures as well as other types of distressed property sales must go through the legal transfer process as it is with any other type of real estate transaction in your Province.
All transactions of this type are expected to occur in a timely manner and both parties are responsible for completing the appropriate documentation as is with any other type of sales of Real Estate.
*Bank Foreclosure Listings
*Creative Financing For Canadians