to find them.
Because I have access to MLS (Multiple Listing Service) , I can help locate properties, as well. In addition to my own MLS, I can look through others in the area, which helps to expand your search.
Foreclosures
In order to purchase these properties, investors must go through auctions. If they’re the highest bidder, they have to pay the full amount at that time. They will then get the trustee’s deed once the sale is complete. Foreclosed properties’ prices are determined differently from other properties. Instead of using what the home is worth, the starting bid includes the following:
• How much is still unpaid on the loan • Interest owed from attorney’s fees • Any costs stemming from the foreclosure process
Sometimes, properties don’t even get that starting bid. When this happens, it becomes bank-owned, or Real Estate Owned (REO) property. The loan lender owns the home and will use a real estate agent to try to get it sold. One thing to note is that these properties are sold as-is, so if you’re looking to buy one, that’s something to keep in mind. There are several ways to find foreclosure properties in Canada. Here are some options: 1. Contact a real estate agent: One way to find foreclosure properties is to work with a real estate agent who specializes in distressed properties. These agents can
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