Here are all the Calgary Foreclosures currently listed with the Calgary Real Estate Board's MLS System.
It includes all properties owned by banks, mortgage companies and private lenders who have completed the foreclosure process and taken legal title to the properties.
Also in this list are Court Ordered Sales. Court Ordered Sales happen in the space between a homeowner defaulting on a mortgage and the bank getting legal title.
Did you know that when you buy a foreclosure in Calgary you are buying it "As Is, Where Is" on the day you get possession?
This presents a risk if you feel the current occupants will trash the place before you get the keys.
Did you know that the sellers of foreclosures will not give you a Real Property Report?
A Real Property Report is a drawing by a survey company that outlines the property boundaries, any structures on the parcel of land along with any problems with encroachments and easements. Very important to have.
These are just two issues that buyers of foreclosures can face. For more answers to your questions contact us anytime.