Bank Owned Foreclosures from all Calgary Banks including Royal Bank, TD Bank, BMO Bank, CIBC Bank, Scotia Bank and CMHC.  Houses, Townhouses, Condos, Land, Distress Properties, Handyman Homes and Move In Ready Homes.

Calgary Bank Owned Home Foreclosures For Sale Today

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Data was last updated September 27, 2021 at 06:05 PM (UTC)

Foreclosures, Bank Owned Homes, Court Ordered Judicial Sales, Distressed Homes, Handyman Homes

Calgary Foreclosure Real Estate and Homes For Sale. In a city the size of Calgary there is a steady supply of foreclosures for sale. People stop paying the mortgage for many different reasons. When that happens the banks and courts take over. Most times the homes are in great condition and are sold for close to fair market value. Sometimes the homes are in really rough shape and require a lot of repairs. Foreclosed homes in Calgary range in price from under $100,000 to many millions. Buying a Calgary Foreclosure is no sure thing bargain. If buying foreclosures was a sure thing bargain, there would be no foreclosures for sale. As a Foreclosure Buyer you still need to do your research and know what the deal and risks are. Contact Us For More Information about Foreclosures in Calgary.

Foreclosure Calgary Quick Links

Under 500K Over 500k  -  Bank Owned  -  Court Ordered  -  Airdrie Okotoks

About Calgary Foreclosures

  • Courts try to protect any remaining equity a homeowner has left in the property.

  • The banks are required by law to mitigate the homeowners' losses.

  • Foreclosures are Sold "As Is Where Is" on the day of possession

  • No Real Property Reports or Condo Docs supplied by foreclosure sellers

  • Most Foreclosures sell at market value for the condition they are in

  • Foreclosures offer Sweat Equity opportunities and fix n flip opportunities.

  • Foreclosures represent a small percentage of Calgary home sales.

  • Any real good deals that come up are bought quickly to prepared foreclosure buyers who watch the market daily.

More Deals To Be Found

Vacant Listings, Probate Listings, Tenant Occupied, Too Many Days Listed

How To Buy A Foreclosure

Offer To Purchase Basics






 Conditions No Yes





 Sold "As Is" Yes Yes
 Appliances  Maybe Maybe



 Sale Price
 to List Price



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