Foreclosed homes listing in Canada
I am wondering if there is a website where I can look at foreclosed home listings in Canada. Somewhere similar to the mls (www.mls.ca/) listing.
Aug 24th, 2010 12:23 pm
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My best friend got a foreclosure that was a disaster. 5 bedroom house that needed renovations from top to bottom. After getting it, sinking in $60k in renos, he had a chance to sell it this summer for $80k more.rocking23nf wrote: ↑Aug 24th, 2010 12:31 pmmy wife does foreclosers. She said its very rare for the bank to drop the price below market value, or to accept an offer below asking price.
Also alot of times they are sold "as is"
Aug 24th, 2010 12:52 pm
80k after spending 60k? or 140k profit?boyoflondon wrote: ↑Aug 24th, 2010 12:47 pmMy best friend got a foreclosure that was a disaster. 5 bedroom house that needed renovations from top to bottom. After getting it, sinking in $60k in renos, he had a chance to sell it this summer for $80k more.
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That is more of a market thing than the actual property. The market in BC went up pretty good over the last couple of years.boyoflondon wrote: ↑Aug 24th, 2010 12:56 pmBought it for 225k in Oct 2008, spent 60k over 6 months it took us to finish everything and had an offer for $369k this May.
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