Foreclosures – Fair or unfair?

Foreclosure is a stressful event for all people involved…

Potential buyers expect a “great deal” whereas the reality is that the banks must (as per law) sell the property at a fair market price…even if it might not always appear to bs the case…

The following article from Moneyville discusses foreclosures:

Why home foreclosures are often unfair*

Happy Home Hunting !!!

*source: article by Mark Weisleder (Fri Dec 10 2010) on http://www.moneyville.ca
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Housing Market Correction and Foreclosures

The historically low interest rates brought Buyers to market last year looking for “great deals” in the housing market…“Great deals” hunters led to bidding wars due to low inventory of homes…The home prices rose higher and higher with each passing day…

Now many analysts agree that the Canadian housing market is due for a correction fuelled by rising interest rates….What does that mean to homeowners?  There could be loss in home value but strict lending rules by Canadian lenders should spare us from what transpired in the U.S. last year (which still continues)…Most homeowners seem to be on solid footing to continue making the mortgage payments leading to less possibility of defaults.

Read Boyd Erman’s article in The Globe and Mail highlighting the report by DBRS Ltd

Happy Home Hunting…

Power of Sale – Brampton (SOLD April 08/09)

GRRRRREAT Power of Sale opportunity….

Bedrooms: 3
Bathrooms: 3
Kitchen: 1
Air Cond: Yes
Fireplace: Yes
– Gorgeous DETACHED home in great area
– Close to schools, shopping plazas, major highways

Call Raj for a personal viewing…

Update: April 08/09
– 16 offers registered on this house
– Property sold for $16,000 above list price…

Power of Sale – Brampton

Busy Busy Busy day today…
Synergy advert (Page 14) came out over the weekend…
11 calls for a Power of Sale listings in Brampton which Sold Conditional 2 days ago…
Whoever said houses aren’t selling!!!

Power of Sale deals

Busy Busy Busy day today…
Synergy advert (Page 14) came out over the weekend…
11 calls for a Power of Sale listings in Brampton which Sold Conditional 2 days ago for above asking price…
Whoever said houses aren’t selling!!!