SOME FORECLOSURE PROPERTIES IDENTIFIED APRIL 8, 2010:
164,500.00 2-Storey 3 2 174,900.00 Apartment 2 2 285,500.00 Bungalow 3+2 3 Bobcaygeon 249,900.00 2-Storey 2+1 3 Bowmanville 239,900.00 2-Storey 3+1 3 159,900.00 2-Storey 3 1 279,900.00 2-Storey 4 4 352,000.00 2-Storey 3+1 4 407,900.00 Backsplit 4 3+1 3 424,845.00 2-Storey 4 4 253,900.00 2-Storey 3 2 319,900.00 2-Storey 4 3 379,900.00 Bungalow 3+1 2 428,900.00 2-Storey 3 4 1,395,000.00 Bungaloft 3+1 6 435,900.00 2-Storey 4 3 479,900.00 Bungalow 3+1 2 749,900.00 2-Storey 4+1 5 374,900.00 2-Storey 4 3 179,900.00 Apartment 3 2 269,900.00 Stacked Townhse 3 2 349,000.00 Apartment 2 2 349,900.00 Bungalow 3+1 2 349,900.00 2-Storey 2 1 349,900.00 Bungalow 2+1 2 399,000.00 Bungalow 3 2 448,000.00 Apartment 2 2 459,900.00 Bungalow 2+2 2 659,000.00 2-Storey 3 2 2,900,000.00 3-Storey 3 4 Uxbridge 129,900.00 2-Storey 2 1 284,900.00 2-Storey 3 3
To receive more information on the above and other properties in Ontario, select here.
Foreclosure / Power of Sale - What does this mean?
Distress
Foreclosure is the legal and professional proceeding in which a mortgagee, or other lienholder,
usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lienholders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue HOA dues or assessments.
The foreclosure process as applied to residential mortgage loans is a bank or other secured
If you would like to receive reports on Power of Sale properties in your area, kindly select here and complete the form. There are currently approximately 324 Foreclosure properties in Ontario (as on February 6, 2010).
The following are some of the financial lenders involved in the mortgage business:
Bank of Montreal, Bank of America, ING, TD, FirstLine, CIBC, HSBC, Laurentian, MCAP, Scotia, BNS, First, Royal, RBC, Maple Trust, etc.
When you provide me the authorization to locate and send you listings of genuine Power of
o Genuine power of sale properties
o Listed on the official MLS system
o Not known or identified by most realtors
o Available for you to purchase quickly before the foreclosure properties are sold.






