I bought my second condo here in Alberta as a foreclosure. Agent explained it all. Property was vacant so no issues there. Turned out in such good shape I moved in and rented out my previous one. bought”as is” so had to do a lot of research. Used inspector and spent a week going over condo docs. Very good experience and agent made sure understood the entire process. The seller was a bank.
Hey! As a hopeful "junior investor" myself, I want to thank you for your helpful videos. I've lost out on a couple court ordered foreclosures in the last year, and I'm trying to walk the tightrope between continuing down this potential fools errand of trying to find a hoarder/foreclosed project and just jumping into something guaranteed/unsold for months.
I was in one of the tax sale properties and an employee did mention that in the entire history of tax sale only one property owner was able to get property back.. and prices were at least 20-30% less than the assessment price. Pretty sure no doubts w.r.t to risks associated with it, but depends on lot of factors though ! Thanks so much for making this. Appreciate it.
Hi, So I do not really understand. If I submit an offer. And someone puts in a higher bid, I cannot go to court and put in a higher offer then theirs? Thank you
I know how to locate foreclosed houses but what about the ones with accepted offers already in court? is there a court listings somewhere, online?. Thanks
Thanks for your informative video. I'm looking at a situation where the court order sale is in place. I haven't submitted an offer yet. I still need a clarification. The home is EXTREMELY FULL of the occupant's ( a hoarder) belongings. A lot of the hoarded stuff in the unit has a reasonable value, but it would take a long time to remove & deal with it. Question - does "As Is" actually mean the contents of the home 'ARE' or 'ARE NOT' included in the sale ? Also, what kind of time frame is typical to organize a vacant possession done ?
how to find these forclouser , is there a website to find them or I have to ask a realtor to search for them I just wanted not waist anyone's time and see if any thing worth to see, I am in Vancouver BC.
I bought my second condo here in Alberta as a foreclosure. Agent explained it all. Property was vacant so no issues there. Turned out in such good shape I moved in and rented out my previous one. bought”as is” so had to do a lot of research. Used inspector and spent a week going over condo docs. Very good experience and agent made sure understood the entire process. The seller was a bank.
Thanks for sharing! Condos in Alberta sound like a deal!
Did you applied for loan?
@@ahamedularefin9426 yes all went well
How long we get court date after accepting offer ??
@pilotgirl5953 hey I would love to chat with you about your experience.
Hey! As a hopeful "junior investor" myself, I want to thank you for your helpful videos. I've lost out on a couple court ordered foreclosures in the last year, and I'm trying to walk the tightrope between continuing down this potential fools errand of trying to find a hoarder/foreclosed project and just jumping into something guaranteed/unsold for months.
Good luck. I wouldn't ever touch a foreclosure myself even as a not so junior investor.
I was in one of the tax sale properties and an employee did mention that in the entire history of tax sale only one property owner was able to get property back.. and prices were at least 20-30% less than the assessment price. Pretty sure no doubts w.r.t to risks associated with it, but depends on lot of factors though !
Thanks so much for making this. Appreciate it.
I have been selling for almost 3 years and your videos are freakign awesome so thank you for you!!! Sincerely Dp in Kamloops
Thanks for watching!
Hi, So I do not really understand. If I submit an offer. And someone puts in a higher bid, I cannot go to court and put in a higher offer then theirs? Thank you
Thanks for sharing, I'm working on one of these right now
I know how to locate foreclosed houses but what about the ones with accepted offers already in court? is there a court listings somewhere, online?. Thanks
Ask your agent.
@@SteveKarrasch I don't have one. Do you not know?
Thanks for your informative video. I'm looking at a situation where the court order sale is in place. I haven't submitted an offer yet. I still need a clarification. The home is EXTREMELY FULL of the occupant's ( a hoarder) belongings. A lot of the hoarded stuff in the unit has a reasonable value, but it would take a long time to remove & deal with it.
Question - does "As Is" actually mean the contents of the home 'ARE' or 'ARE NOT' included in the sale ? Also, what kind of time frame is typical to organize a vacant possession done ?
It means, the day you open the door (on possession), you get what you get. Maybe they moved out with their stuff, maybe not.
@@SteveKarrasch thank you
how to find these forclouser , is there a website to find them or I have to ask a realtor to search for them I just wanted not waist anyone's time and see if any thing worth to see, I am in Vancouver BC.
This is a big secret….except for the ones you see online on mls etc with a schedule a notice….careful, mold and water damage would be horrible.
can a judge stop a foreclousre if the judge thinks its too low?
Yes.
@@SteveKarrasch well if that is the case then the law should force the judge to buy the property himself if he believes it is worth more.
Do Bank finance for auction sells? or I have to pay in full cash?
No auctions in my area, so I can't comment.
thanks in advance