Calgary Foreclosures For Sale

The process of buying a foreclosure in Calgary is much different that other parts of Canada. In the province of Alberta, there are 2 different types of judgements including bank owned or Queens court bench Listings. Which we can explain here to you.

A foreclosure is a judgement enforcing a debt that has not been paid. Often the bank will allow a property to be listed to recover this outstanding debt. Single family homes, townhomes and condos can sometimes be classified as judicial sales. Many listed properties in Calgary will not provide accuracy in all the details, for example the home would need to be purchased on an - as is - where is basis - without representation or warranties. What this means is that the purchaser is responsible to verify their own information and perform their own diligence. This could be in the form of an inspection, condo document review, sales history on the home, size or even independent evaluation of comparable homes in the area.

If you are looking to buy a foreclosure and wonder what the process looks like, please contact us for further help. We have lots of experience in this niche and would be happy to guide you thru the acquisition process.

 

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Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.

Listing information last updated on May 23rd, 2017 at 3:15pm CDT.