Calgary Foreclosures
While searching through some foreclosure and FSBO (For Sale By Owner) listings at the best foreclosure government auction site a few days ago, I was amazed at the consistency of how low some of the prices on houses and properties are. Some banks will accept offers for a certain period of time, after which they’ll choose the highest bidder. The keywords to finding short sales in home listing are “offers subject to bank approval”. Homes for sale at auction. A bitter homeowner may go so far as to purposely cause damage to the property, either out of spite for the lender or to decrease the lender’s revenue from the sale.
Most local real estate offices offer foreclosure lists as well. Buyers and investors use this information to find foreclosed homes for sale in their desired area. By doing so, the value of the house is decided and the bank call …