FORECLOSURE The process by which a bank, or other party that has interest in a property, transfers the title of real property used as security for a debt as a means of paying off the debt by the involuntary sale of the property.
Finding a great deal is always great. Foreclosed homes and homes that are court ordered sales is one way to find real estate at prices that are normally out of your price range. However, it always a good idea to know exactly what is involved and find out everything you can about the property up for sale. Just because it's a great deal doesn't always mean it's the right house for you. For more information about foreclosures in British Columbia, mortgages, and other real estate information, please take a look at some of the helpful links we've included.
Finding a great deal is always great. Foreclosed homes and homes that are court ordered sales is one way to find real estate at prices that are normally out of your price range. However, it always a good idea to know exactly what is involved and find out everything you can about the property up for sale. Just because it's a great deal doesn't always mean it's the right house for you. For more information about foreclosures in British Columbia, mortgages, and other real estate information, please take a look at some of the helpful links we've included.