Are you awake at 3am watching the infomercials about planning your retirement or how you can get rich from foreclosed homes?? You are not alone.
A major misleading fact about foreclosures: Everyone thinks they go for "way below market value" but this isn't always the case; not in Canada anyway. This is a good thing, it would screw our market and bring down property values. Yes, there are those that go for a good/great price, just as re-sale and private homes can be purchased for a great deal. Every situation is different, it all depends on motivation.
The Truth About Foreclosures
When I have clients asking for "a list of foreclosures" my first question is WHY FORECLOSURES? The usual response is, "because I want a great deal". My advise, work with…