Have you fallen upon hard times, and you’re looking at the possibility of losing your home to foreclosure. Homeowner’s worst nightmare is foreclosure. The possibility of losing your home to the bank is very real, and it’s very normal to be scared.The first thing that you should know is that there is no need to start packing your bags right away. You should have a few months to negotiate some sort of a workable solution that will allow you to stay in your home and possibly make reduced payments.

1. Find Homes Below Market Value
ForeclosureSearch

2. Commercial Real Estate Edmonton
Edmonton is located in Alberta, which is the provincial capital and acts as the staging point for the
some world-leading oil and gas exploration, production and service companies which maintain large
operations here. Edmonton, Alberta is currently ranked as one of the top investment towns in Canada.
Edmonton has a thriving commercial real estate market, which has displayed resilience to global
economic challenges. The commercial property investors have recognized it as a buzzing hotspot,
and it enjoys some major advantages such as wide-open landscapes, real estate market benefits from
a high level of available land fewer geographic barriers. The city has great advantages with respect to
national and international trade, as it is located in the central region between BC and other Prairie
provinces, and provides a transportation link to Asia, US and Canada’s north.

3. The Advantages of Real Estate Investments
Different investment opportunities are always available anyone that has the right
financial banking. Investing in stocks and bonds could be one if you know the
stock market well. Finding the ideal broker to make your placements could be a
real challenge though. Going into retail business could be another option, but you
really have to know the “ins” and “outs” of the industry you are going to. These
could be a big gamble on your side. Historically, the real estate industry has
outperformed the stock market in terms of growth. This could be another window
of opportunity worth looking at. It is simple to understand because you just have
to buy when the market is down and prices are low. You can hold on to your
property or you can let go of it when the right opportunity comes or when prices
are already high.
The real estate business can
give you unique benefits like
price appreciation. In the
short term, the market may
go up or down, but over the
long term, you will have a
safe investment because
holding on to your property
will almost guarantee an
increase in value. Having a
large portfolio of properties is
a key secret to building
massive weatlth.

4. What Types Of Foreclosures Are There?
Foreclosures may be quite familiar with most real estate property owners
or investors but many still don’t know how they really work. Before you
invest your money into real estate, it is of outmost importance that you
understand the actual processes of foreclosure. A real estate investor is
no different from a new homebuyer when it comes into acquiring the full
understanding of the real estate industry which includes the foreclosure
process. This may not be difficult to understand because practically
almost all provinces adhere to similar basic foreclosure procedures.
● Judicial Foreclosure
● Non-Judicial Foreclosure
● Pre-Foreclosures
● Bank Auction Foreclosures
(at the auction)
● Bank Owned Foreclosures
(after the auction)
(before the auction)

5. Pre-Foreclosures
Pre-Foreclosures - the First Phase for Foreclosures
Bank-Owned Foreclosures vs Pre-Foreclosures
Bank-owned foreclosures are great for home buyers who want to save on their next
home purchase, they allow you to buy foreclosure homes AFTER they are
repossessed by the bank and listed with a realtor.
● With our listings at ForeclosureSearch.ca, you will find:
● Homes typically 23% below market value
● More property selection
● More property information
● Easy property access
● Viewing directly through an agent

6. Court Auction For Homes
Court Auction For Homes - the Secondary Phase for Foreclosures
A foreclosure is plainly understood as the legal process
that is instituted by the lender in a mortgage loan after a
borrower’s default or failure to pay. The end of the pre-
foreclosure phase of the property is signaled after a
homeowner has failed to get back up to date with their
mortgage payments and the bank takes legal possession
of the property. Then, the next stage follows in the form of
a court auction. The Lender hopes to quickly recover
his/her capital by selling to the highest bidder in this court
auctionIf a sale is made, proceeds will be disbursed
accordingly to: the lender holding the first mortgage; the second and third mortgage-holders if
any, and then the homeowner should there be any remaining amount from the sale made less
his other remaining obligations such as charges and claims against the property.
How to Bid : Bidders approach auctioneer one at a time with cashier’s check or cash on hand
and bidding over a previously recorded amount is not possible unless you have an additional
check or cash to show. One’s capacity and limitation to bid will be determined by the auctioneer
in accordance to your check or cash proof. Remember that before the opening bid the trustees
reads all legal description and terms of sale for the property so you will have a technical idea of
what you’re bidding on.

7. Bank Foreclosures
Home Repossession By Banks and Bank-Owned Foreclosure Properties
Foreclosures happen when a person violates the
mortgage terms of a mortgaged property with a
lending institution or a bank. The most common
reason is the lack of ability to make regular payments
for the mortgage. The mortgagor or bank can then
redeem the mortgaged property. When it is
foreclosed, it is then auctioned off but if there are no
bidders, it will be regarded as a bank owned
foreclosure property. The bank will then be the legal
property owner and, since banks are not into the real
estate business, it will be considered a non-
performing asset for the bank.
The bank being in the business of lending money and and NOT in managing real estate they
would want to get back the capital they lent by selling this particular property at the earliest time
possible. This would create great opportunities for prospective investors acquiring properties at a
discounted price. The property may be sold for a fraction of its original price. Demand for housing
grows relative to population growth, therefore, real estate can be a reliable and tangible form of
investment.

8. Tax Sales
The Difference between Tax Deed Sale and Tax Lien Sale
In a tax deed sale, the tax collection agency may
enforce the sale of the property of the delinquent
homeowner for the purpose of having the taxes
paid out of the income from the sales. The property
is subjected to a public auction in which the lowest
bid should not be less than the amount taxes owed
including interest and the expenses incurred in
selling it. Provinces that implement tax deed sales
are usually compelled not to hold an auction for a
grace period of several years. But when such
period expires and the sale is completed through
an auction, the homeowner can no longer have his
or her property back.
A tax lien sale, on the other hand, does not require the property to be disposed at an auction.
Instead, the right to collect the taxes as well as the interest is sold to interested entities.
Therefore, it is no longer the tax collection agency that would run after the tax-delinquent
homeowner but the private entity which was able to buy the tax lien. This tax lien buyer can
actually extract more profits from this arrangement because it can impose interests to the
property owner. Although, this entity has to pay the tax collection agency with the amount usually
equal to the property owner’s unpaid taxes, it can actually recover early and increase its profit
margin through interest rates. The lien’s purchaser loses nothing if the homeowner fails to repay
because it can just decide to foreclose the property. In this regard, investing in a tax lien sale is
certainly a win-win situation.

9. For Sale By Owner
FSBO Properties (For Sale By Owner)
Here we will talk about For-Sale-By-Owner or FSBO
properties. For this type of property, the seller acts as an
agent and handles the sales process directly with the
buyer or the buyer’s agent. In an FSBO transaction, the
seller does not pay any listing commission for his
property.About 10-15% of the national residential real
estate market is composed of FSBO properties.
Homeowners sell their properties by themselves in order
to eliminate the sales commissions charged by most real
estate agents. Selling a property without going through an
agent saves the homeowner about 3-6% of the
transaction price.
Although selling a home without an agent can save a lot of money, there are also some risks. But
those risks pave the way for you. This is because while a lot of FSBO sellers are able to
accurately assess the value of their property, there are still some who has no idea of their
property’s true value. So if you are patient enough to sift through FSBO listings, you will be able
to find an under-priced property.FSBO home sellers are also unable to reach to a wide audience,
and that is where you come in. They will be unable to include their home listing in the Multiple
Listing System (MLS), which gives their home a worldwide exposure to potential buyers. Unless
a homeowner uses an agent, a property will be less likely to reach all prospective homebuyers in
the market. And as a result, the price of the property is unlikely to reach its maximum selling
price.

10. Property Mortgage and Financing
How To Get Financing For Your Property
Whether you are buying a new home or is investing in a property, having the right financing
strategy is important. In this chapter, we will share with the basics of the financing process as well
the conventional financing methods in real estate.
Here are some points to remember:
● If you are buying an investment property, usually you will need to have a bigger down payment
and assume a higher interest rate. This is because the bank sees the property at a higher risk,
so they charge bigger. But when a property is owner-occupied, the bank will find it much easier
to check for the owner’s credit and history and income. As a result, the bank will give the owner
more “friendly” financing terms.
● Having a good idea as to how long you will own a property is helpful in selecting the type of loan
that you will need. So make sure that you know exactly from and until when you will own the
property.
● If you do not have perfect credit or have a little amount for down payment, government loans
can be a huge help. There are housing loans that allow down payments as low as 3% of the
entire property cost.
● If you are buying a home that is a fixer-upper, then there are a lot of great loans available.
However, you need to be very careful in finding a loan.

11. Creative Real Estate Financing
5 Creative Ways For Financing Your Home Purchase
Traditional financing is sufficient in most cases,
however, if you are having difficulty getting a traditional
mortgage from a bank, unconventional or "creative"
financing may allow you to purchase (or control) homes
which you did not think you could. You could buy homes
sometimes without money out of your pocket or without
having good credit. Here are a handful of creative
financing strategies:
● Home Equity Financing
● Hard Money Lending
● Lease Option (Option To Purchase With Rental
Agreement)
● Share Equity
● Partner With Investors Who Have Money Or Credit Or
Both

12. C0NTACT US
www.foreclosuresearch.caVisit Us :
Address : 867 - 10405 Jasper Avenue Northwest,
Edmonton, AB T5J 3S2