Foreclosures

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Foreclosures or Court Ordered Sales are properties where the lender has taken control of the property and is asking the court to approve a sale.  This is usually due to non payment by the home owner over an extended period of time.  Although foreclosures usually represent an opportunity and a significant saving to the buyer the process is not a typical real estate transaction where the buyer has a week or two to have the property inspected and arrange financing.  In all cases the offer must be subject free prior to arranging a court date and the Contract of Purchase and Sale  is accompanied by a Schedule A to the contract stating that the sale is “as is where is”.  In the event that the Buyer receives the property in a different condition than when originally viewed there is no recourse.   Because the court has a mandate to get the highest price possible for the property  the original Buyers offering price is disclosed  to the general public and often there are several other last minute higher offers on the court date.

Because of the complexities involved in Court Ordered Sales it is highly recommended that the potential buyer consult a Realtor who is experienced in this type of transaction.    
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501 2189 W 42ND AVENUE

$868,000 Apartment/Condo in Kerrisdale, Vancouver West

1,273 Sqft, 1 Bedrooms, 2 Bathrooms, Built in 1988

WOW!! Kerrisdale respected Governor Point. N/E Corner suite with views of mountains and the area around. Large 1 bedroom + den with 2 baths. Room sizes and large and can accomodate your furniture. Features include; kitchen with tile splash, marble type floors, rolled edge cabinets with indirect lighting and a slider door to a nice sundeck for morni ... read more.

Royal LePage West R.E.S. (R2193597)

737 PRIOR STREET

$1,398,000 House/Single Family in Mount Pleasant VE, Vancouver East

2,836 Sqft, 4 Bedrooms, 1 Bathrooms, Built in 9999

An excellent development opportunity. 2 separate strata titles and addresses at 735 and 737 Prior. Previous development application is expired. Court Ordered Sale. Offer must be approved by the Court. For more info please call Listing Agent.

Royal Pacific Riverside Realty (R2213647)

5249 INDIAN RIVER DRIVE

$1,888,000 House/Single Family in Woodlands-Sunshine-Cascade, North Vancouver

4,138 Sqft, 3 Bedrooms, 5 Bathrooms, Built in 1953

Court Ordered Sale. Indian Arm waterfront home with unobstructed views on all levels. Vaulted cedar ceilings, natural rock wall, newer hardwood flooring throughout and a private dock right outside. Sold as is, where is. Diligence of Buyer and Buyer's representative is strongly suggested.

Coldwell Banker Vantage Realty (R2221171)

72 GLENMORE DRIVE

$2,000,000 House/Single Family in Glenmore, West Vancouver

2,192 Sqft, 2 Bedrooms, 3 Bathrooms, Built in 1955

Huge lot great re-development potential with views. Priced to sell below assessed value by over $700,000. Walking to famous private school Collingwood School- Morven Campus and Capilano Golf and country Club for only 5 minutes. Driving to Downtown Vancouver for 20 minutes.

Nu Stream Realty Inc. (R2228722)

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