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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5132 ALDERFEILD PLACE

$2,790,000 House/Single Family in Upper Caulfeild, West Vancouver

2,611 Sqft, 4 Bedrooms, 3 Bathrooms, Built in 1980

Beautiful 4 bedroom, 3 bathroom family home with fabulous ocean and city views. Situated on a large 10,000 square foot lot at the end of a quiet cul-de-sac, this home offers wonderful open plan living and functional layout on two levels, and features a large entertainment sized deck over the views. Just steps to the Caulfeild Shopping Centre and Ro ... read more.

Angell Hasman & Assoc.Rlty.Ltd (R2371098)

4210 GLENHAVEN CRESCENT

$1,674,800 House/Single Family in Dollarton, North Vancouver

2,816 Sqft, 5 Bedrooms, 3 Bathrooms, Built in 1970

AWESOME VIEW HOME on a beautiful 10,000+ sq.ft. lot with magnificent water and mountain views. Definitely one of a kind. This elegant home features two full size kitchens, but also includes spacious decks and ample parking, perfect for two families or a family with in-laws living with them. The home is situated in a Safe & Quiet neighbourhood of Do ... read more.

Royal LePage - Wolstencroft (R2373969)

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