When someone falls behind on their mortgage payments, the bank has the right to take possession of the home and list it for sale.
In Canada this is known as a "Power of Sale". Most bank sales are serious fixer uppers and are not worth the trouble (unless it's being
offered at an extremely low price).
However, sometimes a well priced bank sale in decent condition does become available
and a property like this can be a great opportunity for the right buyer!
If you're interested in viewing "power of sale" listings in your area, just complete the form below
and we'll respond with an up-to-date list of currently available "power of sale" listings.
Type "BANK SALE" in the "details" section.
Ultramax Realty Inc. is a premium quality, full service real estate brokerage in Ontario Canada. We provide Buyers and Sellers with the industry's highest level of service. We have extensive real estate knowledge and exceptional marketing. Ensure your transaction goes as smoothly as possible, contact us now for a free consultation: 1-888-582-0282
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