Foreclosures Blog Articles

4 Risks of Buying a Foreclosure and How to Combat Them

4 Risks of Buying a Foreclosure and How to Combat Them

Are you considering buying a foreclosed home in Calgary? Here are four risks associated with the process and how our top Calgary realtors can help you combat them and get the best value for your money. Over the past few years, buying a foreclosed home has become more popular, but there are…

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The Most Essential Questions to Ask Before Buying a Foreclosure

The Most Essential Questions to Ask Before Buying a Foreclosure

This includes making sure you:  Are out of debt  Have a downpayment of at least 10%-20% for a 15 year fixed-rate mortgage Have an emergency fund of 3-6 months expenses Have enough additional cash saved to cover the cost of any repairs  If you are looking for a move-in ready home…

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 Quick Facts About Foreclosures You Need to Know About

Quick Facts About Foreclosures You Need to Know About

There are several reasons why this may happen, including the fact that the homeowner may:  Have excessive debts  Be unemployed  Have fallen ill and is unable to work  Have recently become divorced and is unable to make the payments on a single income  Have drained their financial…

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 Buying a Foreclosed Home in 2020

Buying a Foreclosed Home in 2020

Quick Facts About Home Foreclosures They happen when a homeowner stops paying his/her mortgage. Banks and government agencies sell foreclosed homes to recoup their financial losses on them. You can purchase a foreclosed home at an auction, or directly from the court (as a judicial sale),…

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6 Tips For Getting The Best Deal When Buying a Foreclosed Home

6 Tips For Getting The Best Deal When Buying a Foreclosed Home

Have a Foreclosure Listing in Mind But Don’t Know Where to Start? Our Calgary Realtors Can Help You Get the Best Deal On Your New Home! At Mel Star, our team of leading Calgary realtors can provide you with the expert advice you need when buying or selling a home. We have access to many…

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Why You Need to Invest in a Foreclosed Home

Why You Need to Invest in a Foreclosed Home

We have a lot to offer our customers, including: Access to many foreclosure listings Expert advocacy and negotiation assistance Decades of experience in the Calgary real estate market A comprehensive service that covers everything from handling moving offers to transferring your…

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4 Precautionary Steps to Take Before Buying a Foreclosed Home

4 Precautionary Steps to Take Before Buying a Foreclosed Home

If you have started looking at foreclosure listings in Calgary, it’s important to understand the inherent benefits involved in buying a foreclosed home: The lender is eager to recuperate their loss and will want to sell the property quickly. They may sell it at a lower price than it was…

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4 Benefits of Working With an Agent When Buying a Foreclosure

4 Benefits of Working With an Agent When Buying a Foreclosure

Looking at Foreclosure Listings in Calgary? We Can Help You Find Your Dream Home! Don’t know the difference between a judicial sale or bank owned foreclosure? Are you having difficulty negotiating a price for your new home? At Mel Star, our team takes care of all the big and small details, so…

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6 Myths About Buying a Foreclosure Debunked

6 Myths About Buying a Foreclosure Debunked

Some of the steps that you have to go through in order to make such a purchase, include: Browse available foreclosure listings Find a lender and discuss REO financing Work with a real estate agent who understands bank-owned foreclosures Get an appraisal on your ideal property Make an…

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5 Key Facts About Buying a Foreclosed Home

5 Key Facts About Buying a Foreclosed Home

This can have many benefits, including: Better opportunities for negotiating Seller is motivated to achieve a fast sale You can typically use regular mortgage financing The seller might be more amenable to provide certain concessions We Can Help You Find Your Dream Home at a…

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 5 Benefits of Buying a Foreclosed Property

5 Benefits of Buying a Foreclosed Property

We Can Help Take Care of All The Details Don’t know the difference between a judicial or bank owned foreclosure? Are you having difficulty negotiating a price for your new home? At Mel Star, our team takes care of all the big and small details, so you can focus on what matters most: investing…

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The Main Difference Between Judicial Sales and Foreclosures

The Main Difference Between Judicial Sales and Foreclosures

Our Calgary Real Estate Agents Help You Find Your Dream Home Buying or selling a home in today’s market can be a huge challenge. Our team of Calgary realtors have over 40 years of experience and we are the # 1 real estate team in Calgary’s RE/MAX Central office, the world’s top-producing…

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