17Sep 2021What Is A Foreclosure Real Estate Agent? A foreclosure specialist is a real estate agent who specializes in foreclosure deals. A foreclosure occurs when the bank repossesses a home because the owner has been unable to meet their monthly mortgage payments. Once the bank repossesses the home, it…
Read more
27Aug 2021What Is A Foreclosure Specialist? A real estate agent who specializes in foreclosures helps their clients understand the complicated foreclosure process and negotiate and advocate on behalf of their clients. They know how to effectively communicate with the bank and are aware of the protocols…
Read more
6Aug 2021What Is A Foreclosure? A foreclosure on a property occurs when the homeowner is unable to meet their mortgage payments, therefore forfeiting the rights to their property. Judicial foreclosure is a process banks use to foreclose on mortgages in Alberta, British Columbia, Quebec, Manitoba,…
Read more
9Jul 20214 Tips For Making An Offer On A Foreclosed Property Buying a new home is difficult enough, but buying a foreclosure comes with its own set of challenges. They can be extremely enticing and are often sold for a lot less than typical homes on the market. While you can save a lot of money, you will…
Read more
11Jun 2021Are you attracted to the idea of purchasing a foreclosed home? Maybe you have found a diamond in the rough that you can afford and cannot wait to jump on the opportunity to purchase it. If you are looking for an investment property, you will most likely look into buying a foreclosed property for…
Read more
5May 2021Canadian homes can be quite expensive, especially in desirable urban areas. As a result, many people cannot afford their mortgage payments, which results in the bank foreclosing on their home. While foreclosed homes are quite rare in Canada, property foreclosures can happen and are often sold…
Read more
21Apr 2021Whether you are looking to buy your first home, looking to flip and sell, or looking to purchase a rental for revenue, you may be considering purchasing a foreclosed property. When a bank forecloses on a home, it means that the owner was in arrears on their mortgage, prompting the bank to sell…
Read more
21Jan 2021If you are a new homeowner or you are looking to invest in the real estate market, then buying a foreclosed home may offer many benefits, including: Discounted prices: Sellers of foreclosed homes are looking to make a quick sale and are more willing to lower their prices to attract…
Read more
10Dec 2020This includes ensuring that you: Have no debt Can afford a down payment of at least 10-20% for a 15-year fixed-rate mortgage Have factored into your budget any additional costs that may be required for repairs or renovations Have an emergency fund of 3-6 months expenses Work…
Read more
30Nov 2020If you are thinking about buying a foreclosed home in Calgary, now may be the right time to do it. However, before you do, there are several things you should prepare ahead of time to ensure you make the best decision. This includes: Teaming up with an experienced realtor who knows how to…
Read more
29Oct 2020There are several benefits of buying a foreclosed home, including: Better opportunities for negotiation Faster sales Lower prices Fewer title concerns However, you should keep in mind that buying a foreclosed home is a little different than buying a standard property owned by a…
Read more
24Sep 2020When you are buying a foreclosed property, here are some things to consider: Hire a top realtor to help you through the process Know your budget and be prepared to walk away if the asking price goes above it Take note of all the repairs the house needs and make sure this fits into your…
Read more
14Aug 2020Are you thinking about buying a foreclosed home in Calgary? Here are five factors you must consider before you do. Whether you are looking for a home to live in, to flip and sell, or to rent out for extra income, you might be considering purchasing a foreclosed home. For many Calgarians, this…
Read more
24Jul 2020Some key benefits of doing so include: Quicker buying process Higher return on investment Better opportunities for moving into higher priced neighbourhoods Lower down payments Want to Invest in a Foreclosed Home But Don't Know Where to Start? Our Top Calgary Realtors…
Read more
22May 2020This 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…
Read more
14May 2020There 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…
Read more
27Apr 2020Quick 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),…
Read more
11Apr 2020Some signs that you might be ready to become a homeowner include, you: Have a good credit score Have enough for the down payment Are committed to the city in which you live Have your debt under control Are prepared for the maintenance that comes with home ownership Our Calgary…
Read more
31Mar 2020Have 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…
Read more
14Mar 2020We 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…
Read more
2Mar 2020If 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…
Read more
27Feb 2020Looking 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…
Read more
12Feb 2020Some 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…
Read more
25Jan 2020This 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…
Read more
9Jan 2020Considering Buying a Foreclosure But Don’t Know Where to Start? We Can Help! At Mel Star, our team of Calgary real estate experts hedge the risk associated with buying a foreclosed home, providing you with expertise and advice every step of the way. We have access to many foreclosure listings…
Read more
10Dec 2019We 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…
Read more
6May 2019Our 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…
Read moreWe are here to help and we'd love to hear from you. Call us at 403-861-9944 and we will be in touch shortly!