Foreclosures

DO YOU KNOW THE DIFFERENCE BETWEEN A BANK OWNED FORECLOSURE LISTING AND A JUDICIAL FORECLOSURE LISTING?

Foreclosed houses and condos listed for sale in and around the Calgary area may offer homebuyers who could not have purchased during the housing boom an opportunity to enter the market today. In Alberta, some foreclosures are called Judicial Sales (through a professional, it is determined that the owner has some equity left in the property) while others are Bank Owned (through a professional, it is determined that the owner does NOT have equity left in the property.)  Both require the lender to obtain permission from the court to sell the property.

There are incredbile opportunities to purchase these types of properties in Calgary at a tremendous value!

As a client of the Mel Star Team, you would have early access to many of these properties. Over four decades we have sold and marketed several hundred bank owned and judicial foreclosures.  

In today's market, it is critical to have the right agent with the right team and the right exerperience to help you market your property at fair value while purchasing at an advantage.  Call our team at 403-284-6333 for a no obligation consultation.

Contact Us

We are here to help and we'd love to hear from you. Call us at 403-284-6333 and we will be in touch shortly!