Thursday, July 16, 2009

Foreclosure and Pre-Forclosure in GTA

This is a common question that I receive about foreclosure properties and thought I would share it with you.

Hi my name is D. and i'm looking for Pre-foreclosures in the Brampton,Mississauga, Oakville, and North York area.

If you can assist me in buyingthese properties at least 20% it's market value it would be greatlyappreciated. Hope to hear from you soon, take care.


Hi D,

Thank you for your real estate inquiry. I've not seen any pre-foreclosures or foreclosures of any type in the GTA in many years. Foreclosure is a remedy in the USA and some provinces in Canada, but not Ontario. The most popular method of banks when an owner is in default in Ontario is Power of Sale.

20% under market value is also seldom found, but does happen occasionally, you'll have to watch for those great opportunities from my list.

this link if you have not already signed up to receive a daily list of new
and changed Power of Sale Properties
in the GTA

Please let me know if you would like to see inside any of these power of
sale properties. You can read all about Power of Sale Properties at this

Let me know if you have any other questions or if there is anything else I
can help you with.

Thank you again for contacting me and I will do my best to help you with
your real estate needs,


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