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Pre-foreclosures traditionally are not available to the public. We are proud to be the first to provide buyers all over Canada access to these highly motivated sellers. Pre-Foreclosure is the time between the first missed payment on a mortgage up until the bank actually forecloses, takes back the ownership of the property and evicts the homeowner. The foreclosure process can take as long as 8 months. During that 8 months the property is considered to be a "Pre-foreclosure" and presents an ideal opportunity to work with the distressed property owner, without competition from others. All across North America people unable to pay their property taxes or mortgages will become victim to foreclosure proceedings at the Supreme Court. In Canada the Court gives the homeowner a limited time to repay their outstanding debts before the home is handed over to the lender to sell, often at a substantial discount. These people are obviously highly-motivated to sell their property immediately before they lose everything in a Foreclosure! If you are a realtor or investor, you can have an opportunity to purchase properties well below current market value from a distressed and motivated seller. So where do I fit in? Simple, all across the nation there are hundreds of thousands of homeowners who need your help. Many of these people don't realize that they can sell their house quickly to a private buyer and still save some of whats left. It's better than nothing! If you don't help them, its only a matter of time until the bank will take away their home and the equity they've invested in it.. These families will end up losing everything including one of their most treasured assets....their Credit. It can be next to impossible to get a fresh debt free start without any credit. You can be the solution to the bank and the seller...We'll show you how. All parties win: 1. The distressed property owner wins because they get to sell their home, repay the loan and walk away with their credit intact. 2. The lender wins because they avoid a lengthy, expensive recovery and they don't have to pay realtor commissions. 3. You win creating and putting together the deal and gaining a highly under-valued property.
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