When someone falls behind on their mortgage payments, the bank has the right to take possession of the home and list it for sale.
In Canada this is known as a "Power of Sale". Most bank sales are serious fixer uppers and are not worth the trouble (unless it's being
offered at an extremely low price).
However, sometimes a well priced bank sale in decent condition does become available
and a property like this can be a great opportunity for the right buyer!
We have inside access to banks sales throughout Ontario. If you're interested in viewing "power of sale" listings in your area, just complete the form below
and we'll respond with a free up-to-date list of currently available "power of sale" listings in your city.
Type "BANK SALES" in the "details" section.
Ultramax Realty Inc. is a high quality, full service real estate brokerage with competitive commission rates to help our sellers save money on fees and get the most out of their transaction. We have a growing list of buyers for the Barrie area and we need listings to sell! If you need to sell, contact us now for a free home evaluation and consultation.
Our service is on par with the best in the business and our competitive rates are what sets us apart.
We have access to hundreds of new condos for sale or lease. Pre-construction and resale condos available.