Tag Archives: foreclosures

We Buy Houses In Canada

We Buy Houses In Canada

Professional real estate investors group (PREIG) Canada helps fellow Canadians in need and we buy houses in Canada for cash with fast closing. We buy houses in Canada to provide instant cash, fast closing to avoid foreclosure, eviction and help fellow Canadians to downsize and move forward.We Buy Houses in Canada

Here at Preig Canada, we understand the urgency of time and money. We  will make a written offer for you to review it with your real estate lawyer and get independent legal opinion.

 With deep roots and insights in finance and Canadian real estate, we have helped innumerable Canadians to sell their homes without much of hassles whatsoever.We Buy Houses in Canada

We buy houses in Canada

We are cash home buyers. The reason you want to sell your home for cash and fast is important to us to make sure that you are able to move forward. We are here to help.

We Buy Houses in Canada

We buy house due to Canadian Home owners are facing one of following challenges;

  • Behind mortgage payments
  • Needs cash now
  • Bank/Lender refuses to renew mortgage
  • Demand letter by the bank, pay up or get sued
  • Avoid eviction orders by court
  • Missing mortgage payments
  • Unemployed
  • Laid off
  • Property requires renovation
  • Work orders by city inspectors
  • Avoid seizure of your property
  • Behind Taxes with Canada Revenue Agency
  • Foreclosures
  • Right to redeem (power of sale/foreclosures)
  • Non renewable of Mortgage
  • Fire damage properties
  • Power of sale
We Buy Houses in Canada
Sell Your House For Cash
  • Tax Sale
  • Sheriff Sale
  • Court case
  • Eviction by Sheriff
  • Law suits
  • Expired MLS listings
  • Divorce
  • Bankruptcies
  • Homes in probate
  • Family problems
  • Sickness
  • Poor health
  • Pay off debts
  • Accidents
  • Downsize
  • Old age
  • Sellers whose employers transfer them
  • Owners who are evicting tenantsWe Buy Houses in Canada
  • Vacant homes
  • Trashed or damaged homes
  • No-Commission
  • Fire damaged properties
  • Estate Sales
  • Death
  • Drugs
  • Grow Op houses
  • Meth labs
  • Murder
  • Stigmatized properties
  • Flood/wind damage properties
  • Seized properties
  • Auctions

All paper work approved in writing by the home owners Lawyer FIRST.

We Buy Houses In Canada

What is important is that you are treated fairly with respect and dignity and get out of the situation really fast.We Buy Houses in Canada

With a considerable experience, expertise, knowledge, and vital industry exposure, Professional real estate investors group (PREIG) Canada is always successful in assisting Canadians to sell their properties without much of hassles.

By doing so, we have helped innumerable Canadians in need of money get quick cash. We buy any and almost every type of homes and properties. Therefore, Canadian property owners who must sell due to relocating or need fast cash owing to an urgent need, want to sell properties without involving in lengthy and cumbersome procedure.

We buy homes in Canada in any condition and irrespective of the location and condition. Despite the price range and condition of the property, we help Canadian property owners dispose of the property right away. Moreover, we offer no obligation offer to enable Canadian home owners to make the right decision for them.

Professional real estate investors group (PREIG) Canada is the best resource for those who want to know how to sell their house in Canada for quick cash and fast closing.

We Buy Houses in Canada

About Professional real estate investors group (PREIG) Canada

Professional real estate investors group (PREIG) Canada is known to provide a win-win situation to those who are in a dire need of money and want to sell their home fast.

We Buy Houses in Canada

Let us help you. Contact us now!

We Buy houses in Canada

Serving you all across GTA, Canada and the following locations:

We Buy Houses in Alberta:

Calgary, Edmonton, Ft Mcmurray, Lethbridge, Medicine Hat, Peace River Country, Red Deer

We Buy Houses in British Columbia:

Cariboo, Comox Valley, Fraser Valley, Kamloops, Kelowna-Okanagan, Kootenays, Nanaimo, Peace River Country, Prince Geroge, Skeena-Bulkley, Sunshine Coast, Vancouver, Victoria, Whistler-Squamish

We Buy Houses in Ontario:

Barrie, Belleville, Brantford-Woodstock, Chatham-Kent, Cornwall, Greater Toronto Area, Guelph,  Hamilton-Burlington, Kingston, Kitchener-Waterloo-Cambridge, London, Niagara Region, Ottawa-Hull-Gatineau, Owen Sound, Peterborough, Sarnia, Sault Ste Marie, Sudbury. Thunder Bay, Toronto, Windsor

We Buy Houses for CASH in all provinces

Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland & Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec, and Saskatchewan.

Your success is our business!

Court Queens Bench Alberta Foreclosure

Court Queens Bench Alberta Foreclosure

World Wealth Builders Visit Four Different Courts of Queen’s Bench in Alberta

Calgary, Monday Nov 16th, 2009 - World Wealth Builders completed another very special Alberta Foreclosure Apprenticeship in Calgary. Each apprentice took part in two days of intensive and exhausting education, which involved ten different laws, group activities, class activities, partner activities, and several tactical exercises.

Continue reading Court Queens Bench Alberta Foreclosure

Demand Payment Letter Alberta Canada

If you are a borrower  and a defaulter in payments, your lender can send you the  Demand  Payment Letter  Alberta Canada.

It happens when  the mortgagor (borrower) defaults under the terms of the mortgage contract in Alberta. The Demand Payment  Letter  Alberta  is a part of the legal procedure to keep all the parties  concerned informed.

Farm Debt Meditation Act

Lender wants the loan  to be repaid in full within a specific period. In case of a failure, there comes  a notice from the lender under the Farm Debt Meditation Act, It is called the Demand Payment Letter Alberta Canada. In certain situations, a Notice of Intention is also sent to enforce security under the Bankruptcy and Insolvency Act.

Lender wants action on  Demand Payment Letter

The  Demand Payment Letter Alberta Canada   is a warning to the borrower.  The Demand Payment Letter Alberta wants  the  borrower to clear the arrears or face legal action. Subsequently, the property  can be   taken away. This is where the lender wants the borrower’s full attention.

The lender wants the borrower to  understand that the issue, if not resolved, could lead to  a lawsuit. Till this time, the owner still has complete control and possession of the property. After a demand payment letter, certain property owners  feel the urgency to either pay up the arrears or  panic and list the property for sale.

Demand Payment Letter Alberta Canada

The Notice

The notice indicates clearly that if the debt it not cleared by a specific date, the legal proceedings will begin.  It also mandates for the recovery of  the outstanding mortgage arrears and all other expenses. The start of the proceedings is up to the lender. They can start immediately.  The decision  lies entirely within the lender’s power.

If a notice  under the BIA (bankruptcy and insolvency act) is served, the lender cannot take any further action to enforce the security

This information, provided as a guideline,  is not intended to give a professional legal advice. Please consult a real estate lawyer for  opinion in your personal case

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Demand Payment Letter Alberta Canada

World Wealth Builders offers many unique, practical, out of the box real estate investor apprenticeship. World Wealth Builders offer the student hands on, in the trenches style instruction to facilitate both a different mindset as well as a successful and lucrative real estate investment business. You can attend Real Estate Millionaire  Strategies Apprenticeship . To find out more, please go to www.Flipping4Profit.ca

Your success is our Passion!

Foreclosure Redemption Period Alberta

The redemption period is the time set by the Court after granting an Order Nisi. Under section 42 of the Law of Property Act, it states that in the case of urban lands the period of redemption shall be 6 months from the date of the granting of the Order Nisi. The Court, however, does have the authority to reduce this period of redemption.

Foreclosure Redemption Period Alberta Continue reading Foreclosure Redemption Period Alberta

Alberta Foreclosure Process

When there is a mortgage in default in Alberta, the general practice by the lenders and lawyers is to prepare, research, and compile all the necessary documents required to proceed with the foreclosure in Alberta.

Alberta Foreclosure Process Continue reading Alberta Foreclosure Process

Mortgage Defaults Alberta

New statistics from the Canadian Bankers Association suggest more people in Alberta are struggling to pay their mortgages. Alberta has suffered the same in March 1983.It is all about the oil and gas.

If Oil and gas prices are high, the economy booms like a wild fire. But when the Oil and gas prices crash, it intends to bust the Real Estate market. During the boom many homeowners jumped into high price homes with low down payment. Since the prices have dropped, there is lot of underwater properties in Alberta.

Mortgage Defaults Alberta

Mortgage Defaults Alberta

"The numbers of Canadians who are unable to make mortgage payments are 18,371 which is 0.45 per cent of mortgage holders from major Canadian lenders as per Canadian Bankers Association. In Alberta the number of defaults is 4,212 which is 0.83 per cent of mortgage holders in Alberta.

They were unable to make payment for three months or more. An increase from the beginning of 2007 when 0.17 per cent of mortgages were in arrears. The situation is worse in Alberta than the rest of the country, where, historically, default rates average 0.45 per cent. In the United States, by way of comparison, close to 8 per cent of all mortgage holders are late on their payments says Navtaj Chandhoke, founder of Professional Real Estate Investors Group (PREIG) Canada.

Genworth the country’s second-largest mortgage insurer after Canada Mortgage and Housing Corp., acknowledge that they are dealing with higher delinquencies in Alberta. The delinquency rate in its Alberta mortgage insurance portfolio was 0.59 per cent at March 31, compared to 0.18 per cent in Ontario, 0.31 per cent in B.C. and 0.27 per cent nationally.

While other provinces were able to recover as the recession eased, Alberta’s economy is back on track due to higher oil prices, disturbance in the Middle East. Calgary’s unemployment rate of 6.3 per cent is higher than the rest of Alberta at 5.7 per cent. A growing number of homeowners in Calgary are struggling to meet their mortgage payments as Calgary suffers a six-year real estate declining prices.

When the recession hit in 2008, oil prices plunged from $140/barrel to $35/barrel, the panicked homeowners rushed to sell in near-record numbers, flooding the market with inventory and putting renewed pressure on prices.

The Canadian Association of Accredited Mortgage Professionals found that 84 per cent of homeowners could afford at least another $300 increase in their monthly payments before falling behind. There is more than $1-trillion of mortgages outstanding in Canada, meaning even a small default rate has implications for the broader economy. When interest rates interest rates climb higher, and that will put even more people behind the financial eight ball.

"This can be great time to look into buying pre foreclosure properties. You could be helping all the concerned parties and make a great fortune for yourself" say Navtaj Chandhoke of World wealth Builders. Make sure that you have proper education about foreclosure process of Alberta. By helping fellow Canadians one can create win/win situation for all parties in concern and make a fortune.

World wealth Builders provide very special Alberta Foreclosure Apprenticeship which involves learning the Alberta Foreclosure laws, obligations of the property owner and the lenders. You learn by watching real people going through courts as well as facing the hardship of tough economic times. The apprentice visits the families as well as the courts to see the first hand and help all the parties in concern.

Mortgage Defaults Alberta

Your success is our Passion!

Foreclosures in BC Canada

Learning Foreclosure process by visiting B.C. Supreme Court in Vancouver

Vancouver September 21st, 2009

Navtaj Chandhoke recently completed a very special 3-day Foreclosure Apprenticeship in Vancouver regarding Foreclosures in BC Canada. Part of this unique Foreclosures in BC Canada Apprenticeship was visiting the B.C. Supreme Court, where all Apprentices received first-hand experience on how the B.C. foreclosure system works. Each Foreclosures in BC Canada Apprentice took part in 2 days of in-class intensive education. This includes becoming familiar with the Mortgage Act, the Foreclosure Act, and property law, as well as many practical rescue remedies that enable each Foreclosures in BC Canada Apprentice to help people and make money.foreclosures in bc canada

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Genworth Financial Foreclosures Canada

Genworth’s losses on claims were $62-million in the fourth quarter, $11-million higher than the same period a year earlier. Genworth’s stress tests suggest it could withstand either a 40-per-cent drop in home prices or a sharp spike in unemployment before its insurance business became unprofitable. But if a 25-per-cent drop in house prices were coupled with a prolonged increase in unemployment into double-digit levels, it would affect profitability. Canada's largest private sector mortgage insurer, has set up its own internal group of real estate agents to deal with foreclosure sales.genworth financial foreclosures

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REI Club Real Estate

Why join Networking Real Estate Group Canada

REI Club Real EstateREI Club Real Estate  is networking group of Real Estate Investors.It is very important to join Canada's elite Real Estate Investment club REI club to network, support, education, training and the latest trends of Canadian Real Estate. Professional Real Estate Investors Group (PREIG) Canada have over 12,500 Canadian Real Estate Investors.You can simply join them at www.preigCanada.com/membership.

1. Learn how to build Wealth, attend Real Estate Millionaire Strategies Apprentice (REMSA) online or LIVE and learn Real Estate investing from experts who are in the trenches.

2. Learn unique Canadian Real Estate investing SECRETS,STRATEGIES and TECHNIQUES that will skyrocket your business and cash flow beyond what you ever imagined at REI Club Real Estate Networking meetings.

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