Posted on 16 March 2010. Tags: bank foreclosed homes, bank owned homes, buying foreclosed homes, buying foreclosed property, Canadian Bankers Association, Canadian Foreclosure Apprenticeship Training, Canadian Foreclosures, forclosed homes, forclosure, forclosures, foreclose, foreclosed, foreclosed home listings, foreclosed homes, foreclosed homes for sale, foreclosed homes listing, foreclosed houses, foreclosed properties, foreclosed property, Foreclosure Apprenticeship, Helping Homeowners, Home Owner to Homeless, Mortgage Delinquencies, preforeclosure, preforeclosures, real estate investor.
Statistics kept by the Canadian Bankers Association show the number of mortgages in arrears (people that are behind on their payments more than 3 months) has grown significantly in Canada since the economic downturn in October of 2008. As a real estate investor we have the ability to help these people who have mortgage delinquencies and be able to make great money in the process.
There are various financial situations people get themselves into and we need to have many ways to be able to “spin” each deal both for the benefit of the person in trouble and ourselves.
Read the full story
Posted in Beginner Real Estate, Canadian Foreclosures, Foreclosure & Power of Sale Apprenticeship