Tag Archives: Power of Sale

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!

Power of Sale Notice Period Ontario

Power of sale notice period Ontario, all the notices of power of sale are regulated under the Ontario Mortgage Act. The lender (banks) does not necessarily have to go to the court to do a power of sale. Before a notice to proceed is sent out, the lender will be following steps to take action.

Power of Sale Notice Period Ontario Continue reading Power of Sale Notice Period Ontario

Power Of Sale Notice Requirements

Recipient Of Power of Sale Notice Ontario

In Ontario Real Estate Investing, under the Mortgage Act Section 31, it is stipulated that a notice of power of sale must be given to every party appearing by the registered of ownership and by the index of executions to have interest of the mortgage property.

The recipient of the notice of power of sale should be given to the following parties:

Continue reading Power Of Sale Notice Requirements

Home Foreclosure What To Expect In Canada

Home foreclosure :As full-time Canadian real estate investors, we are always on the lookout for good deals, while helping those in need.  With the recent economic downturn, a large market in foreclosures and power-of-sale properties have become  available  from those who have suffered the results of being unable to pay their mortgages.home foreclosure

Continue reading Home Foreclosure What To Expect In Canada

Foreclosure Process Canada

Being a Professional Real Estate Investor, one should have thorough knowledge about Foreclosure process in Canada. The word “foreclosure” is a nightmare for the property owner as well as for the Lender.

foreclosure process canada

It happens all the time, regardless which cycle the market is going through, although the numbers do tend to go up during the Real Estate bust cycle.

Foreclosure Process Canada

Foreclosure is a legal action that a money-lender can take if the person who borrowed money using a mortgage stops paying back that mortgage. Foreclosure allows the lender to take or sell that person’s house by first getting a Court’s permission to do so.

As a Canadian Real Estate investor when a property-owner misses a mortgage payment or makes a late payment, the property owner will not automatically lose their property. Lenders don’t want to foreclose if they don’t have to because it is expensive and is a lengthy process. A lender will probably not start to foreclose until two or three months after the borrower has stopped paying. Normally, a lender will first send letters demanding payment. Then, if they don’t receive a reply, the lender will usually start to foreclose and to sue at the same time

The foreclosure process differs from province to province in Canada.

In Canada Real Estate investing there are two main ways for the lender to recover the mortgage debt. They are :
1. Judicial Sale
a. Conducted under the supervision and authority of the Court
b. Lender must apply to the court to get permission to sell property
c. Extensive Court involvement in every step
d. Process involves lawsuit against borrower and other liable parties

Judicial Sale are Primarily used in:

• British Columbia
• Alberta
• Saskatchewan
• Manitoba
• Quebec
• Nova Scotia

2. Power of Sale

a. Allows lender to sell property without the involvement of the court. This particular method was created to keep the recovery process out of the court system and created the ability to make it happen at a much quicker rate than a foreclosure.
b. The Process is started by sending a notice to the borrower.
c. Deficiency Judgment: lender must seek action against borrower after property has been sold
Power of Sale is primarily used in:
• Newfoundland
• New Brunswick
• Prince Edward Island
• Ontario

Generally speaking, foreclosure is a losing proposition for all the parties concerned. The number of mortgage defaults varies from market to market, and there is no data available to demonstrate the exact figures. In Canada Real Estate investing , there are over 1,100 mortgage lenders, approximately. The five major lenders report a 0.26% to 0.65% default rate.

World Wealth Builders offers many unique, practical, “out of the box” real estate investor apprenticeship which offers 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 Lease Option Apprenticeship online or in person. To find out more, please go to www.WorldWealthBuilders.com/live.html

The above information is provided as a guideline and is not intended to give a professional legal advice. Please consult a Real Estate lawyer for their opinion on your particular case.

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foreclosure process canada

Your success is our Passion!

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.

Continue reading REI Club Real Estate

Canadian Foreclosure Process

Canadian Foreclosure Process

Canadian Foreclosure Process

Canadian Foreclosure Process, a professional Canadian Real Estate investor should have a well understanding regarding to Foreclosure process in Canada.

Not only property owner, but also Lender consider the word "foreclosure" as their nightmares. Regardless which cycle the market is going through, it happens all the time, although the numbers do tend to go up during the real estate bust cycle.

Foreclosure is a legal action that a money-lender can take if the person who borrowed money using a mortgage stops paying back that mortgage. Foreclosure allows the lender to take or sell that person’s house by first getting a Court’s permission to do so.

Continue reading Canadian Foreclosure Process

Foreclosure Process Manitoba

Being professional Real Estate investor in Manitoba, one can avail the opportunity to help property owners as well as the lenders by having clear understanding of delinquent mortgage payments and Foreclosure Process Manitoba

The more your education and knowledge you have on the subject matter it gives the upper hand and you can make lot more money simply by implementing this knowledge.

Continue reading Foreclosure Process Manitoba