Power of Sale / Distress Sales / Bank Foreclosures

Distress Sales resulting from bank foreclosures often represent a great way to get a fantastic deal on a home. It's not easy for the average homeowner to find power of sale/distress sale and bank foreclosure deals, because you have to keep scouring the paper to see when one comes up.

If you're the type of person who recognizes what a great deal some of power of sale properties could represent, you will be interested to know about a new free computerized service which automatically searches out and downloads a current list of all power of sale ,distress sale and bank foreclosure properties day in and day out. When you receive this free, no obligation service, you're automatically plugged in to the most current list of Power of Sale ,Distress Sale and Foreclosure Properties on the market, in the price range and area that interests you. This FREE service every week will save you a lot of research and running around.

Here's how it works. Every week, you will receive a FREE computerized report listing the current Power of sale , distress sale and Foreclosure properties in your desired price range and location. There is no cost for this information, and absolutely no obligation. This insider information, sent to you in an incredibly simple and efficient format, will give you a huge advantage over other buyers in the marketplace.

What is a "Power of Sale" and what steps must be taken ?

Power of Sale: The legal right of the mortgagee to force the sale of a property without
judicial proceedings should default occur. Power of Sale is the most frequently used
method by which a mortgagee remedies a default by a mortgagor. The term indicates a sale
under the power contained in the mortgage document or in the Mortgages Act.

Notice:    The mortgagee is not permitted to commence a power of sale immediately following
default. If the mortgage document includes a power of sale provision, the mortgagee must
wait until the default has continued for at least 15 days. Once the 15-day period has expired,
a notice of exercising the power of sale can be sent out. This notice must allow at least
35 days to remedy the problem. After the 35-day period has expired, a sale may take place.

Help

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You can request this free service by simply filling out the information on the form below including the specific price range and area you would like the "Power of Sale Weekly Report" on. When you have completed the form just click the "Submit" button at the bottom of this page.

For more Information  on any specific Toronto Real Estate Listing or to arrange for a personal showing (a Buyer Representation Agreement is required).

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First Name: Last Name: Daytime Phone: Evening Phone: E-Mail Address: Do you currently own or rent? Currently ownCurrently rent Preferred Location Central TorontoWest TorontoEast TorontoYork RegionMississaugaBrampton MiltonOakville Price Range 0-$200000200000-350000350000-500000500000-650000650000-800000800000 and Up House Type Condo ApartmentCondo TownhouseFreehold TownhouseSemi-DetachedLinkDetachedOther House Style: One and A Half StoreyTwo StoreyTwo and A Half StoreyThree StoreyBacksplit 3Backsplit 4Backsplit 5BungalowBungalow - RaisedFrontsplitSidesplit 3Sidesplit 4Sidesplit 5Bachelor/StudioLoftStacked TownhouseOther Minimum # of Bedrooms 234>4 Minimum # of Bathrooms 11.522.533.54More Age of Home Don't care<10<25<40>40 Family Room Don't careYesNo Garage Don't care123>3 Finished Basement Don't careYesNo Pool Don't careYesNo When you are planning to move ? Within 6 MonthsLater than 6 Months Type of Property Power of Sale/Distress Sale/Bank ForeclosureFixer UpperInvestment PropertyMLS Other details you are looking for: Security Code Please enter the numbers found on the right into the box below.

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5 Pictures Available TORONTO Condominium List Price: $ 3,549,000.00 Taxes: $ 2,200.00 (2007) Bedrooms: 3 + 1