Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!


Free Foreclosure Webinar


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtor Promotion Service

Sponsored Links
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 28600535
No new orders today 13153176
Stupid MLS comments. 3368141
What do you know about Froy Candelario, top agent in USA 1241632
Stupid QC comments and BPO requirements. 1110998
New HUD Listing Brokers---Any Update? 1065402
Is there religious content in Buffini class? 854536
Let's talk about our cars 705925
Most common items found at an REO 631008
Name that Flick. Great movie Lines. 630074
Pay it Forward - BPO/REO Tips & Tricks I & II 621185
REOTRANS 468971
EML 459235
Main Street 452515
asset val seminar in colorado 427200
assist 2 sell or 1 percent realty? 357951
HOMONYMS - There, Their, and They're 333326
Evalonline 300210
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#119279 - 04/29/06 07:56 AM Foreclosures/Pre-forclosures
2 62n6266mn Offline
Member

Registered: 04/06/06
Posts: 10
Anyone know how these work in Canada, specifically Calgary, as to where to find them?

Top
Advertisements
#119280 - 04/29/06 08:05 AM Re: Foreclosures/Pre-forclosures
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
how these work?
Do you mean how does the process of judicature work or how does the process of buying one work.
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

Top
#119281 - 04/29/06 08:07 AM Re: Foreclosures/Pre-forclosures
2 62n6266mn Offline
Member

Registered: 04/06/06
Posts: 10
I'm specifically looking for how to find them, where to look?

But that information on the process of buying them and everything else to do with foreclosures would be great.

Top
#119282 - 04/29/06 11:18 AM Re: Foreclosures/Pre-forclosures
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
Your local real estate agent is your best source. In the near future one agent will have access to all CMHC foreclosures but there is also individual institutions, and court ordered sales. These will generally be listed on MLS with an agent. When I know who gets the contract for the cmhc properties for Alberta I will post it.
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

Top
#119283 - 05/01/06 12:31 PM Re: Foreclosures/Pre-forclosures
rohail Offline
Junior Member

Registered: 05/01/06
Posts: 2
What about the process of judicature?

Top
#119284 - 05/01/06 02:00 PM Re: Foreclosures/Pre-forclosures
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
Can you elaborate further on your question?
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

Top
#119285 - 07/18/06 10:59 AM Re: Foreclosures/Pre-forclosures
JohnnyThreeway Offline
Junior Member

Registered: 07/11/06
Posts: 8
Loc: CA
is there an established REO (real estate owned - foreclosed homes) industry in Canada similar to that in the US? And if there is, could anyone point me to some web sites of the major sellers of these types of homes.

Thank you.

Top
#119286 - 07/27/06 09:10 PM Re: Foreclosures/Pre-forclosures
Sheldon Johnston Offline
Member

Registered: 10/11/05
Posts: 428
Loc: Edmonton, Alberta, Canada
These properties are marketed on MLS. Contact your local Realtor. Where I work we can handle the entire province of Alberta. Most financial institutions and court ordered sales also go through MLS.
_________________________
Sheldon Johnston
Coldwell Banker Johnston

www.edmonton-homes.ca

Blog http://www.edmontonrealestateblog.com/

Edmonton, Alberta

Top
#436395 - 05/29/14 08:00 AM Re: Thinking of adding individual province sub-forums - your opinions please [Re: Admin]
bpogiant Offline
Junior Member

Registered: 05/29/14
Posts: 2
Loc: USA
Does anyone know if Canada has a similar market of BPOs like USA?

Top
#436438 - 05/30/14 03:43 AM Re: Thinking of adding individual province sub-forums - your opinions please [Re: 2 62n6266mn]
doug Offline

Admin
Veteran Member

Registered: 12/31/69
Posts: 1099
Loc: Canada
The opportunities for BPOs in Canada is somewhat different and a lot smaller. There are really just a few large relocation companies doing most of the work. When I worked for one of the large national real estate companies that also owned one of the largest relocation companies it would be the office broker nearest to the subject property doing the BPO.

Smaller financial and relocation companies tended to use just one agent in an area for BPOs and that agent would often end with the listing if the property came to market. That was the major reason for taking the (low paying) BPO. No one I know really thinks of BPOs as a viable revenue stream.

There doesn't seem to be a lot of BPOs. Full evaluations seem to be more usual.

I have been not actively selling real estate for a few years now so there may have been some changes.
_________________________


Top
#442719 - 01/25/15 04:39 AM Re: Thinking of adding individual province sub-forums - your opinions please [Re: 2 62n6266mn]
markj-b Offline
Member

Registered: 12/31/14
Posts: 50
Loc: kelowna canada
Foreclosures in Canada are night and day different to the US. The best deals in Canada will always be pre-foreclosure and that means your realtor has to keep their ears to the ground or pull title and look for signs of trouble (Pending litigation etc). If you get in there, there is less competition. In court the Master/Judge is required to prove that they are getting fair market value for the property. If it is a great deal, the listing realtor will have done (should have done) an awesome job of creating competition in the courtroom to ensure that the property sells for FMV
_________________________
Digital Training for Realtors and aspiring Realtors. Affordable, convenient and current.

Realtor Training

Top
#459855 - 11/22/17 10:05 AM Re: Foreclosures/Pre-forclosures [Re: 2 62n6266mn]
HOT-TUB Offline
Junior Member

Registered: 05/27/17
Posts: 5
Loc: Western Canada
Originally Posted By: 2 62n6266mn
Anyone know how these work in Canada, specifically Calgary, as to where to find them?



I think the only way to find them would be contact the banks directly and become the preferred agent on there files.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
InternGrinder, Diamond Concrete, OnTheDownload, rhea_re, Preferred Group
30254 Registered Users
Who's Online
1 registered (1 invisible), 56 Guests and 6 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Advertisement

Top Posters (30 Days)
dotcom_agents 16
Trouble 13
Tim Bizz 13
T.T. 12
Vermont 11
gitmonee 10
estatereal 10
Mr. Clean 8
Z06Fanatic 8
Daniel1234 8
Dianne 7
sualk54 5
RonnieEmz 5
mikeInSeattle 5
VABroker 5
Facebook

How To Advertise Here


This site presented by RNC Internet Services