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Victoria Foreclosure Homes & Real Estate for Sale Listings

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Main Photo: 9989 Fifth St in Sidney: Condo for sale : MLS®# 961139
Status:
Active
Prop. Type:
Other
MLS® Num:
961139
Build. Type:
Other
ATTENTION DEVELOPERS: Located in a desirable area of Sidney, Condo site with zoning and an existing development permit. Court Ordered Sale (id:2493)
Property Type:
Other
Common Interest:
Condo/Strata
Property Plan:
VIP470
Total Building Area:
722 sq. ft.
Finished Area Above Grade:
722 sq. ft.
Transaction Type:
For sale
Zoning:
Multi-Family
Ownership Type:
Strata
Association Fee:
0.0
Association Fee Frequency:
Monthly
Taxes:
$1 / -
Community:
Sidney North-East
Community Features:
Pets Allowed, Age Restrictions
Structure Type:
Other
Bedrooms:
1
Bathrooms:
1.0
Cooling:
Air Conditioned
Fireplace:
Yes
Fireplaces:
1
Heating:
Natural gas
Size Exterior:
722 sq. ft.
Acreage:
No
Lot Size:
11,860 sq. ft.
Lot Size:
11860 sqft
Lot Details:
11860
Total Parking Spaces:
19
Floor
Type
Size
Other
Main level
Laundry room
5'6" × 3'
3'0 x 5'6
Main level
Den
10'10" × 7'4"
7'4 x 10'10
Main level
Bedroom
14'8" × 10'6"
14'8 x 10'6
Main level
Kitchen
12'9" × 11'2"
12'9 x 11'2
Main level
Living room
11'8" × 11'6"
11'8 x 11'6
Floor
Ensuite
Pieces
Other
Main level
Yes
-
9'1" x 7'
  • Photo 1: 9989 Fifth St in Sidney: Condo for sale : MLS®# 961139
    Photo 1 of 1
Listed by Team 3000 Realty Ltd
Data was last updated November 25, 2024 at 03:45 AM (UTC)
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About Foreclosure listings

There are many names for a Foreclosure home. Many people call it foreclosed home, foreclosure home, bank repossessed house, or Court Ordered Sale. They mean the same thing. So what exactly does foreclosure mean?

In its simplest meaning, the word foreclosure means to deprive a borrower (in default) of the right to redeem the mortgaged property. In a way, it’s like a divorce proceeding – the borrower and lender under a mortgage go their separate way.

Foreclosure home sale is very different from a regular home sale. If you need an experienced Vancouver Realtor to guide you through the process, please let me know.

What is the process of Foreclosure in BC Canada?

See below simplified steps in a Foreclosure proceeding to find out how foreclosure works in BC.

  1. Demand letter. 
  2. Petition. 
  3. Order Nisi. 
  4. Judicial Sale. 
  5. Order Made After Application.

To see the detailed steps in a foreclosure proceeding. Please let me know.

Please note that this blog is for information only. Buyers & Sellers are advised to obtain independent legal advice before buying or selling a real estate property.

Here’s a simple guide on how to buy a Foreclosure Home in BC

  1. Search Foreclosure Listings BC
  2. Find a Realtor to write an offer.
  3. Review the Schedule A with the Realtor. Schedule A contains clauses that specifically protect the lender. The buyers must be aware that they are accepting the property “as is” and must sign this schedule to have their offer accepted by the lender.
  4. Acceptance of the offer. The offer may have conditions precedent, and it is advisable that the offer is left open for acceptance for a period of two or three days.
  5. The hearing of the application for order approving the sale.
  6. Completion of the sale.

Foreclosure & Court Ordered Sale Listings in BC

Greater Victoria Real Estate Listings

Vancouver Island Real Estate Listings

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British Columbia Real Estate Listings

PHOTO CREDIT : Photography Manoeuvres

Sam Huang PREC
H & S Real Estate Group
Real Estate Coal Harbour
RE/MAX Select Properties
Address: 5487 West Boulevard, Vancouver BC V6M 3W5, Canada

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