Foreclosure: A foreclosure is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).
Court Ordered Sale: A Court Ordered Sale is the legal process where the BC Provincial Court is petitioned to approve the ...
Posted by Jason Neumann
on September 15, 2011
Recently, 80,000 property owners in the Central Okanagan received their property assessments in the mail. The majority of these assessments showed little change from 2009 as overall real estate sales in Kelowna and area were quite sluggish in 2010. It is important to note that BC Assessments do not reflect current real estate market conditions and are more of a general guide ...
Posted by Jason Neumann
on January 18, 2011
Finance Minister Jim Flaherty announced today new rules for the Canadian mortgage industry that he says will "protect the stability of the economy."
The announcement comes on the heels of a recent warning from the Bank of Canada that Canadians' domestic debt burden is the highest on record, even higher than our neighbours to the south. The ratio of household debt ...
Posted by Jason Neumann
on January 17, 2011
There are only two reasons why a home ever fails to sell....
When I came into Real estate I had an amazing boss. He made everything very simple and concise. He told us all if a home did not sell there was only two possible problems:
You did not have the right plan.
You had the right plan but you did not execute it.
When I tell co-workers or clients about this simple but ...
Posted by Steven Bergg
on December 3, 2010