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 ...
Posted by Jason Neumann
on September 14, 2011
There are currently 84 active foreclosures (as of April 7,2011) amongst the entire listing inventory for the Central Okanagan. There are 4,423 active listings this month (including the 84 foreclosure properties) versus 4,108 listings last month, a 7.67% increase in overall inventory levels.
Active Foreclosure Inventory Breakdown:
6 Lots and Acreages ...
Posted by Jason Neumann
on April 7, 2011
There are currently 104 active foreclosures (as of November 14,2010) amongst the entire listing inventory for the Central Okanagan. There are 4,307 current active listings reporting at this time including the 104 foreclosure properties.
Foreclosure Inventory breakdown:
8 Lots and Acreages (Ranging in value from $95,000 to $1.75 Million)
3 Manufactured ...
Posted by Jason Neumann
on November 15, 2010
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Posted by Jason Neumann
on October 12, 2010
There are currently 82 active foreclosures (as of August 11,2010) amongst the entire listing inventory for the Central Okanagan. There are 5125 current active listings reporting at this time including the 82 foreclosure properties.
The foreclosure inventory breakdown is as follows:
8 Lots and Acreages (Ranging in value from $95,000 to $1.75 Million)
1 Manufactured ...
Posted by Jason Neumann
on August 11, 2010
Current Active Central Okanagan MLS Listing Inventory as of June 22,2010:
Single Family Dwellings - 2354 properties including 8 pending offers ranging in value from $267,900 to $774,900
Strata - Condos - 1201 properties with 2 pending offers of $229,900 and $399,900 respectively
Strata - Townhomes - 563 properties with no ...
Posted by Jason Neumann
on June 23, 2010
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Posted by Jason Neumann
on June 21, 2010
There are currently 83 active foreclosures (as of May 24,2010) amongst the entire listing inventory for the Central Okanagan. That is a 36% increase in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
11 Lots and Acreages (Ranging in value from $39,500 to $1.75 Million)
0 Manufactured Homes currently ...
Posted by Jason Neumann
on May 8, 2010
There are currently 61 active foreclosures (as of April 21,2010) amongst the entire listing inventory for the Central Okanagan. That is a decrease of 3 properties in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
6 Lots and Acreages ($114,900 to $1.22 Million) with no pending sales
0 Manufactured ...
Posted by Jason Neumann
on April 21, 2010
There are now new rules for home buyers looking to qualify for high-ratio mortgages and/or investment properties. There seems to be a some misconceptions out there as to how these new rules affect buyers today. I recently spoke with Julie Weimer an RBC Mortage Specialist and she kindly provided me the following information:
Changes to the Rules for Government Insured Mortgages: ...
Posted by Jason Neumann
on April 3, 2010