I am starting to look for a new home, and am wondering how one would find foreclosure in Newfoundland.
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I thought everyone got free housing and free health care in the peoples republic of canada - why would there be a foreclosure?– TimOct 3, 2010 at 4:11
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As with everything else, we in Canada lag 5 years behind the USA. Our housing market is heading south now. An mls.ca specializing in foreclosures would be a great tool.– fideliOct 3, 2010 at 6:03
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Can you go negative on reputation points to offer that bounty?– JTP - Apologise to Monica ♦Oct 5, 2010 at 0:58
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@JoeTaxpayer my points are already taken from me...– RickOct 5, 2010 at 10:59
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1 Answer
The best way I've found to find foreclosures is to talk to a local real estate agent. They should be able to give you a list of bank owned properties. Unfortunately, I haven't found a good online source for foreclosures.
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Interesting, I never suspected that a real estate agent would have that info(I am new to the game) would foreclosures end up on mls listings then? Obviously they would not be advertised as foreclosures if they were– RickOct 4, 2010 at 16:53
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The real estate agent will have access to all the houses listed for sale. I recommend pursuing a house already for sale (already through and done with foreclosure). These are bank owned homes at this point. I recommend against buying a foreclosure from the court house because there is a lot of risk in what you are buying and a lot of uncertainty in knowing what other liens are on the property .– Alex BOct 4, 2010 at 16:55