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| paula0000 |
 Posted: Thu Feb 24, 2005 5:37 pm Post subject: Power of Sale |
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Investing Manager
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| Besides the fact that the house is trashed- is there anything particular I should be aware of when I consider putting an offer on a power of sale home? |
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| chop456 |
| Posted: Fri Feb 25, 2005 1:03 pm Post subject: |
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Investing Sr. Associate
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| I am not familiar with this term - power of sale? |
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| JoiseyFamily |
| Posted: Fri Feb 25, 2005 5:33 pm Post subject: |
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Investing Associate
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| Do you mean a foreclosure?? |
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| paula0000 |
| Posted: Sat Feb 26, 2005 3:04 am Post subject: |
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Investing Manager
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| Again, I keep forgetting that the terminology in Canada is defferent than the US terms. Yes, it's a bank forclosure. In Canada, homes taht are taken over by the bank and then put up for sale are called: "Power of Sale". They are usually sold as is. |
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| trixiezzz |
| Posted: Sat Feb 26, 2005 7:09 pm Post subject: |
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Investing Manager
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| Have you had a title search done and have you checked to see if there are any outstanding liens against the property? |
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