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Power of Sale Properties InformationThese are the POS properties shown in my daily POS Newsletter email to you that are from our own RE/MAX Realty Specialists Inc. in-house listings. 

You may wish to see all POS listed by all other brokers here

If you see anything below that you would like to see inside,
Thank you, Mark

Power of Sale , Foreclosure and Bank Sale Properties Page

The most current Power of Sales and Bank Sales listings for Toronto, Mississauga and the west GTA can be found below :

 Example of a Luxury Power of Sale Property   Example of a Rural Power of Sale Property  Example of a Mississauga Luxury Property Forecosure Property for Sale   Another type of Power of Sale Property along Mississauga Road in the GTA
You will find that there are many types of the power of sale and foreclosure homes in Mississauga and surrounding areas.  The homes pictured above are similar to many home styles that you will find here in Mississauga and just outside of the GTA.  Let me show you how you can find these types of Power of Sale homes and show you how you can afford to move up to your dream home.  Please email me at info@mississauga4sale.com  Or, you may use this form to sign up to my POS newsletter.


 

If you see anything below that you would like to see inside, thank you, Mark

These are the latest POS properties shown by Mark Argentino from RE/MAX Realty Specialists Inc. as of June 1, 2017

Prepared by: A. MARK ARGENTINO, Broker
RE/MAX REALTY SPECIALISTS INC., BROKERAGE
2691 Credit Valley Road, Mississauga, ON L5M7A1905-828-3434
Printed on 06/01/2017 5:02:48 PM
1
330 Rathburn Rd 708
Mississauga Ontario L5B3Y1
$479,900 Sale
Mississauga City Centre Peel 465-40-K
N
$2,350.00 / 2016
New

Condo AptApartment PCP / 417
7 18
5 2 21x3xMain, 1x4xMain
Sw Of Confederation & Rathburn
W3814978
Immed/Tba
1 Y None N
Forced Air / Gas
1200-1399 Previous Listings Se
Unknown
Restrict None $859.00 Central Air
 
N  Y
Y  Y
Y  Y
Y  Y
Open
Y  Main
Brick Undergrnd / 2.0 Other Owned / Owned
2  2 188  189
Level A / Level A Y
#
Room
Level
Length (m)
Width (m)
Description
1
Living
Main
6.00
x
5.50
Open Concept
Laminate
2
Dining
Main
5.80
x
3.00
Open Concept
Laminate
3
Kitchen
Main
4.54
x
2.43
Open Concept
4
Master
Main
4.50
x
3.16
Laminate
4 Pc Ensuite
W/I Closet
5
2nd Br
Main
4.28
x
3.00
Laminate
3 Pc Ensuite
Great Open Concept 1200 (Approx) Sq Ft. Condo With 2 B/R Each With Ensuite Washrooms. Renovated Condo Unit And Renovated Building - 2 Parking Spaces Pictures Coming Soon....

 

These are the latest POS properties shown by Mark Argentino from RE/MAX Realty Specialists Inc. as of June 1, 2017  

Prepared by: A. MARK ARGENTINO, Broker
RE/MAX REALTY SPECIALISTS INC., BROKERAGE
2691 Credit Valley Road, Mississauga, ON L5M7A1905-828-3434
Printed on 04/30/2017 5:58:10 PM
1
35 Kingsbridge Garden Circ 601
Mississauga Ontario L5R3Z5
$349,900 Sale
Mississauga Hurontario Peel 466-41-J
N
$2,159.64 / 2017
Pc

Condo AptApartment PCC / 635
6 01
4 1 11x4
Hurontario/Eglinton
W3749499
Tbd
1 N None N
Forced Air / Gas
700-799 Mpac W
Unknown
Restrict Owned $0.00 Central Air
 
N  Y
Y  Y
N  Y
Y  Y
Open
Y 
Concrete Undergrnd / 2.0 Undergrnd Owned / Owned
2  264  266
Y Bbqs Allowed, Concierge, Exercise Room, Indoor Pool, Party/Meeting Room, Rooftop Deck/Garden Library, Park, Place Of Worship, Public Transit, School
#
Room
Level
Length (m)
Width (m)
Description
1
Living
Flat
6.68
x
3.36
Hardwood Floor
Combined W/Dining
W/O To Balcony
2
Dining
Flat
6.68
x
3.36
Hardwood Floor
Combined W/Living
Open Concept
3
Kitchen
Flat
3.91
x
2.22
Ceramic Floor
Backsplash
4
Master
Flat
4.95
x
3.65
Broadloom
Mirrored Closet
W/I Closet
Rare Opportunity To Own A Luxurious Suite At The Skymark West By Tridel. Desirable O/Concept Layout With W/O To Sunny Balcony. Largest 1 Bdrm Unit In Bldg! Bright & Spacious (Over 700Sqft) Unit. Convenient Location-Steps To Public Transit, Banks, Grocery Stores, Restaurants, Mins To Hwy 403/1/10, Sq 1, Civic Ctr. Million $ Clubhouse Facilities:M Indoor Pool, Sauna, Gym , Bowling, Golf, Tennis, Rec & Party Rm, Guest Suites, Rooftop Garden, 24Hrs Concierge. Fridge, Stove, Built-In Dishwasher, Washer, Dryer, All Electrical Light Fixtures.

 


These are the latest POS properties shown by Mark Argentino from RE/MAX Realty Specialists Inc. as of March 9 2017
Prepared by: A. MARK ARGENTINO, Broker
RE/MAX REALTY SPECIALISTS INC., BROKERAGE
2691 Credit Valley Road, Mississauga, ON L5M7A1905-828-3434
Printed on 03/08/2017 9:48:43 AM
1
image 1 of 20
26 Kippen Crt
Brampton Ontario L6R0P7
$924,000 Sale
Brampton Sandringham-Wellington Peel 446-50-Q
$6,740.00 / 2016
N
New
Lot 277, Plan43M1731,S/T Easement For Entry***

Detached2-Storey 40.45 x 0 Feet Irregular
S
10 + 2 4 41x2xMain, 1x4x2nd, 2x5x2nd
Sunny Meadow & Sandalwood
W3723417
14 Days/T.B.A.
1 Y Fin W/O Y
Forced Air / Gas
Central Air Main
Brick Pvt Double Attached / 2.0 4 None
Cul De Sac, Ravine
Municipal Sewers Unknown
#
Room
Level
Length (m)
Width (m)
Description
1
Kitchen
Main
4.57
x
2.87
Ceramic Floor
Granite Counter
Backsplash
2
Breakfast
Main
4.54
x
3.40
Ceramic Floor
W/O To Deck
3
Living
Main
5.44
x
3.91
Hardwood Floor
Combined W/Dining
Coffered Ceiling
4
Dining
Main
5.44
x
3.91
Hardwood Floor
Combined W/Living
Coffered Ceiling
5
Family
Main
5.46
x
3.58
Hardwood Floor
Fireplace
6
Office
Main
3.60
x
3.05
Hardwood Floor
Picture Window
Double Doors
7
Master
2nd
5.79
x
4.57
Hardwood Floor
5 Pc Ensuite
His/Hers Closets
8
2nd Br
2nd
3.91
x
3.33
Hardwood Floor
Semi Ensuite
Closet
9
3rd Br
2nd
3.91
x
3.35
Hidden Lights
Semi Ensuite
Closet
10
4th Br
2nd
4.26
x
3.61
Hardwood Floor
4 Pc Ensuite
Closet
11
Rec
Bsmt
6.09
x
3.38
Hardwood Floor
12
Games
Bsmt
5.79
x
4.26
Hardwood Floor
Fireplace
W/O To Yard
****Power Of Sale**** Vacant And Easy To Show. Stunning Executive Brick 2 Storey, 4 Bedroom Home Located On A Quiet Court. Property Backs On To Ravine. Walk Out From Breakfast Room To A Raised Wood Deck. Master Suite With His/Hers Walk In Closets And A 5 Piece Ensuite. Main Floor Family Room With Fireplace And 11 Foot Ceiling. Main Floor Laundry Room. Direct Access From House To Double Garage. Full Finished Basement With Walk Out At Grade Level. Great Location. Close To All Amenities. Seller And Broker Do Not Warrant The Retrofit Status Of The Basement. All Taxes, Dimensions And Description To Be Verified By The Purchaser. *** Legal Desc. Continues: ***As In Pr1223624, Brampton
CENTURY 21 FINE LIVING REALTY INC., BROKERAGE  416-849-2121  416-902-0101

 

These listings below are the latest POS properties from RRSI

POS properties by RRSI April 14 to Dec 30 2015

POS properties by RRSI April 14 to Dec 30 2015

POS properties by RRSI only up to April 14 2015

POS properties by RRSI up to June 1, 2017

Power of sales up to January 4, 2013

Power of sales up to October 24 2012

Power of sale listing from late 2011 to April of 2012

Power of sale listings from RRSI 2011 only

Power-of-Sale-Listings-right-column-Jan2-2011-to-May-26-2011

Power-of-Sale-Listings-right-columnOct5-2010-Jan2-2011

Power-of-Sale-Listings-right-columnNovember2008-Jan25-2009

Power-of-Sale-Listings-right-column-up-to-Sept-2010

Power-of-Sale-Listings-right-column-November

Power-of-Sale-Listings-right-column-March28-April23

Power-of-Sale-Listings-right-column-Feb-2009

pos listings up to September 2010 from RRSI

pos listings from RRSI in previous months

see the POS from last month

Today's Mortgage Interest Rates

Today's Mortgage Rates
TermRate
1 Yr closed 2.99%
2 Yr closed 2.84%
3 Yr closed 3.39%
4 Yr closed 3.89%
5 Yr closed 4.64%
5 Yr Variable 2.30%
See Best Rates

In order to receive daily power of sales and bank sales listings, please fill out the form further below.

Power of Sale and Tax Sale properties - questions and answers

Power of Sale and Tax Sale properties - questions and answers

You may want power of sale properties from Toronto, Oakville, Brampton, Burlington, Georgetown, Milton, Etobicoke and other areas such as Aurora, Newmarket, Barrie and others.  Please send me an email request and I will sign you up to receive those listings too.

Use the form below and you will receive your FREE list of all the Power Of Sale | Estate Sale | Fixer Upper properties from ALL the Real Estate Companies across the GTA matching your specific criteria - You may for More Information & Save Thousands of Dollars.  Receive ALL New Listings That Match Your Home Buying Criteria e-mailed to you free of Charge.
If you get these notices first you will be the first to see the property, before most other buyers. We are then able to help you negotiate the lowest possible price when you purchase through us!

 

Power of Sales, Foreclosures and Bank Sales Alert for Toronto and GTA properties

Would you like to receive the newly listed residential Power of Sales or Bank sales or Foreclosures in the Toronto and GTA areas?  This would include new power of sale and bank sale listings as they are added to the MLS database system.  You may fill in the fields below and click "Sign Me Up!"   Due to very popular demand, this service expires in 90 days from your submission date and must be resubmitted.  What is a power of sale property?
Your Email: (Required)
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Price Range you would like me to search for you

The process of researching and sending you the requested listings from the form above takes time.  It takes even more time to sift through the emails to see who signed up to receive my newsletter.  Thus, by submitting this form you are also agreeing to sign up to my newsletter.  It could be worse!   You can always unsubscribe after you receive your first issue.  Privacy Policy  You may read the latest issue of my On-Line Real Estate Newsletter before you decide.
Yes, I agree to the above I would have signed up anyway Yes, I agree, but I would prefer not to sign up.
Agents and Realtors beware

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Thank you and have a great day!

What is a Power of Sale Property?

In Ontario when a borrower defaults on a home mortgage, the bank/lender most often attempts to recover its losses by selling the property using the Power of Sale clause contained in the mortgage.  Due to legal fees, foregone interest and other property expenses, the estimated losses to the bank for Power of Sale properties can range from 10 percent to 30 percent of the outstanding loan balances.  There are other variables that can affect the losses or costs when a property is sold via power of sale such as the deterioration of the property and the time it takes to process the paperwork.

Definition of Power of Sale:  A clause commonly inserted in a mortgage and deed of trust that grants the creditor or trustee the right and authority, upon default in the payment of the debt, to advertise and sell the property through any means at it's disposal, usually MLS in Ontario or at public auction, without resorting to a court for authorization to do so.

Once the creditor is paid out of the net proceeds, the property is transferred by deed to the purchaser, and the surplus, if any, is returned to the debtor.  The debtor is thereby completely divested of any interest in the property and has no subsequent Right of Redemption (recovery of property by paying the mortgage debt in full).

You will often see advertisements about Court Auctions, Pre-Foreclosures, Homeowners in Bankruptcy, HUD Homes, VA Homes, Government homes and similar sounding wording.  In my experience, some of these types of investment property opportunities come out of the US and are not as common here in Ontario.  In our trading area, most of the POS, Tax Sale properties or foreclosure properties are put on the MLS.  The reason for this is that our provincial laws are very strict about the procedure and marketing of a power of sale property and the company or person who is initiating the power of sale must do their best to obtain what is called TRUE market value as opposed to fair market value for the property, otherwise if the property is sold too far under TRUE market value, the owner could sue them for the difference.

 

 

The two tables below show Current Mortgage Rates of two major lenders in Canada, please check with their website to confirm current mortgage interest rate

Today's Mortgage Rates
TermRate
1 Yr closed 2.99%
2 Yr closed 2.84%
3 Yr closed 3.39%
4 Yr closed 3.89%
5 Yr closed 4.64%
5 Yr Variable 2.30%
See Best Rates

(Some area restrictions may apply)
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Read more about obtaining power of sale and bank sale information for Toronto and the GTA

Power of Sale and Tax Sale properties - questions and answers

Ontario Tax Sale Properties

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Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale  | All Pages including Mississauga Real Estate Blog all maintained by info@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  Google  First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Sunday, July 16, 2017 8:45 AM
At this Mississauga, (Erin Mills, Churchill Meadows, Sawmill Valley, Credit Mills and - or Meadowvale ) Ontario, Canada Real Estate Homes and Property Internet web site you will find relevant information to help you and your family.


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