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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 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 are the latest POS properties shown by Mark Argentino from RE/MAX Realty Specialists Inc. as of February 25, 2017

 

 

Prepared by: A. MARK ARGENTINO, Broker
RE/MAX REALTY SPECIALISTS INC., BROKERAGE
2691 Credit Valley Road, Mississauga, ON L5M7A1905-828-3434
Printed on 02/25/2017 8:34:13 AM
1
image 1 of 10
1317 Bonnie Crt
Burlington Ontario L7R5A2
$662,900 Sale
Burlington Freeman Halton 475-9-S
$3,266.00 / 2016
N
Pc
Lot 1, Plan 20M770, Burlington, T/W Ease 817631**

Detached2-Storey 38.02 x 123.85 Feet
S < .49
9 3 21x2xGround, 1x4x2nd
Glendon Ave & Leighland Rd
W3689616
Immediate
1 N Full / Unfinished N
Forced Air / Gas
Central Air 16-30 1500-2000
Brick Private Attached / 1.0 2 None
Fenced Yard, Park, Public Transit
Municipal Sewers Unknown
#
Room
Level
Length (m)
Width (m)
Description
1
Kitchen
Ground
3.15
x
3.15
2
Dining
Ground
2.92
x
2.87
Hardwood Floor
3
Living
Ground
3.86
x
6.02
Hardwood Floor
4
Master
2nd
4.52
x
6.25
W/I Closet
5
Br
2nd
4.80
x
3.02
6
Br
2nd
3.05
x
3.20
This Carpet Free Detached Home Has A Very Functional Layout And Is Available For Quick Possession. On The 1st Floor You Will Find Hardwood And Ceramic Throughout, A Large Kitchen, Powder Room And A Spacious Living Area With Walkout To The Stone Patio, In The Fully Fenced Backyard. On The 2nd Floor You Will Find 3 Generous Bdrms Inc. A Huge Master With A Large Walk-In Closet, And A Great Washroom With Corner Soaker Tub And Ensuite Privileges. Located On A Cul-De-Dac In Central Burlington. Easy Access To Transit, Shopping And Highways.
RE/MAX PROFESSIONALS INC., BROKERAGE  416-236-1241  416-231-0563

These are the latest POS properties shown by Mark Argentino from RE/MAX Realty Specialists Inc. as of February 5, 2017 

 

Prepared by: A. MARK ARGENTINO, Broker
RE/MAX REALTY SPECIALISTS INC., BROKERAGE
2691 Credit Valley Road, Mississauga, ON L5M7A1905-828-3434
Printed on 02/05/2017 10:36:05 AM
3
image 1 of 18
4900 Glen Erin Dr 1103
Mississauga Ontario L5M7S2
$372,900 Sale
Mississauga Central Erin Mills Peel 458-35-E
N
$3,100.00 / 2017
Sc

Condo AptApartment PSCP / 943
11 03
5 2 21x4xMain, 1x4xMain
Eglinton/Glen Erin
W3698490
Immed/Tba
1 N None N
Forced Air / Gas
0-5 800-899 895 Ne
Unknown
Restrict None $581.00 Central Air
 
N  Y
Y  N
N  Y
Y  Y
Open
Y  Main
Concrete Undergrnd / 1.0 Undergrnd Owned
1  64
Y Concierge, Indoor Pool, Party/Meeting Room, Security System, Visitor Parking Hospital, Park, Place Of Worship, Public Transit, Rec Centre
#
Room
Level
Length (m)
Width (m)
Description
1
Kitchen
Main
4.30
x
3.10
W/O To Balcony
Tile Floor
B/I Appliances
2
Living
Main
6.40
x
3.00
Combined W/Dining
Laminate
Picture Window
3
Dining
Main
6.40
x
3.00
Combined W/Living
Laminate
Picture Window
4
Master
Main
3.80
x
3.50
4 Pc Ensuite
Closet
Broadloom
5
2nd Br
Main
3.70
x
3.40
Closet
Broadloom
Picture Window
Bright Spacious Corner Unit. Two Bedrooms Two Baths, Parking, Locker, Eat-In Kitchen With Walkout Balcony. East And North East Views. Fridge, Stove, Dishwasher,Washer, Dryer.

 


These are the latest POS properties shown by Mark Argentino from RE/MAX Realty Specialists Inc. as of January 22, 2017

Prepared by: A. MARK ARGENTINO, Broker
RE/MAX REALTY SPECIALISTS INC., BROKERAGE
2691 Credit Valley Road, Mississauga, ON L5M7A1905-828-3434
Printed on 01/22/2017 8:50:52 AM
3
image1 of 10
1317 Bonnie Crt
Burlington Ontario L7R5A2
$692,900 Sale
Burlington Freeman Halton 475-9-S
$3,266.00 / 2016
N
New
Lot 1, Plan 20M770, Burlington, T/W Ease 817631**

Detached2-Storey 38.02 x 123.85 Feet
S < .49
9 3 21x2xGround, 1x4x2nd
Glendon Ave & Leighland Rd
W3689616
Immediate
1 N Full / Unfinished N
Forced Air / Gas
Central Air 16-30 1500-2000
Brick Private Attached / 1.0 2 None
Fenced Yard, Park, Public Transit
Municipal Sewers Unknown
#
Room
Level
Length (m)
Width (m)
Description
1
Kitchen
Ground
3.15
x
3.15
2
Dining
Ground
2.92
x
2.87
Hardwood Floor
3
Living
Ground
3.86
x
6.02
Hardwood Floor
4
Master
2nd
4.52
x
6.25
W/I Closet
5
Br
2nd
4.80
x
3.02
6
Br
2nd
3.05
x
3.20
This Carpet Free Detached Home Has A Very Functional Layout And Is Available For Quick Possession. On The 1st Floor You Will Find Hardwood And Ceramic Throughout, A Large Kitchen, Powder Room And A Spacious Living Area With Walkout To The Stone Patio, In The Fully Fenced Backyard. On The 2nd Floor You Will Find 3 Generous Bdrms Inc. A Huge Master With A Large Walk-In Closet, And A Great Washroom With Corner Soaker Tub And Ensuite Privileges. Located On A Cul-De-Dac In Central Burlington. Easy Access To Transit, Shopping And Highways.
RE/MAX PROFESSIONALS INC., BROKERAGE  416-236-1241  416-231-0563

 


These are the latest POS properties shown by Mark Argentino from RE/MAX Realty Specialists Inc. as of November 23, 2016

Prepared by: A. MARK ARGENTINO, Broker
RE/MAX REALTY SPECIALISTS INC., BROKERAGE
2691 Credit Valley Road, Mississauga, ON L5M7A1905-828-3434
Printed on 11/23/2016 9:48:58 AM
1
image 1 of 20
1055 Shawnmarr Rd 191
Mississauga Ontario L5H3V2
$500,000 Sale
Mississauga Port Credit Peel 478-39-R
N
$2,701.73 / 2016
New

Condo Townhouse2-Storey PCC / 182
01 191
6 + 1 3 11x4x2nd
Lakeshore Rd (West Of Miss.Rd)
W3654812
Immediate
191820019
1 N Sep Entrance / Unfinished N
Forced Air / Gas
31-50 1200-1399 Custom Floor Plan N
Unknown
Restrict Owned $365.00 Central Air N No
N  N
N  Y
N  N
Y  N
Y  Y
N N
None
Y  Lower
Alum Siding / Brick Undergrnd / 2.0 Undergrnd Exclusive / Exclusive
2  #191  #191
Y Visitor Parking Clear View, Public Transit, School
#
Room
Level
Length (m)
Width (m)
Description
1
Living
Ground
6.04
x
3.45
W/O To Patio
Open Concept
Laminate
2
Dining
Ground
3.55
x
2.84
Combined W/Living
Laminate
3
Kitchen
Ground
3.55
x
2.43
Renovated
Window
4
Master
2nd
5.02
x
2.89
Double Closet
Window
Broadloom
5
2nd Br
2nd
3.15
x
4.01
4 Pc Bath
Closet
Broadloom
6
3rd Br
2nd
2.84
x
2.89
Closet
Window
Broadloom
7
Rec
Bsmt
Unfinished
Open Concept
W/O To Garage
"Power Of Sale" In Port Credit Village, Steps From Lakeside Parkland. Short Distance To Go Train, Shops/Restaurants. Newly Renovated & Not Lived-In. Brand New White Kitchen With Stainless Steel Fridge & Brand New Stove/Dishwasher. New Wood Floors On Main Floor, Professionally Painted In Neutral Colors, New Broadloom In Bdrms & Stairs. Updated Bathroom. Gorgeous Townhome, 1255 Sq.Ft. Private & Fenced In Courtyard Washer & Dryer, 3 Kitchen Appliances. Direct Entrance From Basement To 2-Underground Parking Spaces, Updated Thermal Windows. Brand New Electrical Panel With Circuit Breakers. New Furnace Motor Blower Just Installed. No Window Coverings

 


These are the latest POS properties shown by Mark Argentino from RE/MAX Realty Specialists Inc. as of September 7, 2016 - these listings below are very likely all sold by today's date

 

1 of 20
34 Castlegate Blvd
Brampton
 
Ontario
 
L6P2L3
List:$829,000
For:Sale
Brampton
 
Brampton East
 
Peel
SPIS:N
Taxes:$7,014.00
/
2015
DOM:26

Detached
2-Storey
Front On:S
Acre:< .49
Rms:9
Bedrooms:4
Washrooms:4
1x5x2nd, 2x4x2nd, 1x2xMain
Lot:54.99 x 85.3 Feet
Irreg:
Dir/Cross St:Castlemore/Mcvean
MLS#:W3460127
Contract Date:4/05/2016
Possession:Tbd
PIN#:
Kitchens:1
Fam Rm:Y
Basement:Full
Fireplace/Stv:Y
Heat:Forced Air / Gas
A/C:Central Air
Central Vac:
Apx Age:6-15
Apx Sqft:3500-5000
Assessment:
Addl Mo Fee:
Elevator/Lift:
Laundry Lev:Main
Phys Hdcap-Eqp:
Exterior:Brick
Drive:Pvt Double
Garage:Attached / 2
Park Spaces:2
UFFI:
Pool:None
Energy Cert:
Cert Level:
GreenPIS:
Prop Feat:
Zoning:
Cable TV:Y
Hydro:Y
Gas:Y
Phone:
Water:Municipal
Water Supply:
Sewer:Sewers
Spec Desig:Unknown
Farm/Agr:
Waterfront:None
Retirement:
Oth Struct:
 
#
Room
Level
Length (m)
 
Width (m)
Description
 
1
Kitchen
Main
3.96
x
3.96
Ceramic Floor
B/I Appliances
 
2
Breakfast
Main
3.96
x
4.57
Ceramic Floor
W/O To Patio
 
3
Dining
Main
4.27
x
3.96
Hardwood Floor
 
4
Great Rm
Main
5.64
x
3.96
Hardwood Floor
Gas Fireplace
 
5
Living
Main
3.96
x
3.66
Hardwood Floor
Cathedral Ceiling
 
6
Master
2nd
5.08
x
6.2
Hardwood Floor
5 Pc Ensuite
 
7
Br
2nd
5.59
x
3.56
Hardwood Floor
4 Pc Ensuite
 
8
Br
2nd
3.86
x
4.88
Broadloom
Semi Ensuite
 
9
Br
2nd
3.86
x
4.88
Broadloom
Client Remks:This Immaculate Home Boasts A Grand Entrance With Open Living Room To Up Above. Large Eat In Kitchen With Built In Appliances, And Large Central Island For All Your Entertaining. Formal Dining Area And Great Room Off The Kitchen. Lots Of Upgrades Including Hardwood Through Most Of The Home. Upstairs There Are 4 Large Bedrooms 2 With Ensuites. There Is Over 3500 Sq Ft. Plenty Of Room For Your Family
Extras:Interboard Listing: Muskoka Haliburton Orillia - The Lakelands Association Of Realtors?**705-788-7504** Property Is Being Sold "As Is" Under Power Of Sale. Please Allow Min 24 Hours Notice For Showings.

Listing Contracted With:NON-TREB BOARD OFFICE, BROKERAGE
Ph:705-325-1366

 

These listings below are the latest POS properties from RRSI

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 March 9, 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 closed3.14%
2 Yr closed 2.99%
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)
Your Name: (Required)

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

You will receive a very fast answer from Mark
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 closed3.14%
2 Yr closed 2.99%
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: Tuesday, March 14, 2017 8:51 PM
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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