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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 November 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 11/01/2017 10:56:29 PM
6
image 1 of 20
52 Cookview Dr
Brampton Ontario L6R 3T6
$689,000 Sale
Brampton Northwest Sandalwood Parkway Peel 445-47-R
$4,800.00 / 2017
N
New
Pt Lt15 P143M 1563 Des Pt 29 Pl 43R28359

Semi-Detached2-Storey 19.13 x 90 Feet
W
7 + 1 3 + 1 42x4x2nd, 1x4xGround, 1x2xMain
Hwy 410/Sandalwood
W3950859
Vacant
1 Y Finished / Sep Entrance N
Forced Air / Gas
Central Air
Brick Private Built-In / 1.0 2 3 None
Municipal Sewers Unknown
#
Room
Level
Length (m)
Width (m)
Description
1
Living
Main
4.18
x
5.82
Hardwood Floor
Combined W/Dining
2
Dining
Main
2.62
x
4.18
Hardwood Floor
Combined W/Living
3
Kitchen
Main
2.17
x
4.34
Ceramic Floor
4
Family
2nd
2.99
x
3.66
Hardwood Floor
5
Master
2nd
3.44
x
5.97
Broadloom
5 Pc Ensuite
Large Closet
6
2nd Br
2nd
2.74
x
3.69
Broadloom
7
3rd Br
2nd
2.74
x
3.29
Broadloom
8
Rec
Bsmt
Broadloom
9
Bathroom
Bsmt
4 Pc Bath
New Semi-Detached Home In A Great Location. 9 Feet Ceiling On Main Level. 3+1 Bedrooms With 4 Baths. Finished Basement With 4 Pc Washroom . Separate Entrance To Basement Through Garage. Open. Open Concept Living And Dining Room. Upgraded Kitchen With Granite Top. Hardwood Floors On Main Floor And Second Floor Family Room. Oak Staircase. Walk To Schools. Close To Trinity Mall, Hwy 410 & Place To Worship.
RE/MAX REALTY ONE INC., BROKERAGE  905-277-0771  905-277-0086

These are the latest POS properties shown by Mark Argentino from RE/MAX Realty Specialists Inc. as of September 13, 2017

Prepared by: A. MARK ARGENTINO, Broker
RE/MAX REALTY SPECIALISTS INC., BROKERAGE
2691 Credit Valley Road, Mississauga, ON L5M7A1905-828-3434
Printed on 09/13/2017 8:53:55 AM
2
image
105 Hansen Rd 50
Brampton Ontario L6V3C9
$418,000 Sale
Brampton Madoc Peel 445-45-U
N
$2,245.00 / 2017
Pc

Condo Townhouse2-Storey pcc / 125
1 50
6 3 22x4
Queen/Hansen Rd
W3895334
Tba
1 N Part Fin N
Forced Air / Gas
31-50 1200-1399 Previous Listing N
Unknown
Restrict None $433.35 Central Air
 
N  Y
N  N
Y  N
Y  Y
None
Y  Lower
Brick Built-In / 1.0 Private Owned
1  2
Y
#
Room
Level
Length (m)
Width (m)
Description
1
Living
Main
6.15
x
3.33
W/O To Deck
2
Dining
Main
2.80
x
2.75
3
Kitchen
Main
3.26
x
2.44
4
Master
2nd
4.36
x
3.90
5
Br
2nd
3.64
x
3.00
6
Br
2nd
3.66
x
2.92
7
Rec
Lower
4.36
x
3.16
Great Starter Home, Convenient Location Walk To Transit, Shopping, Schools. Spacious Open Concept Unit. Living + Dining Combination. Family Size Kitchen With Walkout To Deck & Fenced Yard. 3 Good Size Bedrooms, Finished Rec Room + 4 Piece Bathroom. Please Note That Furnace Is A Rental, Buyer To Assume Rental Contract $56.49 Includes Hst

These listings below are the latest POS properties from RRSI

POS properties by RRSI 2017 listings

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 November 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 3.20%
2 Yr closed 3.04%
3 Yr closed 3.23%
4 Yr closed 3.32%
5 Yr closed 3.41%
5 Yr Variable 3.22%
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 3.20%
2 Yr closed 3.04%
3 Yr closed 3.23%
4 Yr closed 3.32%
5 Yr closed 3.41%
5 Yr Variable 3.22%
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: Wednesday, November 1, 2017 11:01 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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