Above is a list of foreclosures in the Lower Mainland.There are some great deals to be had for either your own home or as a rental property. Check them out at the links above.
The main risk of purchasing a foreclosure property, is that it is purchased on an “as is, where is” basis. Sometimes fixtures such as lights, faucets and cabinets may have been removed from the property or are damaged. The property is often left unclean with unwanted trash and items left behind.
You must do your due diligence even more so when buying these properties.There is usually a good reason that a foreclosure is not selling ... but occasionally (once you identify the issues) you can turn these lemons into your personal "little gold mines!"
