Unique Properties & Power of Sales- Nov 2015
  
160K-HumberTownHouse
175K-WestonSheppardCondo
267K-Scugog
274K-Oshawa
342K-Brampton
367K-RichmondHillTownHouse
389K-KennedySheppardCondo
389K-WestonCommercial
403K-WestonCommercial
419K-KennedyTownHouse
425K-FinchTownHouse
429K-Danforth
456K-LibertyStrachanCondo
465K-Pickering
479K-Whitby
500K-Warden
519K-MeadowvaleSheppard
549K-Morningside
579K-Whitby
679K-Oakville
699K-MississaugaSemi
699K-YongeLawrence
738K-BramptonKennedyQueen
739K-Danforth
779K-Brampton
839K-Vaughn
869K-Mississauga
975K-Whitby10Acres
Thanks again to Toronto realtor Daniel MacQuarrie who diligently searches the MLS for unique properties as well as those listed as power of sales.
Note: These types of properties often require creative financing solutions. Pro-bono consults are available to qualified investors.
"AS IS"...Did You Know?
I'd like to address a common misconception about AS IS properties.
A realtor was told by his in-house mortgage broker when a home is listed AS IS, the banks won't touch it.
Is that categorically the case?
Fact is - It is NOT true, it usually just means that the inspection report might be required by the lender as well as an appraisal.
One exception is when there's a history of a drug lab or "grow op". In that case, one needs to know which lenders will accept these types of properties. It's also important to remember when obtaining a mortgage on these types of properties, lenders generally require a high down payment (think 30-35%) and often charge high interest rates.
Each situation like this is completely different, so it’s always advisable not to pre-judge properties.
Bottom line: With an AS-IS sale, you just need to know why it’s as-is, and proceed with a licensed, qualified, independant mortgage professional you know and trust.
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