April Court-Ordered Sale & Foreclosures
  
April 2017 Detached Foreclosures $1,000,000 - $2,000,000
April 2017 Detached Foreclosures $0 - $500K
April 2017 Detached Foreclosures $2,000,000 plus
April 2017 Detached Foreclosures $500K - $1,000,000
April 2017 Attached Foreclosures $500K - $1,000,000
April 2017 Attached Foreclosures $0 - $250K
April 2017 Attached Foreclosures $250K - $500K
April 2017 Commercial Foreclosures
Here's April's list. Commercial foreclosure lists was very interesting. Looks like large land deals going wrong.
Looking For Investors For Second Mortgages
I have clients that NEED second mortgages from time to time. Instead of farming this out, I'd like to pass this along to my clients.
You can lend this money out via RRSP's, line of credits, cash etc.
Rates are in the 10% to 12% range on average.
Mortgage amount is usually $50k minimum. I've personally never seen anything lower (as of yet).
Email me back and I will add you to my second mortgage investor list.
When ever I get a second mortgage deal, I will email out the details.
The Problem With A $2,000,000 Mortgage For Your Principal Residence
For people on the West Side, West Van and parts of North Van, having a $2,000,000 mortgage is almost normal.
Generally speaking it's "easy" to get a $2,000,000 mortgage for their principal residence. There are self employed equity programs that can address these types of mortgage amounts.
The problems occur when they want to purchase a $1,000,000 rental or in some situations $3,000,000 rentals......now that I'm thinking about it, I had one client purchase a $4,000,000 rental last year.
The problem is they have to qualify not only for the new $1,000,000/$2,000,000/$4,000,000 rental, but also re qualify for their current $2,000,000 mortgage.
In 90% of the situations, this kills the deal instantly.
Is there a way around this?
Yes and it all comes down to planning your financials around the exact property types you want to purchase.
Who can do this?
People who own businesses and run everything through corporations.
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