Busy Spring, Hot and Smoking Summer of '17

Scott Harriman - Commercial and Residential Mortgage Broker

Simply Commercial Mortgage Architects

Mortgages@ScottHarrimanMortgages.com
(250) 565-4969 / 1 (604) 328-5004
http://www.scottharrimanmortgages.com

Scott - Facebook Scott - Linkedin

August 2017 - List of foreclosures

 

Abbotsford Detached
Burnaby Detached
Cloverdale Detached
Langley Detached
Maple Ridge Detached
North Delta Detached
Surrey Detached
South Surrey White Rock Detached
Vancouver East Detached
Vacnouver West Detached
Abbotsford Attached
Burnaby Attached
Coquitlam Attached
Langley Attached
Port Coquitlam Attached
Richmond Attached
Surrey Attached
Vancouver West Attached
Victoria BC June Foreclosures

Here is this month's list of foreclosures! 



July 2017 Commercial properties

 

July 2017 - Agri Business - BC Wide
July 2017 - Multifamily - BC Wide
July 2017 - Business w Property - BC wide

Here is a list of this months Commercial properties, lots of different opportunities available. 



Buyer Who Walked Away From Real Estate Deal Pays $360,000

 

1. BC buyer
2. May 2016 - No Subject Offer Made @ $1.26 milion
3. August 2 - 15% Foreign tax put in place with 1 weeks notice
4. Market drastically changes
5. Buyer thinks he can walk away
6. Supposed to close for Sept 1
7. Does not close
8. House is eventually solved for $910,000 to another buyer
9. Loss of $350,000
10. Law suit put into place
11. Buyer does not respond to law suit
12. $360,000 judgement given to seller

News Story:
http://www.cbc.ca/beta/news/canada/british-columbia/buyer-who-walked-away-from-real-estate-deal-ordered-to-pay-360k-1.4232844

Court Document: 
http://www.courts.gov.bc.ca/jdb-txt/sc/17/13/2017BCSC1361.htm



Back in the Real Estate Ownership Club

A year ago in April, Cathy and I sold our Surrey Town-home and rented for a while to see where the wind would take us. I had just opened an office in Prince George, with the object to get a home closer to one of our children, both of whom do not live in the Lower Mainland and (neither will they be coming back). 

Cathy remained working with her awesome employer in Surrey. We set up our "southern home" in South Surrey which is close to her workplace and I ventured up to the middle of the province and settled in a rental apartment in downtown Prince George. The funds we had left languished in a GIC for almost a year. 

Our mindset moved toward owning again, partly to help provide decent accommodation for C's elderly father, so a house with a basement suite seemed like a workable deal. I engaged one of the realtors I work beside and looked at the new listing sheets as they came out. We tripped over a recently updated bungalow in an acceptable neighborhood and made an offer. 

Now we are near the finish line to have the suite built and my Father-in-law can move in and I secured some excellent tenants who needed a home in a short period of time and were able to move in on the first of August. We closed on the 15th without a tenant in play. 

Here is the video I made to attract tenants. 



Are you Self-Employed? Incorporated? You need to read about Proposed Tax Reform

 

Federal Finance Minister, Bill Morneau has proposed significant changes to the tax structure for self-employed Canadians. Depending on your math, there could be up to a 700% tax increase for hard-working Canadian entrepreneurs. Read this article 

This change affects many different people across the country; building contractors, taxi owners, convenience store owners, doctors, lawyers, accountants, realtors, brokers, etc. This is a wide sweeping change to how business is conducted. Employees of these businesses will be caught in the cross-fire and many of these business will just close.  

Talk to your association reps, complain to your MP, make your voice heard!



A Man and his Fork

Man and a Fork

There was a young man who had been diagnosed with a terminal illness and had been given three months to live. So as he was getting his things 'in order,' he contacted his Priest and had him come to his house to discuss certain aspects of his final wishes.

He told him which songs he wanted sung at the service, what scriptures he would like read, and what outfit he wanted to be buried in.

Everything was in order and the Priest was preparing to leave when the young man suddenly remembered something very important to him.

'There's one more thing,' he said excitedly..

'What's that?' came the Priest's reply.

'This is very important,' the young man continued.

'I want to be buried with a fork in my right hand.'

The Priest stood looking at the young man, not knowing quite what to say.

That surprises you, doesn't it?' the young man asked.

'Well, to be honest, I'm puzzled by the request,' said the Priest.

The young man explained. 'My grandmother once told me this story, and from that time on I have always tried to pass along its message to those I love and those who are in need of encouragement.

In all my years of attending socials and dinners, I always remember that when the dishes of the main course were being cleared, someone would inevitably lean over and say, 'Keep your fork.

' It was my favorite part because I knew that something better was coming ... like velvety chocolate cake or deep-dish apple pie.

Something wonderful, and with substance!'

So, I just want people to see me there in that casket with a fork in my hand and I want them to wonder 'What's with the fork?'

Then I want you to tell them:
'Keep your fork ... the best is yet to come.'

The Priest's eyes welled up with tears of joy as he hugged the young man good-bye. He knew this would be one of the last times he would see him before his death.

But he also knew that the young man had a better grasp of heaven than he did He had a better grasp of what heaven would be like than many people twice his age, with twice as much experience and knowledge.

He KNEW that something better was coming.

At the funeral people were walking by the young man's casket and they saw the suit he was wearing and the fork placed in his right hand. Over and over, the Priest heard the question, 'What's with the fork?' And over and over he smiled.

During his message, the Priest told the people of the conversation he had with the young man shortly before he died. He also told them about the fork and about what it symbolized to him.

He told the people how he could not stop thinking about the fork and told them that they probably would not be able to stop thinking about it either.

He was right. So the next time you reach down for your fork let it remind you, ever so gently, that the best is yet to come.

Friends are a very rare jewel, indeed.
They make you smile and encourage you to succeed.

Cherish the time you have, and the memories you share. Being friends with someone is not an opportunity, but a sweet responsibility.

Send this to everyone you consider a FRIEND... and I'll bet this will be an Email they do remember, every time they pick up a fork!

And just remember ... keep your fork!  The BEST is yet to come!

 



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