Ever seen a sign like this in front of someone's house? Most people may see it on the Internet, but I bet no body has ever seen it in real world, that is why it is so hard to find foreclosures to buy.
Why is it so Hard to find foreclosures from the MLS?
In the multiple listing service (MLS), most sellers prefer that their property not be listed as a “foreclosure” because they do not want anyone, including potential buyers, to know they are in foreclosure and most likely desperate to sell the property.
Canada Mortgage and Housing Corp. has been asking realtors for months to keep consumers in the dark about whether the properties it sells are part of a foreclosure, according to a document obtained by The Financial Post: CMHC seeking to hide foreclosure information from home buyers
Additionally, specifically searching for foreclosures is not allowed on the MLS, even you are a real estate agent. While you do have the option of searching the thousands of properties listed on the MLS and go over them one by one, you can not tell which one is a foreclosure. This is definitely not a practical solution.
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Luckily for you, Bidwin.Org's system is designed to notify you of new foreclosures when they hit the market, giving you the opportunity to find your dream home before someone else learns about it first. We also have listings of probate sales, estate sales, and motivated sellers, which will only sell homes for a discounted deal.
Why is it so hard to find foreclosures from law courts and the Court of Queen’s Bench?
Not only is it expensive to get court documents, but it is also time consuming. In fact, it’s not unusual to cost you hundreds of dollars and hours of your time to get government foreclosure information.
Luckily for you, there is no need to drive to the courthouse. With Bidwin.org, you can get complete access to thousands of foreclosure listings in Canada right at your fingertips, at no cost to you, no membership fee, no admission fee, completely free.
Why is it so hard to find foreclosures from banks?
Over the years, we have learned that most banks simply do not give out information on foreclosed properties. This is largely due to privacy reasons and there is essentially nothing you can do to get them to change their policy. This same information also applies to mortgage companies in Canada and is discussed above.
At Bidwin.org, you have free access to the most up-to-date foreclosure listings right from your computer, email, or mobile device.
Today, Bidwin.org is the secret weapon of savvy property investors and property buyers who want to learn about the latest bargain priced homes the minute they hit the market.
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