View Alberta foreclosures, bank owned properties, repossessed judicial sales and foreclosed houses in Alberta.
Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted mortgage by taking ownership of the property and selling it.
NOTE: When buying a foreclosure, you do not get it for half price! Banks price foreclosed homes a little below market value. Many Alberta foreclosures will be cash offers only.
When purchasing foreclosures, bank owned properties or distress sales in Alberta, know that you are assuming all physical defeciencies. There are no warrenties when buying a foreclosed home!