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We Buy Houses

We buy houses in Canada is very helpful for those property owners who need cash and a fast closing. We buy houses in Canada is facilitated by professional real estate investors group (PREIG) Canada members who have proper trainingcoaching and resources.

You have probably seen the advertisements about Canadian real estate investors who buy houses for all cash with fast closing to accommodate the needs for the sellers. You may have thought to yourself what kind of business is buying houses? There are actually many reasons for people to purchase houses in Canada, and just as many reasons for people to sell their houses.

When we buy houses in Canada, we repair the house then sell it for a profit. We can also do it for a much cheaper price as construction companies will provide discounts to people who give them a lot of work. When the repairs are done, the house is sold, and we rinse and repeat. It is called fixing and flipping houses in Canada.

So now you might be wondering why a property owner in Canada would sell their home to Canadian real estate investors for discount price. There are several reasons for that due to circumstances beyond their control. Deaths, divorce, sickness, loss of job, depression, desperation, drugs and alcohol are a few of the reasons where a property owner becomes a panic seller.

The reason we buy houses in Canada is because some people are in dire need for quick cash due to foreclosure, power of sale, delinquent payments, tax arrears, judgements, liens and or property requires a lot of repair or updating.

Get a Fair Cash Offer

Sometimes it is because someone got a job and needs to move elsewhere. Other times a couple gets divorced and selling the home allows quick liquidation of assets.

Canadian homeowners can sell their homes to Canadian real estate investors because they do not want to deal with the long process of going through a real estate agent. It costs a lot of money to hire an agent, and with all of the repairs, and the commission the agent gets will make a deep cut in the owner’s profits compared to a cash buyer.

Canadian home owners selling their home privately may not be the best choice. They have to make many repairs, allow strangers into their home and it is much easier to just sell to a cash buyer. We buy houses in Canada by simply giving the owner cash and taking the property. It is very simple and there are no hassles or fees at all.

When the Canadian homeowner wishes to sell their house to a cash buyer they can call them to see the house. The Canadian real

Sell your house for cash

If you suddenly want to sell your home, there are many benefits to selling it to a cash buyer.Real Estate investor will look at the house and make an offer, when both parties agree with the price they will set a closing date. The investor or their lawyers will make all the paperwork. In total this process may only take a few days.

The biggest reasons of using a Canadian real estate investor are:

  • You don’t need to put the house on the market on your own
  • It is much slower selling it through an agent
  • You do not need to pay any commission
  • You do not need to wait for anyone to qualify for a loan
  • You can avoid foreclosure and power of sale
  • You can avoid bankruptcy or consumers proposal
  • You do not need to make appointments with buyers
  • There are no closing costs or very late closing dates
  • We buy houses in Canada “as is” and “where is”
  • No need to repair
  • Fire, water or wind damamge properties
  • Leaky basements
  • Bad tenants
  • Property needs repair
  • Estate sale
  • Tax sale
  • Auctions
  • Relocation services
  • Partner buys out
  • Stigmatized properties
  • Ex grow op
  • Ex meth labs
  • Haunted Houses
  • Short of cash to finish repairs
  • Personal problems
  • Drugs, addiction or sickness
  • Need cash now
  • Travel
  • Family problems
  • Anything else–urgency

We buy housesOverall selling to a Canadian real estate investor is the best option; it doesn’t involve a middleman and finishes much quicker. Using a cash buyer allows the home owner to go about their life much faster than if they used an agent or tried to sell it on their own. This is why we buy houses in Canada.

Serving Canadians who must sell their property now.

We can HELP !! We also BUY HOUSES. Please call:

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P.S. Success isn’t a matter of chance, it’s a matter of choice. So it’s up to you to make the right choice to become successful. If you don’t know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Are you a Canadian real estate Investor? Join Canada’s largest real estate investors club now.

]We buy houses

Fill the form below or please text us at 1-416-409-7300 especially facing eviction, seizure, power of sale, foreclosure..

In case of emergency please call or text +1(416) 409-7300

Missing a mortgage payment in Canada

Missing a mortgage payment in Canada

Missing a Mortgage Payment in Canada

missing-a-mortgage-payment-in-canada

Missing a mortgage payment in Canada is a serious matter. The reason a Canadian homeowner goes into foreclosure or power of sale is important for all to understand. As a Canadian homeowner one can be prepared for such a situation as the aforementioned, and as a Canadian professional real estate investor, one can be informed as to what causes foreclosure or power of sale and how to be of service. Death, job loss, medical expenses, and divorce are a few of the most common reasons Canadians face foreclose or power of sale on a home. These factors are real and an everyday part of society.

Falling behind on your payments can trigger power of sale process in Ontario. According to the Ontario Mortgage act 'Where a mortgage by its terms confers a power of sale upon a certain default, notice of exercising the power of sale shall not be given until the default has continued for at least fifteen days, and the sale shall not be made for at least thirty-five days after the notice has been given'  R.S.O. 1990, c. M.40, s. 32.

Missing a mortgage payment in Canada and cash flow issues going on and Canadian home owners try to juggle and decide which debts to repay. It’s tough but can be worked out.

Canadian Homes: Foreclosure or Power of Sale?

Both circumstances are a legal process designed to provide the Canadian lender an option to sell the property in the event the Canadian homeowner defaults or misses several payments.

Foreclosures in Canada involve the judiciary system, making it a much slower process which can take up to 6-10 months to resolve. We see foreclosures most commonly in Nova Scotia, Saskatchewan, Manitoba, Quebec, Alberta, and British Columbia.

Power of Sale, on the other hand, is much quicker. In some cases the power of sale can happen within weeks, but you will generally have a 35 day redemption period. This means you will have 35 days after being served notice to pay all your debts (including incurred fees) and get thing back on track. Power of Sale is currently being seen frequently in Ontario, Newfoundland and Labrador, New Brunswick, and Prince Edward Island.

What can you do about missing a mortgage payment?

Option 1: Contact your lender or bank as soon as possible1

Canadian lenders would always prefer not to go through the foreclosure or power of sale process. Their goal is to safeguard their investment and assist Canadian homeowners to find a reasonable and affordable solution.

Canadian homeowners tend to be very reluctant to contact their lenders out of fear and uncertainty.

With the majority of Canadian lenders, being forced out of the home happens only when all efforts and options have been fully explored.

The Canadian mortgage lenders may be able to offer you following four options

  • Change amortization to lower monthly payments
     
  • Switching from a variable rate to a fixed mortgage to provide a consistent payment plan you can budget for without fear of any future interest rate increase
     
  • Refinancing or second mortgage
     
  • There may be an option to add missed payments to the back of your current mortgage

There is limited action the Canadian mortgage lender or bank will take in the early days besides calling you and remind you to pay in time.

Option 2: Ignore and hope it will all will disappear3

Ignoring your oustanding debt will certaintly draw the attention of Canadian lenders and banks. In the long run, cooperation works much better and saves you the cost and hassle for all parties involved.

Option 3: Consolidate all of your debts

The cheapest way to rent or borrow money is with your first mortgage on a principal residence in Canada. Before you stop paying the unsecured debt to make your payments more affordable, make sure you seek out professional advice in order to plan your financing.

Finding a solution to deal with any other debts i.e. credit cards, lines of credit, consolidate loans etc. is all the help people need to obtain a positive cash flow each month and make paying down their debts significantly easier.

One of the key things to look at if you are about to miss a mortgage payment is whether you can afford the house you live in, or whether you’re over-extended on your debt.

If you decide your house is unaffordable then there are essentially two options.

  • Obviously if there is equity in the house, selling the house is the best option.
     
  • If you are in a negative equity situation then this needs to be carefully planned and professional advice is required.
     

4Option 4: Make payments first rather than unsecured debt

The general rule if you want to keep your home is, your mortgage must be the top priority over all of your other debts. You will have many more options to deal with unsecured debt vs. secured debt.

Canadian Mortgages

Canadian Mortgages

MortgageCanadian Mortgages:

Mortgage: A mortgage loan, also referred to as a mortgage, is used by purchasers of real property to raise funds to buy real estate; or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is "secured" on the borrower's property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property ("foreclosure" or "power of sale") to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms.

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