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Foreclosure Vancouver | Court Ordered Sales Vancouver Burnaby

foreclosure vancouver

How to write an offer on a foreclosure in Vancouver

How to buy a foreclosure or court ordered sale in Vancouver

Even in a city like Vancouver with a strong Real Estate market properties fall into Foreclosure or be subject to a Court Ordered Sale. I list and sell many foreclosure properties in the city of Vancouver, Burnaby, Richmond and the rest of the lower mainland. Working with an agent who knows how to deal with the banks, lawyers, and contract is vital. Buying and selling foreclosure properties is not a standard transaction. Most agents have zero, or a very limited, knowledge of these transactions.

I have handled numerous foreclosure listings in Vancouver with a number of different banks and lawyers. I have successfully sold, and recovered, over $25,000,000 in loan assists for my clients.

I assure you the court ordered sales I have handled in the last few years have been handled with the utmost professionalism resulting in sales every time.

If you are a bank or lawyer handling a foreclosure file please let me know and I will send you further information about my history of success.

Below is a full list of all current Vancouver Foreclosure, Vancouver Court Order Sales – November , 2018 – 67 Detached houses for sale by court order. 7 apartment sales by foreclosure order. All listing provided by MLS Reciprocity program

 

 

Example Process for court ordered sale in Vancouver:

 

We have an accepted offer of ($285,000) and are going before the court on Monday morning the 27th of April to approve the sale.

 

Completion: 30 business days after court approval

Possession: Noon – 1 day after completion

Adjustment: 1 day after completion

 

At court, any interested party may attend the proceedings and present a written offer on the property.  The principle objective of the Court is to protect the interests of the owner of the property being sold. The Court has few, if any, concerns about competing bidders, lawyers, realtors and others. The Court attempts to ensure that the best (almost always; the highest) offer is accepted. That is done by allowing competing bidders (including the bidder whose offer is already before the Court) to submit one final sealed bid. The Court opens and reviews all bids together and approves the best one. Once the bids are opened by the Court they cannot be changed in any way; the auction process is completely final.

 

The process described in the paragraph above was universal in British Columbia until recently. But now, especially on Vancouver Island, the Court sometimes follows a more complex system involving an initial, open and oral bid followed by a second, final and sealed bid.

 

All offers must be subject free; you can do your due diligence ahead of the Court date. The Court will not approve any offer with a “subject” (a purchaser’s condition precedent). The only acceptable (and mandatory) “subject” is a seller’s condition precedent (that the proposed sale is subject to Court approval).

 

All offers must have a deposit attached and must contain an attached Schedule A.  The Court will not approve any offer without a significant and real deposit (usually 5% of the purchase price, either already deposited in a realtor’s or lawyer’s trust account, or a bank draft or certified cheque attached to the offer).

 

The Court will not approve any offer without the FULL and PROPER name(s) of the buyer(s) (EXACTLY as such name(s) will appear in title if the offer is approved) shown on the first page of the offer. If there is more than one buyer, the offer must show if the buyers will be joint tenants or tenants in common. Once an offer is approved, the description of the buyer(s) cannot be changed in any way.

 

If you plan to bid on this property, you must be in Court no later than 9:40am. You can meet me there, and I will coordinate collection of all the competing bids.  The court house is located at 800 Smithe Street Vancouver, BC V6Z 2E1. We will most likely be in Court Room 32 or 33. My cell phone will be on (604-764-0711) if you cannot find me.

 

If you and your buyer are unable to attend court, please have your offer to me no later than noon on Thursday April 23rd, 2014 via email. This is NOT IDEAL. You should both be willing and able to attend court.

 

You CANNOT show up at court with a verbal offer. You must present an offer written on paper by a REALTOR. If you do not have a REALTOR my team can write the offer for you in ADVANCE of court. We do not have the ability to write the offer for you at the courthouse.

 

Please contact me with any questions.

 

Thank You,

 

Simon Clayton

Macdonald Realty

sclayton@macrealty.com

www.simonclayton.ca

604-764-0711

 

Zita Monaghan, Surrey 

Simon came referred to me by a respected acquaintance with a long track record at Macdonald Realty. On behalf of my employer, I needed to work on a sensitive Foreclosure involving a medical professional working and residing in Asia at the time. I was impressed by Simon’s professional communication and follow up throughout the listing and sale process. I know he cares about his contacts as I witnessed his follow up to ensure satisfaction to both the seller, and the buyer who he did not represent, as well as appraiser and cleaning company to whom he had no formal obligation. Simon comes highly recommend.

T. Lennie, North Vancouver 

Simon was referred to me through a mutual client. He very quickly became our “go-to guy” for selling properties in foreclosure. Over the past few years, he has listed (and sold!) multiple foreclosures in the Vancouver area. Every file has been handled in an extremely professional manner, and has received attention to even the smallest details. Simon’s experience, enthusiasm and knowledge have made it a pleasure to deal with him for the last few years – and hopefully for many more to come! I would highly recommend using Simon, and will definitely refer him to my friends, family and co-workers!

 

Waterfront townhouse on the Seawall with direct views of the marina. 3 bedrooms, 4 outdoor areas, central location to all the best of downtown, but quiet & private setting, private garage, concierge, great amenities. A true gem.  This kind of townhouse is what makes the marinaside a special place to live.


122 - 1228 Marinaside Cr., Sale Price: $2,000,000
1 year old home. quality construction on a nice size lot. Open plan, Kitchen, great room flows easily into private back yard. excellent family home. Needs minor finishing details. Full unfinished basement. Foreclosure. Must be sold.l. All measurements approx, buyer to verify

1775 SW Marine Dr., List Price: $1,495,000 (list)
Family home situated in South Granville area on 50x122 lot. House contains 4 bedrooms up with views to airport and Richmond. Main floor has formal dining room, large living room with oak floors. Back of house is an open Kitchen and eatting area/computer study. Powder room on main with 2 full baths up and 1 additional down. Basement has good ceiling height and easily suited for nanny. Central location close to shopping in Kerrisdale and Marpole. School catchment: McKechnie and Magee. All measurements approx. Buyer to verify if important

1861 West 58th Ave., List Price: $1,388,000 (list)
Traditional english tudor home. Fully renovated, great family home in best school district near shopping and parks. Upgrades include hardwood flooring, kitchen S/S appliances, oak cabinets, granite counters. Huge south facing cedar rear deck. Basement has nanny suite potential. All measurements approx, buyer to verify

1964 West 33rd Ave., List Price: $1,298,000 (list)
Great location in a special pocket of East Vancouver. 50x122 (6100 SF) lot on a beautiful, tree lined - quiet street with great views of the inlet, mountains, and city. House contains a lot of charm including original hand picked fir floors, 2 wood burning fireplaces, and prestigious stonework done by Master Mason. House has 1 bedroom on main, 1 in basement, and 2 additional up. 2.5 baths and 2 kitchens. Basement is partially finished with full kitchen, rec room, bedroom, laundry room, and a work shop/mechanical room. TLC and Renovation would bring finishes up to today’s standard. Rs-1 zoning. 3 year old roof. All measurements approx. Buyer to verify. All offers subject to the approval of the Supreme Court of British Columbia..
3627 Trinity Street. Vancouver List Price: $835,000

The residences on Georgia. PH suite with wonderful view of water and mountains. Located steps away from best shopping and restaurants on Robson. Suite has been tastefully renovated. Upgrades include hardwood floors, marble floors, new fixtures, kitchen, maple cabinets, granite counters. Great suite to enjoy 2010 games & downtown nightlife. All measurements are approx, buyer to verify if important.

PH6 - 1200 W. Georgia., Vancouver List Price: $839,000
54.95x140 freehold lot RS6 Zoning. One of the least expensive lot and house west of Cambie on freehold land in the city of Vancouver. House is almost 2000 sq.ft. - and needs work. Value is mainly in land and sold as is where is. Adjacent to the Musqueam Golf Course at the end of 51st Ave. Please drive past property first. All subjects to the approval of the Supreme Court of Brith Columbia. All measurements approx and should be verified by the Buyers.


3895 W 51st Ave Vancouver List Price: $799,000
25x122 / 3050sq.ft. lot just half a block to Commerical Drive on 5th Ave. Fantastic location. Duplex property with RM-4 zoning. For sale by court order. All measurements are approx. Buyer to verify. Property sold as-is where-is. Restore the duplex home (circa 1912) or build new. Vibrant community. Easy transit connect to UBC, downtown. Call to discuss your new home opportunities!.


1537 East 5th Avenue Vancouver List Price: $629,000
King Edward Village built by Aquilini Group with warranty and rainscreened. This is a 2bed/2bath 961sq.ft. unit has a sweeping view of the city. Highend finishings include granite and S/S appliances. In-suite laundry hooked up, parking. Outdoor space off the master bedroom. A lot of natural light. Central location with new shopping and library in the building. This is a Foreclosure sale and all offers must be subject to court approval.


1104 - 4028 Knight St Vancouver List Price: $421,900
2Bedroom, 1 Bathroom Kitsilano townhouse unit on West 4th in a great part of the West Side of Vancouver. This unit is being sold as a court order sale below the assessed tax value. Unit features private entrance, gas fireplace, open kitchenand insuite laundry. Very central location, close to the shopping and restaurants on 4th ave and the beaches. Unit is sold as-is where-is and all measurements are approx. Don't miss out on this opportunity to own in Vancouver..


3165 West 4th Ave., Vancouver List Price: $421,900
Heritage loft conversion. Original Bowman Block was constructed in 1906 and converted to the current use in 2007 by the Salient Group. In 2007, the Bowman Block was honoured with an Award of Excellence for Revitalization, Renovation or Heritage. With original fir floors, exposed brick and massive beams, this is a rare commodity in Western Canada. The modern intervention features interior design by Alda Pereira and architecture by Gair Williamson. New construction atop the original building includes an urban oasis with an outdoor fireplace and built-in barbecue. A very short walk to Chambar, Medina, SkyTrain, and Rogers Arena. Parking available across street (Car2go) or Reserved EasyPark $145/$215mn.
#703 - 528 Beatty Street. Vancouver - $419,000 (list)
1 bedroom unit on the 16th floor located in central area of Downtown. Suite has been recently updated with new flooring, bathroom, kitchen. Buyer would need to do finishing touches to make this their new home. SE Corner suite. Makes for a great investment / rental suite. Amenities include indoor pool, hot tub, sauna, exercise room, and 24 hr concierge. All offers subject to supreme court of British Columbia approval. All measurements approx Buyer to verify if important.


1609 - 438 Seymour Street Vancouver List Price: $284,900