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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.

The process of foreclosure in Vancouver involves the legal termination of a homeowner’s right to their property. This occurs when the homeowner is unable to repay the mortgage and the lender takes steps to reclaim the property and sell it to recover their outstanding debt.

In Vancouver, foreclosure is typically a court-ordered process. The lender must first provide the homeowner with a notice of default and offer them the opportunity to repay the outstanding debt. If the homeowner is unable to repay the debt, the lender can then take the case to court and request a court order for foreclosure.

Once the court grants the order, the lender can proceed with the sale of the property. The proceeds from the sale are used to repay the outstanding mortgage debt, with any remaining funds going to the homeowner.

I have handled numerous foreclosure listings in Vancouver with a number of different banks and lawyers. I have successfully sold, and recovered, over $30,000,000 in loan assets 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 – February 2024 – 35 Detached houses for sale by court order and 24 apartment sales by foreclosure order. All listing provided by MLS Reciprocity program

 

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13-24/36
  • 7637 SUSSEX Avenue in Burnaby: South Slope House for sale (Burnaby South) : MLS®# R2836781

    7637 SUSSEX Avenue South Slope Burnaby V5J 3V9
    Main Photo: 7637 SUSSEX Avenue in Burnaby: South Slope House for sale (Burnaby South)  : MLS®# R2836781
    $3,188,888
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2836781
    Bedrooms:
    6
    Bathrooms:
    7
    Floor Area:
    4,607 sq. ft.
    Beautiful BRAND NEW home on a large 10,244 sf lot in most desirable South Slope area. This stunning home has a fantastic floor plan and offers incredible Richmond city views. The main floor offers high ceiling and bright natural light brought in by large windows. Open concept main floor includes a spacious beautiful Kitchen, spice kitchen with granite countertops, nook, Office, living/dining area, Balcony, and spacious entry. Top floor has 4 BDRMS with own private baths and balcony views. House is equipped with Central AC, Security system and surround sound speakers. The Basement has a two bedroom legal suite as well as a bonus potential for another suite. Easy to show. More details
    Listed by Century 21 Coastal Realty Ltd.
  • 2708 6463 SILVER Avenue in Burnaby: Metrotown Condo for sale (Burnaby South) : MLS®# R2837241

    2708 6463 SILVER Avenue Metrotown Burnaby V5H 2X1
    Main Photo: 2708 6463 SILVER Avenue in Burnaby: Metrotown Condo for sale (Burnaby South)  : MLS®# R2837241
    $670,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2837241
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    537 sq. ft.
    Welcome to Maywood on the Park by Intracorp! Just steps away from Maywood park and all levels of transit, this thoughtfully convenient location provides some of the best neighborhood experiences Metrotown has to offer! Measuring at 537sq ft of interior living space, this 1 bed + 1 bath home features exceptional west facing city views you’ll be sure to love! 24-hour concierge, expansive fitness studio, social lounge, dog wash station & more! Don’t miss this one! Have your realtor call today! ****COURT DATE SET FOR MAY 16, 2024****** Call your Realtor for a chance at this one!!! More details
    Listed by Macdonald Realty
  • 5584 LABURNUM Street in Vancouver: Shaughnessy House for sale (Vancouver West) : MLS®# R2837407

    5584 LABURNUM Street Shaughnessy Vancouver V6M 3S8
    Main Photo: 5584 LABURNUM Street in Vancouver: Shaughnessy House for sale (Vancouver West)  : MLS®# R2837407
    $4,704,000
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2837407
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    4,031 sq. ft.
    This 103 year old home is located on some of the most coveted real estate in Vancouver. A 9,150 sf flat lot with lane access. Just minutes from central Kerrisdale. For the right buyer with the right vision, this home could be brought back but realistically this old timer has seen better days. Alternatively, re-build the home of your dreams here or multiple Duplex's could be constructed here. Check with COV with respect to the new density allowances. More details
    Listed by Macdonald Realty
  • 4608 207A Street in Langley: Langley City House for sale : MLS®# R2837536

    4608 207A Street Langley City Langley V3A 5N3
    Main Photo: 4608 207A Street in Langley: Langley City House for sale : MLS®# R2837536
    $1,449,000
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2837536
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,580 sq. ft.
    This rancher-style gem on a huge lot offers endless potential for expansion! Located in Langley City just bordering Brookswood, this property is on a quiet street and close to all amenities. With 3 beds, 2 baths, and a detached workshop, this property is perfect for families or those seeking extra space. The fenced yard, RV parking, and double garage add convenience and versatility. More details
    Listed by Stonehaus Realty Corp.
  • 1106 3487 BINNING Road in Vancouver: University VW Condo for sale (Vancouver West) : MLS®# R2837708

    1106 3487 BINNING Road University VW Vancouver V6S 0A5
    Main Photo: 1106 3487 BINNING Road in Vancouver: University VW Condo for sale (Vancouver West)  : MLS®# R2837708
    $1,263,900
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2837708
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    893 sq. ft.
    Eton by Polygon - a prestigious parkside tower at UBC's Wesbrook Village. This community features dramatic landscaping and an impressive water feature. This is a 2-bedroom, 2-bath East-facing home. Bedrooms are located at the opposite ends of the home to maximize privacy. Enjoy the convenience of double sinks and a generous walk-in shower in the ensuite. More details
    Listed by Amex - Fraseridge Realty
  • 2202 1211 MELVILLE Street in Vancouver: Coal Harbour Condo for sale in "RITZ" (Vancouver West) : MLS®# R2837722

    2202 1211 MELVILLE Street Coal Harbour Vancouver V6E 0A7
    Main Photo: 2202 1211 MELVILLE Street in Vancouver: Coal Harbour Condo for sale in "RITZ" (Vancouver West)  : MLS®# R2837722
    $1,490,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2837722
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,268 sq. ft.
    Prime Coal Harbour location, just steps to the Waterfront, Stanley park, shopping and entertainment. Luxury The Ritz complex. Spacious 1,268 sq feet 3 bedrooms, 2 full bathrooms apartment with beautiful views of the Ocean, park and mountains. Modern open floor plan, floor to ceiling windows, 9' feet ceilings, big balcony, breakfast nook. Very clean, move in condition. More details
    Listed by Saba Realty Ltd.
  • 12364 53 Avenue in Surrey: Panorama Ridge House for sale : MLS®# R2838791

    12364 53 Avenue Panorama Ridge Surrey V3X 3B7
    Main Photo: 12364 53 Avenue in Surrey: Panorama Ridge House for sale : MLS®# R2838791
    $6,199,000
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2838791
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    2,534 sq. ft.
    This Property is located in the prestigious Panorama Ridge neighbourhood with development potential. 2.92 Acres of LAND! Property is free of creeks, right of ways and easements. Rectangular parcel. Please call for additional information. More details
    Listed by Century 21 Coastal Realty Ltd.
  • 2601 889 PACIFIC Street in Vancouver: Downtown VW Condo for sale (Vancouver West) : MLS®# R2840127

    2601 889 PACIFIC Street Downtown VW Vancouver V6Z 1C3
    Main Photo: 2601 889 PACIFIC Street in Vancouver: Downtown VW Condo for sale (Vancouver West)  : MLS®# R2840127
    $825,000
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2840127
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    564 sq. ft.
    Spectacular VIEWS of the city & water from every room, with large balcony. This Incredible one-bedroom upper floor unit in "The Pacific" by Grosvenor is sure to impress. Spa-like tiled marble bathroom with heated floor, deep soaker tub & rain shower. Top of the line kitchen appliances with Wolf, Miele & Sub-Zero, balcony with natural gas hookup for carefree BBQ's. 24hr concierge, indoor & outdoor lounging areas, games room, fully equipped gym & unbeatable location. Bike lane at your door, AquaBus to Granville Island, Fresh St. Market, the seawall & buses to UBC just steps away. Bonus : bike/storage locker with electrical outlet! OPEN HOUSE Sat March 9th, 1 to 3pm. More details
    Listed by Sutton Group-West Coast Realty
  • 8316 GOVERNMENT Road in Burnaby: Government Road House for sale (Burnaby North) : MLS®# R2840950

    8316 GOVERNMENT Road Government Road Burnaby V5A 2E3
    Main Photo: 8316 GOVERNMENT Road in Burnaby: Government Road House for sale (Burnaby North)  : MLS®# R2840950
    $2,999,000
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2840950
    Bedrooms:
    10
    Bathrooms:
    11
    Floor Area:
    7,436 sq. ft.
    Prime Government Street address, in proximity to schools, shopping, public transportation, and nestled in privacy on a spacious quarter-acre lot. Home has 10 bedrooms 11 washrooms, under construction.Sold as is where is. More details
    Listed by Century 21 Coastal Realty Ltd.
  • 6088 DENBIGH Avenue in Burnaby: Forest Glen BS House for sale (Burnaby South) : MLS®# R2841381

    6088 DENBIGH Avenue Forest Glen BS Burnaby V5H 3R5
    Main Photo: 6088 DENBIGH Avenue in Burnaby: Forest Glen BS House for sale (Burnaby South)  : MLS®# R2841381
    $2,679,990
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2841381
    Bedrooms:
    8
    Bathrooms:
    6
    Floor Area:
    3,560 sq. ft.
    This gorgeously built 2 story house is well designed, with a nice layout and clear distinction of functionality: the three bedrooms and 3 bathrooms on the 2nd floor, among which the ensuite bathroom of the master bedroom is equipped with a jet bathtub. The large center island at the living room is perfect for entertaining. The high ceilings designed at the first-floor entrance is magnificent! The 2 independent suits at the first floor are great mortgage helpers. The house features A/C, HRV, granite entry, countertops and fireplace, coffered ceilings, crown molding, solid wood panel exterior, covered deck, 3 car garage, large, sunny and fenced backyard… and much more. A smart home one must see! Open House: 2-4 pm Saturday March 23rd 2024 More details
    Listed by Nu Stream Realty Inc.
  • 4698 ANGUS Drive in Vancouver: Shaughnessy House for sale (Vancouver West) : MLS®# R2841831

    4698 ANGUS Drive Shaughnessy Vancouver V6J 4J5
    Main Photo: 4698 ANGUS Drive in Vancouver: Shaughnessy House for sale (Vancouver West)  : MLS®# R2841831
    $7,380,000
    Residential Detached
    Status:
    Active
    MLS® Num:
    R2841831
    Bedrooms:
    6
    Bathrooms:
    8
    Floor Area:
    6,578 sq. ft.
    Prestigious Angus Dr at W 32nd in the heart of second Shaughnessy. This 80x125 = 10000 sf corner property is perching on the higher side of the street. The existing 6578sf 6 bdrm 8 bath mansion was constructed in 1997 w/top quality and excellent layout, grand entrance hall, circular staircase, a 36ft indoor pool, steam bath, A/C, home theatre, wok kitchen, office w/ensuite bathroom which can be used as a bdrm. 4 bdrm up, all with ensuite baths. 2 bdrms in the basement. 4 car garage w/lane access. Walk to York House, LFA, Shaughnessy Elem, short drive to St. George’s, UBC. Unbeatable location. "As-is, where-is" basis. More details
    Listed by Sutton Group-West Coast Realty
  • 113 1460 SOUTHVIEW Street in Coquitlam: Burke Mountain Townhouse for sale : MLS®# R2842379

    113 1460 SOUTHVIEW Street Burke Mountain Coquitlam V3E 3R4
    Main Photo: 113 1460 SOUTHVIEW Street in Coquitlam: Burke Mountain Townhouse for sale : MLS®# R2842379
    $999,999
    Residential Attached
    Status:
    Active
    MLS® Num:
    R2842379
    Bedrooms:
    3
    Bathrooms:
    4
    Floor Area:
    1,732 sq. ft.
    Welcome to Cedar Creek in beautiful and charming Burke Mountain! This amazing End Unit home has 3 spacious levels and multiple patio's/sundecks! The main entrance flows into the spacious Living Room/Dining Room and a separate kitchen area which allows you to walk out to the sundeck with great views. The upper floor has 3 bedrooms and laundry. The lower floor has a 4th bedroom option or you can turn it into a games room/recroom! From this room you can walk out to the fully fenced backyard and enjoy in private! The home comes with a double garage and two additional cars can be parked on the pad. Playground is very close and lots of visitor parking right beside this home. Schedule your private showing! Act fast, this will not last long! Next showing by appointment only. More details
    Listed by eXp Realty (Branch)
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Data was last updated March 28, 2024 at 09:10 AM (UTC)
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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
aletown living. The best location in Downtown Vancouver. This 1 bedroom + solarium (den) is 573 sq.ft. and features an open kitchen, living room with gas fireplace, bedroom, and full bathroom. Amble storage. In-suite laundry. Balcony. Parking and Storage. Wonderful building amenities including concierge, gym, pool and guest suite. Yaletown is home to fantastic restaurants, cafes, shopping, and transit including the Canada Line. B.C. Place and Rogers Arena both within a 10 min walk. Have your REALTOR contact for further information. *ALL OFFERS SUBJECT TO THE APPROVAL OF THE SUPREME COURT OF BRITISH COLUMBIA*


803 - 939 Homer Street Vancouver List Price: $525,000
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