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Posts Tagged: power of sale

Foreclosures vs. Power of Sale

The difference between Power of Sale and Foreclosure really comes down to real estate laws. In the United States, banks WANT to own houses. They buy them up from people who can no longer pay their mortgage payments, and sell the house for the remaining total of the mortgage. This is often below market value…. Read more »

Should you sell now and buy later on, when and if the market crashes?

Power Of Sale vs Foreclosure

What’s the difference between Power of Sale and Foreclosure? I often get asked about Foreclosure properties (Power of Sales). After 2008 and the housing crash south of the border, many people think that they can get a deal on properties in foreclosure. Although this may be true in the states, this is not necessarily the… Read more »