Tag Archives: Real Estate Investors

Pre-Foreclosure Strategies for Professional Real Estate Investors

Pre-Foreclosure Strategies for
professional real estate investors
to avoid Canadian mortgage foreclosure
are very important information.

Are you behind in mortgage payments?
Have you received a notice from your
Bank or lender asking you to bring
arrears up to date.

• Acknowledge the letters from
your Bank or lender!
• Ask your Bank for help
immediately!
• Banks or lender can offer
you multiple options
Canadian mortgage options available
Consider every solution that may
alleviate the temporary financial burden.

Some simple but common options Pre-Foreclosure Strategies for
professional real estate investors that can be considered are:
• Capitalized Arrears
• Increased Amortization Period
• Partial or Shared Payment Plan
• Deferred Payments
• Skip a payment plan

If you are behind mortgage payment

1. Start seeking the solution
for the problem.
The further behind you become, the
harder it will be to reinstate your
loan and the more likely that you
will lose your house.

2. Contact your Bank or lender
and mortgage broker as soon as you
realize that you are behind mortgage
payments. They may have options to help
property owner through difficult financial
times.

3. Respond to all mail from your
Bank or their lawyers.
The first notices you receive will offer
good information about foreclosure prevention
options that can help you weather financial
problems. Later mail may include important
notice of pending legal action.

4. Know your rights as mortgagor
check your mortgage documents so you
know what your Bank or mortgagee may do
if you can’t make your payments. Learn
about the foreclosure laws and time frames
in your province
.
5. Prioritize your expenses
Keeping your house should be your first
priority. Review your finances and see
where you can cut spending in order to make
your mortgage payment. Look for optional
expenses-cable TV, memberships, entertainment-
that you can eliminate. Make minimum payments
on credit cards and other “unsecured” debt
until you have paid your mortgage.

6. Use your assets to leverage
Do you have assets-a second car, jewellery,
a whole life insurance policy-that you can
sell for cash to help reinstate your loan?
Even if these efforts don’t significantly increase
your available cash or your income, they
demonstrate to your Bank or mortgagee that
you are willing to make sacrifices to keep
your home.

Understanding the Foreclosure Process

Canadian home owners have rights to redemption.
Always seek the advice of Canadian real estate
lawyer. Banks and mortgage brokers can assist.

Genworth Financial Canada’s Homeowner
Assistance Program

Genworth Financial Canada’s Homeowner
Assistance Program is designed to help
homeowners who are experiencing temporary
financial difficulties, which may put their
mortgage at risk. This could be the result
of an unexpected life event, such as a serious
illness, marital separation, or loss of employment.
If your customer has a Genworth-insured mortgage,
they can take advantage of our Homeowner Assistance
Program at no extra cost. This program enables you
to work in partnership with us to establish
alternative arrangements to help your customers
stay secure in their home when times get tough.
http://genworth.ca/en/homebuyers/homeowner-assistance.aspx

How Genworth Financial can help

Genworth has a dedicated team of Homeowner
Assistance Specialists who are trained in
identifying the best workout solutions for you
and your customers. We have a number of options
that may help your customers keep their home when
faced with hardship.
Situations that qualify under the program
There are a variety of situations that may
affect a homeowner’s ability to make their
mortgage payments. Some common situations include:

• job loss or reduced income
• marital separation
• unexpected illness or disability
• Property needs emergency repair
• Death or disease

CMHC Default Mortgage info

https://www.cmhc-schl.gc.ca/en/hoficlincl/moloin/moloin_025.cfm

7 Easy Ways to Sell Your Home Quicker

There’s a lot of competition in the housing market these days. There are the top 7 secrets revealed by an experienced professional Real Estate Investor



There are bound to be several other similar listings to your home when you put it up for sale. That’s why it is important to make sure that your property is in a good state of repair so that potential buyers get a good impression.

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Foreclosure process in Alberta

Foreclosure process in Alberta

Whether you are a Bank, mortgage broker, Canadian real estate investor or a home owner, if you are involved with a mortgage in default, you should know the foreclosure process in Alberta. Alberta foreclosure is the process the lender uses to get the money that you should have paid earlier back if your mortgage loan has been defaulted. Call 1-416-409-7300 for the Alberta foreclosure help you need. We have been serving Canadians in need since 1981. One of the main differences of the foreclosure process in Alberta, compared to other provinces, is that the Master in Chambers of the Court of Queen’s Bench of Alberta decides who the foreclosure property will be sold to, and for what price.

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Attaining Tax Sale Properties In Canada

Attaining Tax Sale Properties In Canada

Secrets of Super Wealthy Professional Real Estate Investors part 1 of 10:

Attaining Tax Sale Properties:

A major source of revenue for the Municipal Governments in Canada is the property tax on real estate. This tax is based on the current use and value of the land.

While property tax levels vary between municipalities in a province there is usually common property assessment or valuation criteria laid out in provincial legislation. The municipality has the right to collect property taxes owing even if they have to sell the property to recuperate the property taxes owing. These properties are never listed on MLS or Real Estate Brokers. This is another secret of super wealthy Professional Canadian Real Estate Investors and or Apprentices to attaining Tax Sale properties in Canada.

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Learn how to flip houses – a step by step process

Learn how to flip houses – a step by step process

So you would like to know how flipping houses in Canada works and how to generate instant profits

The business of flipping houses in Canada is very profitable and so is investments. Just like any other business, you must go and learn from Flipping4Profit.ca. You would also need to join the Professional real estate investors group (PREIG) Canada to learn more and meet with professional real estate investors.

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We buy houses for cash

We buy houses for cash

We buy houses for cash We buy houses in Canada is highly beneficial to property owners needing cash and the ones who need to close fast. We buy houses in Canada is supported by the professional real estate investors group (PREIG) Canada  members who have professional knowledge, training and resources.

You might be aware of advertisements on Canadian real estate investors who purchase houses for cash entirely with fast closing to satisfy the needs of sellers. You may ask yourself what sort 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.

 

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20 reasons to partake in PREIG Canada

20 reasons to partake in PREIG Canada

20 reasons to partake Real Estate Investment Club Canada:

CREISA1. You can learn how to make money, attend LIVE Canadian Real Estate Investment Strategy Apprenticeship in person and learn from experts in the field.

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Real Estate Investment Coaching in Canada

Real Estate Investment Coaching in Canada

“see yourself succeed”

Real Estate Investment Coaching in Canada can assist to achieve your investment goals much faster. “The fastest way to become the best is to learn from the best” Navtaj Chandhoke, Founder of Professional Real Estate Investors Group (PREIG) Canada.

Real Estate Investment Coaching in Canada from WorldWealthBuilders.com will help you throughout your training.

Canadian Real Estate Investment coaches will help you kick start your Investments and will make sure you succeed. Canadian Real Estate Investment coaches will expand your skills to guarantee success.

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Bird Dog Training

Bird Dog Training

Make quick cash by becoming a Bird Dog!

What is a Bird Dog ?

Bird Dog Training, This is a chance for those who interested in become real estate investors, but may need to gather capital; and at the same time, acquire real estate knowledge.

Understand various techniques which involve searching properties, looking for buyers and building databases that not only will offer you a life long career skills as a real estate investor, but will also create your passive income.

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