The Real Estate Company

DEAN MARTIN | 403-837-0909

What is a Foreclosure?

When a homeowner falls behind on mortgage payments (often 3 months) and does not have the ability in the foreseeable future to catch up, the banks take control and foreclose on the property. Once the lender has started the foreclosure process it is rarely ever reversed. Mounting legal fees, late interest charges and accumulating debt make it near impossible for a homeowner to keep their property. Homes that have gone into foreclosure are often listed at lower prices and are on the market quickly so banks can recoup monies lost. Other important facts to know about foreclosures properties:

• Banks offer no guarantee or warranty on the property

• You buy the home As-Is

• A home inspection is highly advised

• Offers on foreclosures can be left open for as little as 24-72 hours or as long as 10 business days

Court Sales

Court and judicial sales of properties that have gone into foreclosure simply mean that a judge from the Court of Queens Bench in Alberta will decide on which fair offer to accept regarding foreclosed properties. A real estate agent will take an offer on a court sale to a lawyer who then presents it to a judge. There are a few key points to remember with court sales.


• The process can take up to 30 days to be completed

• Homebuyers are required to submit unconditional offers

• There can be multiple offers that a judge is taking into consideration on a single property

• The “buying as-is” policy applies

Grow-Op Homes

Grow-Op homes are residential properties that have been used to grow marijuana, commonly in basements. When discovered by authorities these homes are seized and foreclosed by the provincial government. Grow-op homes can be a gem for homebuyers and property investors. These homes are often sold below market value at a reduced price and do not stay listed for long. Important notes you need to know about grow-op homes are:


• You cannot get a mortgage on a busted grow-op home (has to be purchased in full)

• Buying the home is done under the condition that the homeowner has the property remediated

• The home must pass all health inspections set in place by Alberta Health Services before it can be lived in or resold

• All costs to get the home up to AHS standards are paid by the homeowner.


Here is the current list of Calgary and Area Foreclosures.

Foreclosures For Sale in Calgary

1-10/78
  • 5110 27 GRIER Place NE in Calgary: Greenview Condo for sale : MLS®# C4279148

    Main Photo: 5110 27 GRIER Place NE in Calgary: Greenview Condo for sale : MLS®# C4279148
    • Photo 1: 5110 27 GRIER Place NE in Calgary: Greenview Condo for sale : MLS®# C4279148
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    • Photo 28: 5110 27 GRIER Place NE in Calgary: Greenview Condo for sale : MLS®# C4279148
    • Photo 29: 5110 27 GRIER Place NE in Calgary: Greenview Condo for sale : MLS®# C4279148
    $155,000
    Apartment
    Status:
    Active
    MLS® Num:
    C4279148
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    917 sq. ft.
    Welcome to this beautiful condo located in a perfectly appointed location with a great curb appeal ideally set up for the first time home buyers or an investor who wants to add this beautiful condo into his investment venture. All the rooms including bedrooms and living room got their private balcony for an outstanding open view. This unit comes with 2 bedrooms and 2 bathrooms while the master bedroom has its own en-suite and a huge walk-in Closet. Last but not least, laundry is inside the unit and Kitchen has a huge island. Call for preview, you won't be disappointed! More details
    Listed by SAVE MAX EDGE
    Dean Martin
  • 8929 34 Avenue NW in Calgary: Bowness Duplex for sale : MLS®# C4279093

    Main Photo: 8929 34 Avenue NW in Calgary: Bowness Duplex for sale : MLS®# C4279093
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    • Photo 35: 8929 34 Avenue NW in Calgary: Bowness Duplex for sale : MLS®# C4279093
    • Photo 36: 8929 34 Avenue NW in Calgary: Bowness Duplex for sale : MLS®# C4279093
    $675,000
    Attached
    Status:
    Active
    MLS® Num:
    C4279093
    Bedrooms:
    10
    Bathrooms:
    2
    Floor Area:
    1,753 sq. ft.
    Solid side by side duplex (one title) located on a quiet street with transit across the street and 350M to Bowness Park where you can walk for miles along the Bow River, enjoy the quiet pathways, hike through the Douglas Fir Tree Sanctuary or enjoy playing Frisbee in Baker's Park. This property has two illegal suites (Call the city of Calgary about legalizing with their new secondary Suite Program for duplexes (New as of November 18, 2019)) or can easily be converted back to a full duplex. Either way, you'll love the lot! Each side has it's own entrance, 3 bedrooms up and 2 down, each suite with a 4-piece bath, living/dining and kitchen. Both sides have a common laundry. In the back there is a quadruple (4) garage built with a party wall down the middle. Many updates throughout the years along with 4 fireplaces, vaulted ceilings, metal roof, and low maintenance stucco siding. 5 Schools ranging from K-12. Quick possession is available. More details
    Listed by GREATER CALGARY REAL ESTATE
    Dean Martin
  • 2232 BOWNESS Road NW in Calgary: West Hillhurst House for sale : MLS®# C4279080

    Main Photo: 2232 BOWNESS Road NW in Calgary: West Hillhurst House for sale : MLS®# C4279080
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    • Photo 45: 2232 BOWNESS Road NW in Calgary: West Hillhurst House for sale : MLS®# C4279080
    • Photo 46: 2232 BOWNESS Road NW in Calgary: West Hillhurst House for sale : MLS®# C4279080
    • Photo 47: 2232 BOWNESS Road NW in Calgary: West Hillhurst House for sale : MLS®# C4279080
    • Photo 48: 2232 BOWNESS Road NW in Calgary: West Hillhurst House for sale : MLS®# C4279080
    • Photo 49: 2232 BOWNESS Road NW in Calgary: West Hillhurst House for sale : MLS®# C4279080
    • Photo 50: 2232 BOWNESS Road NW in Calgary: West Hillhurst House for sale : MLS®# C4279080
    $630,000
    Attached
    Status:
    Active
    MLS® Num:
    C4279080
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    1,870 sq. ft.
    What a great price and an opportunity to live in the quiet sort after community of West Hillhurst. This 2 story attached infill with developed basement has over 2657 sqft of living space with 4 bedrooms and 3.5 bathrooms and lots of potential here for investment or homeownership. The main floor features, spacious kitchen with granite countertops and plenty of storage, breakfast nook, formal dining room, living room, office, mudroom and a 2 piece powder room completes this level. Head upstairs for the Master bedroom which includes 5 piece ensuite, and walk-in closet, 2 further bedrooms, 4 piece family bathroom and the always enviable upper-level laundry room. The fully developed basement, with a family room, bedroom and 4 piece bathroom would be perfect for guests or growing teens! Don't let this one pass you by....you'll be sorry. More details
    Listed by RE/MAX FIRST
    Dean Martin
  • 35 COUGARSTONE Point(e) SW in Calgary: Cougar Ridge House for sale : MLS®# C4279135

    Main Photo: 35 COUGARSTONE Point(e) SW in Calgary: Cougar Ridge House for sale : MLS®# C4279135
    • Photo 1: 35 COUGARSTONE Point(e) SW in Calgary: Cougar Ridge House for sale : MLS®# C4279135
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    • Photo 47: 35 COUGARSTONE Point(e) SW in Calgary: Cougar Ridge House for sale : MLS®# C4279135
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    • Photo 49: 35 COUGARSTONE Point(e) SW in Calgary: Cougar Ridge House for sale : MLS®# C4279135
    • Photo 50: 35 COUGARSTONE Point(e) SW in Calgary: Cougar Ridge House for sale : MLS®# C4279135
    $843,800
    Detached
    Status:
    Active
    MLS® Num:
    C4279135
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    2,315 sq. ft.
    PRESTIGIOUS HOME ON ONE OF THE BEST WATERFRONT LOTS IN COUGAR RIDGE... short walk to the Calgary Waldorf School, The French and International School and local shopping districts, transit stops, and local entertainment hubs... ALL WHILE ENJOYING A QUIET, SERENE LOCATION, overlooking the POND, with a MASSIVE PIE SHAPED LOT, meticulously maintained inside and out! Brilliantly landscaped with Rundlestone rock firming the bedrock of a private patio with newly constructed privacy enclave, and firepit for back yard entertaining. Bring your friends, family, even the entire block to party with you! Stunning vista views from all 3 levels — ski hill, mature trees, private pathways, space for winter skating, ball hockey in the quiet cul-de-sac where your kids can play safe. Inside you will find a dramatic 2-story ceiling in the great room with huge windows to enjoy the serene views of the pond and ski hill and open main floor offering grand spaces for entertaining. More details
    Listed by RE/MAX REAL ESTATE (CENTRAL)
    Dean Martin
  • 3204 1620 70 Street SE in Calgary: Applewood Park Condo for sale : MLS®# C4278815

    Main Photo: 3204 1620 70 Street SE in Calgary: Applewood Park Condo for sale : MLS®# C4278815
    • Photo 1: 3204 1620 70 Street SE in Calgary: Applewood Park Condo for sale : MLS®# C4278815
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    • Photo 16: 3204 1620 70 Street SE in Calgary: Applewood Park Condo for sale : MLS®# C4278815
    $109,000
    Apartment
    Status:
    Active
    MLS® Num:
    C4278815
    Bedrooms:
    1
    Bathrooms:
    1
    Floor Area:
    537 sq. ft.
    Great investment! GREAT PRICED CONDO IN APPLEWOOD AREA! Why rent when you can own your own condo unit. Has GOOD SIZE Master bedroom with a living room and In-Suite laundry and has a good view on your own balcony. This unit is a GREAT OPPORTUNITY FOR YOU! Close to COSTCO and shopping area is less than 5mins away. Close to STONEY TRAIL which give you EASY ACCESS everywhere you need to go! Call now to book your showing! More details
    Listed by CIR REALTY
    Dean Martin
  • 132 CRANFORD Court SE in Calgary: Cranston House for sale : MLS®# C4278553

    Main Photo: 132 CRANFORD Court SE in Calgary: Cranston House for sale : MLS®# C4278553
    • Photo 1: 132 CRANFORD Court SE in Calgary: Cranston House for sale : MLS®# C4278553
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    $229,900
    Attached
    Status:
    Active
    MLS® Num:
    C4278553
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    1,130 sq. ft.
    WOW!! You haven't seen an opportunity like this before. Located in the 'Mosaic Cranston', this fully developed END UNIT features: a large living room with very large windows overlooking the south facing patio; a large dining room with hardwood flooring open to the kitchen; a terrific kitchen with lots of cabinet & counter space as well as a breakfast bar; CENTRAL AIR CONDITIONING; a 2 piece powder room on the main floor; 2 bedrooms upstairs, including a large master and both with enusite bathrooms and walk-in closets; a double attached garage. All this and an awesome location within walking distance for daily shopping or a slightly longer walk to the NEW SOUTH HEALTH CAMPUS and the abundance of shopping and entertainment surrounding it. Don't miss this one!! More details
    Listed by RE/MAX LANDAN REAL ESTATE
    Dean Martin
  • 406 EVANSDALE Way NW in Calgary: Evanston House for sale : MLS®# C4278948

    Main Photo: 406 EVANSDALE Way NW in Calgary: Evanston House for sale : MLS®# C4278948
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    $359,900
    Detached
    Status:
    Active
    MLS® Num:
    C4278948
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,472 sq. ft.
    Welcome to this one owner house in Evanston. Main floor features living room, kitchen, dining room, office and half bath. Upstairs you will find spacious master bedroom with ensuite bathroom, 2 more good size bedrooms and 2nd full bathroom. Located in quiet street and close to park, shopping and public transit, this house is ideal for first time home buyer or for investment. Book you private showing today! More details
    Listed by GRAND REALTY
    Dean Martin
  • 169 BRIGHTONWOODS Garden(s) SE in Calgary: New Brighton House for sale : MLS®# C4278941

    Main Photo: 169 BRIGHTONWOODS Garden(s) SE in Calgary: New Brighton House for sale : MLS®# C4278941
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    • Photo 32: 169 BRIGHTONWOODS Garden(s) SE in Calgary: New Brighton House for sale : MLS®# C4278941
    $480,000
    Detached
    Status:
    Active
    MLS® Num:
    C4278941
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    1,911 sq. ft.
    Beautiful home to add your family & furniture too! This 2 storey, walkout, FULLY FINISHED, 4 bedroom + BONUS ROOM, backing onto school yard and fields is way to good to pass up! Much thought and attention to detail was poured into this perfect home inside & out. No carpet just amazing engineered hardwood, tile, laminate, and unique pebble floor in Master En Suite. Walk into an inviting gourmet kitchen and get your best recipes out. Granite throughout and a massive Breakfast Bar. I love the Built in Pantry and then you also get a Corner pantry. Kitchen Storage galore! Living area has a feature wall that will catch everyone's eye. The patio doors entering the Back deck are fabulous and I can imagine many days spent out there in the summer, very private. Up stairs is a large Bonus Room for the whole family and three bedrooms. Master comes with 4 pce en suite and walk in closet. If that's not enough room then head to lower level with 4 pce bath, rec room and 4th bedroom. Foreclosure, sold "AS IS WHERE IS" More details
    Listed by CIR REALTY
    Dean Martin
  • 132 ABALONE Place NE in Calgary: Abbeydale House for sale : MLS®# C4278978

    Main Photo: 132 ABALONE Place NE in Calgary: Abbeydale House for sale : MLS®# C4278978
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    • Photo 10: 132 ABALONE Place NE in Calgary: Abbeydale House for sale : MLS®# C4278978
    $229,000
    Attached
    Status:
    Active
    MLS® Num:
    C4278978
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    860 sq. ft.
    RENTING, WHY ??? Opportunity awaits NO CONDO FEES with 3 bedrooms, 2 baths and a hugh yard why not make me your own. well kept home on a big pie shape cul de sac lot. 2 bedrm on main floor. Fully dev. basement w. family room, 3pcs bath, and one bedroom, easy to separate up and down entrances. patio door to covered deck The upper bath has a deep jetted tub, the lower has a shower. The lower level windows are full sized to make daytime bright and cheery, while the stone feature wall fireplace makes the family room an ideal place to cozy up on a cool night. *****NOTE THE SIZE OF THE YARD***** at 440 square meters or 4736 square feet it is huge, with plenty of room for a multi car garage & workshop while keeping the big tree. Call NOW before is gone. Thanks for showing More details
    Listed by RE/MAX REAL ESTATE (MOUNTAIN VIEW)
    Dean Martin
  • 2102 130 PANATELLA Street NW in Calgary: Panorama Hills Condo for sale : MLS®# C4278566

    Main Photo: 2102 130 PANATELLA Street NW in Calgary: Panorama Hills Condo for sale : MLS®# C4278566
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    • Photo 40: 2102 130 PANATELLA Street NW in Calgary: Panorama Hills Condo for sale : MLS®# C4278566
    $170,000
    Apartment
    Status:
    Active
    MLS® Num:
    C4278566
    Bedrooms:
    2
    Bathrooms:
    2
    Floor Area:
    879 sq. ft.
    Opportunity awaits for ownership in this very affordable and spacious 2BR condo. Bright and cheery end unit with extra windows. Two bedrooms including a generous master with a walk-in closet and a full ensuite. Vinyl flooring throughout with exception of carpeted bedrooms and a tiled foyer. A modern kitchen with a breakfast bar adjacent to the living room, cozy den with a work desk. Conveniently located with the suite walkout from west facing 12x6ft ground floor deck with stairs leading to the parking lot. (you have the option of entering your home from the sliding deck doors and you can avoid the main entrance and walking through hallways. An excellent feature if you have a pet that enjoys that daily walk with the family.) Close to all amenities, shopping and public transportation. Titled parking along with a fenced, secure storage area in the underground parkade. Priced to move. See the pics then call to make an appointment before its too late. More details
    Listed by RE/MAX FIRST
    Dean Martin
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Data was last updated December 12, 2019 at 05:30 AM (UTC)
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