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The featured Edmonton foreclosure properties below have all been listed within the last 14 days.

Your Foreclosure Buying Experts

Buying a foreclosure property in Edmonton can be a great opportunity, but because the process differs from buying regular real estate and can include risks not common in the regular Edmonton real estate market, it's extremely important you work with an Edmonton REALTOR® experienced with the foreclosure market. The Edmonton Foreclosure Mentors understand the intricacies of buying a foreclosure property, and can help you navigate the foreclosure market with confidence.

Whether you're looking for an investment property or a home of your own contact an Edmonton Foreclosure Mentor today

Why Buy An Edmonton Foreclosure?

There are many reasons to investigate buying within the local Edmonton Foreclosure real estate market. Often these homes are priced significantly lower than comparable homes in the regular market, and while they sometimes need a little (or even a lot) of TLC, you can also find Edmonton foreclosure homes and condos that are in great condition, making these bargain homes and investment properties.

What Is A Foreclosure?

An Edmonton foreclosure property is a property being sold by the courts or banks, typically because the original owner has defaulted on their mortgage, gone through a bankruptcy, or had their home seized for some reason. Since the courts have no interest in using the property, they almost always want to sell these properties as quickly as possible. When you buy a foreclosure property you negotiate directly with the lender (usually a bank), the courts, or an asset management company hired to liquidate the property: the original homeowner is not involved in the sale.

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Foreclosures FAQLearn more about Edmonton Foreclosures, what they are, and how they're different from regular real estate sales.

Buying Edmonton Foreclosures

Edmonton foreclosure properties can be great deals, but it's important to understand the process of buying a foreclosure home can be very different from buying a regular home. Remember that you'll be buying a property from the courts or a bank: they'll want to sell quickly, but you'll also have to purchase the home "As Is", which means it may be damaged, may be missing key appliances, and may need major work. Edmonton Foreclosure properties don't come with any warranties, and the courts often prefer unconditional offers, which means you may have to decide to purchase the home without the comfort of a home inspection. In some cases, you may even have to close the deal with the property "sight unseen", based only on the information provided by the listing.

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Foreclosure ProcessThe process of buying an Edmonton Foreclosure can be very different. See the step-by-step process.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.