Has anyone bought court ordered sale in Canada?

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Has anyone bought court ordered sale in Canada?

Jefferson Bautista
New to Real Estate · Vancouver, Canada · Member since 2022 · 9 posts · 4 votes

As the title says, has anyone bought a court ordered sale in Canada?

This unit I am looking at is an apartment in Vancouver BC selling for $600K and is completely trashed with piles of trash and kitty litter bags tossed in the closet. 

Has anyone bought anything like this - a hoarder's house as a court ordered sale?

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  • Stevo Sun
    Calgary, AB · Member since 2021 · 327 posts · 176 votes
    4y
    Quote from @Jefferson Bautista:

    As the title says, has anyone bought a court ordered sale in Canada?

    This unit I am looking at is an apartment in Vancouver BC selling for $600K and is completely trashed with piles of trash and kitty litter bags tossed in the closet. 

    Has anyone bought anything like this - a hoarder's house as a court ordered sale?


     I think its just a no condition sale. You need to be comfortable with the added risk and budget for potential issues.

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  • Steven Silman
    Rental Property Investor · Vancouver, BC · Member since 2020 · 57 posts · 25 votes
    4y

    Yes, it's a lot like a regular purchase but a judge will have to approve the purchase contract and you likely can't have any conditions.

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  • Dwayne Poster
    Investor · Van Isle · Member since 2021 · 455 posts · 226 votes
    4y

    and you may have competitive bids where its sent back to all bidders for a closed bid response. 

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