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Updated over 8 years ago on . Most recent reply

ForceClosures
Hello Friends,
I hope everyone is doing great.
Does anyone know how to find ForceClosures list in Windsor(Ontario) area.
Thanks alot
Aditya Soma
Most Popular Reply

I'm sure I responded to another post of yours about foreclosures.
Here is a recap:
- Ontario uses power of sale, not judicial foreclosure. A consequence of this is properties will normally be listed with realtor on MLS;
- Canadian mortgage arrears rates are low (<1%) and defaults even lower in comparison to the U.S.A. That means there will not be a large number of mortgage sales.
- Things like foreclosure lists - aside from required publishing of mortgage sales in the Ontario Gazette / Royal Gazette - are not readily available in Canada as our privacy laws make trading in such information illegal.