Files of the Broker: Property Tax Arrears & Judicial Sale
The consequences of not paying property taxes are not well appreciated. In my last blog entry I explained the term Judicial Sale and highlighted that this legal process is a great opportunity to acquire undervauled properties in cottage country. More often than not the cause is the non-payment of property taxes. The other day ...
Monday Mortgage Minute for July 19th
A brief video while I am on the road through the Prairies on my way from Toronto to Vancouver. For current mortgage interest rates and information don’t hesitate to contact Arnold Molder. I’ll be back at the end of
Mortgage Interest Rates for July 12th
I was out of the city this past Monday camping in Killbear Park far from any internet connection making it impossible to get my Monday Mortgage Minute up. I’ll just briefly post the current rates for anyone who is looking to see how rates have changed since last week. Chris Molder – Son Of ...
Files of the Broker: What Is a Judicial Sale?
In my last post I wrote about an astute investor who exploited the opportunity of a Judicial Sale when he bought a unique, mixed-use property, for a bargain price of under $100,000. Such opportunities come up frequently but are missed by most people because they don’t know where to look specifically. In addition, the ...
Monday Mortgage Minute – Interest Rates July 5th 2010
All signs are pointing to lower fixed-rate mortgages again for the 3rd time this year. Bond yields are low and as a result, we are seeing fixed-rate mortgage prices dropping just a little bit further this week. The Bank of Canada has also dropped its benchmark qualifying rate for high ratio mortgages by 0.10%. ...
Files of the Broker: Oddball Property Private Mortgage Financing
What do you get when you try to buy a property that was once a jail, fire hall, dance hall & town hall? A financing conundrum. This is exactly what one of our clients purchased, where we provided private mortgage financing. The purchase is even more remarkable when you consider that the jail, fire-hall, ...