Foreclosures in Fort McMurray

Information on Foreclosures

People try to find foreclosure listings for sale because they are looking for a deal. And it's true that much of the time, the list prices of foreclosures (and other types of distressed listings) are lower than the list prices of generic homeowners. It's all about risk, work & reward.

Foreclosure is the process where lenders (often banks) become the owners of homes because the previous homeowners have stopped paying a mortgage. Banks (or their lawyers, acting as agents) list these homes for sale in order to recover their investments. Generally, those agents specify what kind of contract they require the buyer to sign. They may be listed "as is where is" or "as is where is on possession", which mean different things (differing levels of risk). They may or not be discounted for this risk...

Sometimes foreclosures and court listings are good deals, but not always, and don't forget that generic listings can be well priced, too.

Often it is possible to have a property inspection as well as a financing condition during the purchase of a foreclosure, but not always. The properties below have either been listed by their REALTORS® either as "court sales", "bank/financial institution-owned" or "foreclosure".

View Our Featured Foreclosures Listings Below

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106 Pickles Crescent

Timberlea 4 Bed 3 Bath 1387sqft

RE/MAX FORT MCMURRAY

249 Gregoire Drive #305

Gregoire Park 2 Bed 2 Bath 901sqft

EXP REALTY

256 Belgian Green

Prairie Creek 3 Bed 2 Bath 1420sqft

RE/MAX FORT MCMURRAY

139 Wolff Way

Wood Buffalo 5 Bed 3 Bath 1163sqft

ROYAL LEPAGE TRUE NORTH REALTY

22 Moberly Crescent

Downtown 5 Bed 2.5 Bath 1154sqft

EXP REALTY

Virtual Tour

Foreclosure

Reduced

135 Wolff Way

Wood Buffalo 4 Bed 3 Bath 1155sqft

ROYAL LEPAGE TRUE NORTH REALTY

312 Ermine Crescent

Thickwood 6 Bed 3 Bath 1598sqft

ROYAL LEPAGE TRUE NORTH REALTY

137 Grenfell Crescent

Gregoire Park 3 Bed 2 Bath 1224sqft

COLDWELL BANKER FORT MCMURRAY

10217 Queen Street #207

Downtown 2 Bed 2 Bath 756sqft

ROYAL LEPAGE TRUE NORTH REALTY

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Real Estate Statistics
Average Price:
$217,045
Highest Price:
$485,000
Lowest Price:
$58,000
Average Bedrooms:
3
Average Bathrooms:
3

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(780) 804-4800

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