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".

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Foreclosure

Reduced

135 Wolff Way

Wood Buffalo 4 Bed 3 Bath 1155sqft

ROYAL LEPAGE TRUE NORTH REALTY

200 Lougheed Drive #4112

Eagle Ridge 2 Bed 2 Bath 1158sqft

ROYAL LEPAGE TRUE NORTH REALTY

193 Gregoire Crescent

Gregoire Park 3 Bed 2 Bath 1200sqft

COLDWELL BANKER FORT MCMURRAY

112 Swanson Crescent

Timberlea 6 Bed 3 Bath 1153sqft

RE/MAX FORT MCMURRAY

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Foreclosure

Reduced

98 Wilson Drive #1

Wood Buffalo 3 Bed 3.5 Bath 1398sqft

RE/MAX FORT MCMURRAY

10217 Queen Street #203

Downtown 2 Bed 2 Bath 1148sqft

RE/MAX FORT MCMURRAY

108 Denholm Gate #205

Downtown 1 Bed 1 Bath 842sqft

RE/MAX FORT MCMURRAY

192 Elm Street

Timberlea 3 Bed 2 Bath 1509sqft

EXP REALTY

201 Arabian Drive #808

Prairie Creek 3 Bed 2 Bath 949sqft

RE/MAX FORT MCMURRAY

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Real Estate Statistics
Average Price:
$210,504
Highest Price:
$714,900
Lowest Price:
$49,900
Average Bedrooms:
3
Average Bathrooms:
3

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