Foreclosures in Calgary is the legal process by which a mortgagee, or other lien holder, usually a lender, obtains a termination of a mortgagor's equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure). Usually the bank or lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the Calgary property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt.
This Is A Civil Enforcement Sale Under Section 7 Of The Civil Enforcement Act In Alberta. The Listed Price Represents A 50% Ownership In The Property. There Are Currently Two Parties On Title And One Has Incurred A Debt That Has Not Been Paid. T...
***court Ordered Sale*** Purchase Price Is For A Registered Half Interest On Title (fractional Ownership). ***equity Position Only!*** (financial Investment)any Potential Purchaser May Not Have Possession Of This Property. Sorry No Showings On Thi...
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Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.
Listing information last updated on July 18th, 2018 at 5:45am CDT.