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Category Archives: For Sale

Power of Sales – Foreclosures – Bank Sales in Mississauga and GTA

You have found the sign-up page to automatically receive MLS Listings of Power of Sales, Foreclosures and Bank Sales Alert, POS Properties for Mississauga, Toronto, Etobicoke, Oakville, Brampton and other areas north and west of the GTA as they are listed on the TREB MLS system,

You have two options on this page.  You can see the current Power of Sale Properties at this page which is updated once every 2 weeks or you can sign up below to receive an email twice per week showing new POS properties as they come on the market.

Would you like to automatically receive new MLS listings of residential Power of Sales or Bank sales or Foreclosures in the entire GTA, including Mississauga, Toronto, Milton, Oakville, Newmarket, Vaughan, Markham, Brampton and Etobicoke areas?  This would include new power of sale and bank sale listings as they are added to the TREB MLS database system by RE/MAX Realty Specialists Inc. and other brokerages.  You may fill in the fields below and click the Subscribe button below.  What is a power of sale property? POS disclaimer
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What is a Power of Sale Property?Power of Sales Properties

In Ontario when a borrower defaults on a home mortgage, the bank/lender most often attempts to recover its losses by selling the property using the Power of Sale clause contained in the mortgage.  Due to legal fees, foregone interest and other property expenses, the estimated losses to the bank for Power of Sale properties can range from 10 percent to 30 percent of the outstanding loan balances.  There are other variables that can affect the losses or costs when a property is sold via power of sale such as the deterioration of the property and the time it takes to process the paperwork.

Definition of Power of Sale:  A clause commonly inserted in a mortgage and deed of trust that grants the creditor or trustee the right and authority, upon default in the payment of the debt, to advertise and sell the property through any means at it’s disposal, usually MLS in Ontario or at public auction, without resorting to a court for authorization to do so.

Once the creditor is paid out of the net proceeds, the property is transferred by deed to the purchaser, and the surplus, if any, is returned to the debtor.  The debtor is thereby completely divested of any interest in the property and has no subsequent right of redemption (recovery of property by paying the mortgage debt in full).

Power of Sale and Tax Sale properties – questions and answers

You may wish to learn more and read a very detailed analysis of Power of Sale Properties

You will often see advertisements about Court Auctions, Pre-Forclosures, Homeowners in Bankruptcy, HUD Homes, VA Homes, Government homes and similar sounding wording.  In my experience, some of these types of investment property opportunities come out of the US and are not as common here in Ontario.  In our trading area, most of the POS, Tax Sale properties or foreclosure properties are put on the MLS.  The reason for this is that our provincial laws are very strict about the procedure and marketing of a power of sale property and the company or person who is initiating the power of sale must do their best to obtain what is called TRUE market value as opposed to fair market value for the property, otherwise if the property is sold too far under TRUE market value, the owner could sue them for the difference.

Power of Sales | Foreclosures | Bank Sales in Mississauga and GTA Oakville sign-up page to automatically receive MLS POS Listings Toronto, Etobicoke, Oakville and Brampton

Read more about Tax Sale Properties.
You will receive a very fast answer from me, thank you and have a great day!  Lindsay
 Example of a Luxury Power of Sale Property   Example of a Rural Power of Sale Property   Example of a Mississauga Luxury Property Forecosure Property for Sale   Another type of Power of Sale Property along Mississauga Road in the GTA
You will find that there are many types of the power of sale and foreclosure homes in Mississauga and surrounding areas.  The homes pictured above are similar to many home styles that you will find here in Mississauga and just outside of the GTA.  Let me show you how you can find these types of Power of Sale homes and show you how you can afford to move up to your dream home.  Please email me at info@mississauga4sale.com  Or, you may use this form to sign up to my POS newsletter.You will often see advertisements about Court Auctions, Pre-Forclosures, Homeowners in Bankruptcy, HUD Homes, VA Homes, Government homes and similar sounding wording.  In my experience, some of these types of investment property opportunities come out of the US and are not as common here in Ontario.  In our trading area, most of the POS, Tax Sale properties or foreclosure properties are put on the MLS.  The reason for this is that our provincial laws are very strict about the procedure and marketing of a power of sale property and the company or person who is initiating the power of sale must do their best to obtain what is called TRUE market value as opposed to fair market value for the property, otherwise if the property is sold too far under TRUE market value, the owner could sue them for the difference.

 (Some area restrictions may apply)


You may wish to learn more and read a very detailed analysis of Power of Sale Properties
Estate Sales Properties emails of estate sales

Power of Sale and Tax Sale properties – questions and answers

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In this Mississauga, (Erin Mills, Churchill Meadows, Sawmill Valley, Credit Mills and or Meadowvale ) Ontario Canada Real Estate Property web site you will find information regarding:

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Our goal is to provide you with all the information you need to make the best decision for you and your family. This website is packed with resources to help you make informed choices when buying or selling real estate in Mississauga, Toronto, or the GTA.
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You will find many pages at this real estate information based website contained in six main sections:

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Critical information if you are thinking of selling your home in Mississauga.  almost all buyers in Canada now do their home searching online! If you are thinking of selling your home, you have to stop and consider that when it comes to buyers searching for a home in Mississauga, this website that you are now reading is near the top website on Google for Mississauga Real Estate.
  • There are many excellent reasons to choose this real estate website as your most valuable Mississauga Real Estate Property and MLS Homes for Sale resource
  • Mississauga Real Estate Listings, MLS Properties and Homes for Sale, Real estate listings, real estate agent, Sell a home in Mississauga Ontario or properties for sale in real estate – how to buy home Mississauga realestate – townhome and semi detached homes for sale in Mississauga Ontario – Mississauga Real Estate Listings, MLS Properties and Homes for Sale, Real estate listings, real estate agent, Sell a home in Mississauga Ontario or properties for sale in real estate – how to buy home Mississauga realestate – townhome and semi detached homes for sale in Mississauga Ontario-You can Find Your House With The Click Of a Mouse! Begin your real estate research of the multiple listing service, view MLS Homes for sale, experience virtual tours and more!
  • As part of our ongoing commitment to you and the Real Estate market in Mississauga and the GTA, we carry out extensive research and produce a monthly On-Line Mississauga Real Estate Newsletter that is packed with the latest price trends for Mississauga, Toronto and the GTA Real Estate marketplace, where to find the best mortgage rates and it gives you excellent advice that is ‘distilled’ from our experience of more than thirty five years in the Mississauga real estate business.

Lindsay Schenk, Broker “The Internet Realtor®”

Welcome to mississauga4sale.com“The Ultimate High-Tech Website for Intelligent Buyers and Sellers of Real Estate in Mississauga” © (TM)

RE/MAX ® Realty Specialists Inc., 2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
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Welcome to our Mississauga Real Estate website.  As a licensed Professional Real Estate Broker, we are equipped to effectively serve your Real Estate needs within any of these areas:

  • Toronto Regional Real Estate Board (TRREB)
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We will provide a high degree of detail management with valuable and timely information (as you can see at this website) when you sell your home with me or when you purchase your next home.  Why?  Because we are  “High-Tech Agents”

You can be confident that all your needs will be taken care of and that our job is to give you all the information so you can make the best decision for yourself and your family.

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Congratulations!  You have reached your journey’s end – you’ve finally found the premier “High-Tech” Agent in Mississauga – with all the answers and explanations to your Real Estate questions -stop grappling with the perplexities of real estate and learn all the answers right here – you can examine the real estate selling pitfalls to avoid or the best time of year to sell and much more information and details when you sell your home – all in your own backyard – Mississauga, Ontario!  Then you can make the best decision for yourself and your family – before you sell or buy your next home.  We are here to help you every step of the way.

How can we help You?  “As a Professional Real Estate Agent, my job is to provide you with all the information so you can make the best decision for yourself and your family. ” © AMA

You can research homes for sale in your area –scrutinize home prices – discover home price trends – study mortgage interest rates trends – and more all from the privacy of your office or home.   There is even a section at our website with help for sellers who are “for sale by owners” (FSBO’s)

Other sections of our site include: Mississauga Real Estate Property Listings, MLS properties, tips on relocation to Mississauga, Oakville or Toronto and the GTA, secrets and insights when buying and selling Homes, information on RE/MAX realtors, I’ll show you how you can save money when you list your home on the mls, good questions to ask Partners Section Partner and Related Sites: Real Estate Power of Sale Blog that we have created |   Resources partners section of this site   prospective realtor, pitfalls to avoid and much more
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Mississauga Real Estate Homes, Townhomes and Condos for Sale  | Privacy-Policy | Guarantees | All Pages including SiteMap and Mississauga Real Estate Blog all maintained by AMA email Lindsay regarding homes and properties for sale in Mississauga, Erin Mills, Meadowvale, Streetsville,Credit Mills or ChurchillMeadows, Ontario,Canada and surrounding areas : Lindsay Schenk of REMAX welcomes your inquiry! info@mississauga4sale.com Copyright © Lindsay Schenk, Broker, RE/MAX Realty Specialists Inc., Brokerage and AMA Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  First created – Tuesday, July 16th, 1996 at 3:48:41 PM –
Last Update of this website: Fri, 11 Oct 2024 05:14:30 +0000