Purchasing a foreclosure in London Ontario by real estate expert Kathy Mendham-Meathrel

Are you interested in purchasing a VA foreclosure? Your broker Kathy Mendham-Meathrel if he has registered will have received a listing of their homes. They offer these homes at a fair price.

When the VA sells the homes, they basically sell the house on an installment plan. You won’t receive the deed unless you have put 25% down or until you pay 75% of the purchase price. Now eve though you don’t have the deed, you do have equitable ownership in your home in London Ontario.

Basically the house in London Ontario is your. You can do anything that you want to it as long as you don’t minimize the security of your home.

If you decide that you want to sell the house later on, you would sell it just like any other house in London Ontario. The VA will be paid just as if you were paying someone for their house and whoever purchases the house in London Ontario will get the deed from the VA or the Veterans Administration.

Remember that this is all an example of bank owned property, and the bank does not want these houses. They are looking to do whatever they can to get rid of that property. It doesn’t look good on their financial worksheets, so if you come to them with an offer and have good credit, then they will help you to purchase the property in London Ontario.

There is a lot of free information available to you about buying, selling or investing in London Ontario real estate. For complete information about the London Ontario real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything London Ontario real estate at www.kathymm.ca. Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions.

Kathy Mendham-Meathrel
Sales Representative
Realty Executives Elite Ltd. Brokerage
London Ontario Real Estate Agents
7-515 Wellington Road South
London Ontario
N6C 4R3
(519) 649-6900

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 Tags: London Ontario Real Estate, Agent, For Sale, Foreclosed Homes, Power of Sale, Bank Owned

Article's Author

Kathy Mendham-meathrel
Realty Executives Elite Ltd Brokerage
London, ON

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