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Foreclosure Houses for Sale

Explore BC Foreclosure Houses for Sale, including court ordered detached homes throughout Metro Vancouver and the Fraser Valley. This page features current MLS® foreclosure listings for detached houses, from entry-level properties to larger family homes and investment opportunities. Buying a foreclosure or court ordered sale is different from a conventional real estate purchase, with specific procedures, conditions and court approval requirements that buyers should understand before making an offer. Browse the latest available properties below and check back regularly as new foreclosure houses are added to the market.

Foreclosure Houses for Sale in BC – Court Ordered Detached Homes

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  • 14840 89 Avenue, Surrey - Bear Creek Green Timbers

    14840 89 Avenue Bear Creek Green Timbers Surrey V3R 7C4
    Main Photo: 14840 89 Avenue, Surrey - Bear Creek Green Timbers
    $2,150,000
    Residential
    Status:
    Active
    MLS® Num:
    R3164752
    Bedrooms:
    8
    Bathrooms:
    8
    Floor Area:
    4,710 sq. ft.
    Welcome to this exceptional approximately 4,700 sq. ft. 3-year-old home, built with high-quality craftsmanship and situated on a huge 9,000+ sq. ft. lot in a quiet cul-de-sac offering excellent privacy. This spacious and thoughtfully designed home features 5 bedrooms and 6 washrooms for the owner's use, including 4 generously sized bedrooms upstairs, each complete with its own ensuite washroom for maximum comfort and convenience. The main floor offers a welcoming living room, separate family room, convenient powder room, spice kitchen, and a spacious bedroom with a full washroom—ideal for guests or extended family. The property also includes 2 mortgage helpers, both currently rented, providing excellent income potential. With its impressive size, quality construction, functional layout, mu More details
    Listed by Century 21 Coastal Realty Ltd.
    AMAR SHAN
    DANA BALAN
  • 17234 Jersey Drive, Surrey - Cloverdale BC

    17234 Jersey Drive Cloverdale BC Surrey V3S 4X5
    Main Photo: 17234 Jersey Drive, Surrey - Cloverdale BC
    $990,000
    Residential
    Status:
    Active
    MLS® Num:
    R3165356
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    1,400 sq. ft.
    WOW!! Prime rancher one level home located in a great neighbourhood with loads of mature landscaping. a previous owner did a renovation, kitchen, baths, flooring, paint, etc. Home shows great inside and out. You will love the big lot with a large fully fenced rear yard. The garage is partial storage and partial finished for a nanny quarters with a separate entrance. Sit out back on the almost 400 sq/ft covered patio, and enjoy watching your kids play in the backyard. RV or 5th Wheel parking along the side of the home and large driveway parking, there is room for everything. Walking distance to George Greenaway Elementary and Lord Tweedsmuir Secondary and close to all amenities and easy access to 176th and No 10 Hwy. More details
    Listed by Royal LePage West Real Estate Services
    AMAR SHAN
    DANA BALAN
  • 8590 151a Street, Surrey - Bear Creek Green Timbers

    8590 151a Street Bear Creek Green Timbers Surrey V3S 3J9
    Main Photo: 8590 151a Street, Surrey - Bear Creek Green Timbers
    $1,400,000
    Residential
    Status:
    Active
    MLS® Num:
    R3164755
    Bedrooms:
    5
    Bathrooms:
    2
    Floor Area:
    2,835 sq. ft.
    Excellent Opportunity for First-Time Home Buyers & Investors! This well-located home sits on a generous 8,700 sq. ft. corner lot and offers an ideal combination of space, location, and income potential. Perfect for first-time buyers looking to enter the market or investors seeking a property with strong rental potential, this home features a mortgage helper to assist with monthly expenses. Conveniently located close to shopping, schools, parks, transit, and all major amenities, this property offers excellent accessibility and everyday convenience. The spacious corner lot provides plenty of outdoor space and future possibilities, making this a fantastic opportunity to own in a desirable and convenient location. More details
    Listed by Century 21 Coastal Realty Ltd.
    AMAR SHAN
    DANA BALAN
  • 11699 Carr Street, Maple Ridge - West Central

    11699 Carr Street West Central Maple Ridge V2X 5N1
    Main Photo: 11699 Carr Street, Maple Ridge - West Central
    $1,425,000
    Residential
    Status:
    Active
    MLS® Num:
    R3164096
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    2,339 sq. ft.
    Beautiful 4 bed, 4 bath family home situated on an impressive 1/4+ acre lot in West Maple Ridge, offering plenty of space and an excellent location close to the city centre. The home offers a comfortable layout with generous room sizes and plenty of space for the whole family. The main level also provides flexibility for extended family or guests. Enjoy a spacious backyard with room to entertain, garden and make the most of the outdoors, along with ample parking and a single-car garage. Ideally located close to everything Maple Ridge has to offer, including Ridge Meadows Hospital, Maple Ridge Secondary, Walmart, the Leisure Centre, West Coast Express, transit, parks, trails, restaurants, shopping and other everyday amenities. More details
    Listed by RE/MAX LIFESTYLES REALTY
    AMAR SHAN
    DANA BALAN
  • 1329 Appin Road, North Vancouver - Westlynn

    1329 Appin Road Westlynn North Vancouver V7J 2T4
    Main Photo: 1329 Appin Road, North Vancouver - Westlynn
    $2,135,000
    Residential
    Status:
    Active
    MLS® Num:
    R3164013
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    3,458 sq. ft.
    FORECLOSURE OPPORTUNITY! A rare chance for builders, renovators and buyers looking to create something special. This 3,458 sq.ft. home sits on an impressive 16,000+ sq.ft. lot with a sunny west-facing backyard and outstanding potential. The main home offers 2 bedrooms up, including a primary with ensuite, plus 2 bedrooms, bathroom and laundry below. A permitted, self-contained 1-bedroom suite added in 2015 features its own kitchen, laundry and entrance. Renovate, hold or explore building new: potential for a ~4,000–4,500+ sq.ft. home, secondary suite and coach house up to ~969 sq.ft., subject to City approval. Incredible lot, great location, endless possibilities. OPEN HOUSE Saturday September 19th from 2pm to 4pm More details
    Listed by eXp Realty
    AMAR SHAN
    DANA BALAN
  • 21528 Donovan Avenue, Maple Ridge - West Central

    21528 Donovan Avenue West Central Maple Ridge V2X 3A1
    OPEN HOUSE: Sep 20, 2026
    02:00 PM - 04:00 PM PDT
    Open House on Sunday, September 20, 2026 2:00PM - 4:00PM
    Main Photo: 21528 Donovan Avenue, Maple Ridge - West Central
    $1,388,888
    Residential
    Status:
    Active
    MLS® Num:
    R3163286
    Bedrooms:
    9
    Bathrooms:
    6
    Floor Area:
    4,803 sq. ft.
    RARE LOCATION AND SIZE at 4,803 sq/ft of purpose-built multigenerational living in the heart of West Central Maple Ridge! With a whopping nine potential bedrooms, six bathrooms, three kitchens including a dedicated wok kitchen for serious cooking, and a full legal 2 bed suite below for in-laws or income. Set on a quiet cul-de-sac with a south-facing rear yard, with a massive driveway for your RV/Boat/Trailer and all your vehicles! Walking distance to transit, school bus, Maple Ridge Secondary, and Memorial Peace Park. Short drive to West Coast Express or downtown Maple Ridge for all your shopping and restaurant needs. Or drive 5 minutes north for all your hiking, lakes/rivers, & outdoor recreational activities! 1st photo is virtually staged replacing green paint areas for example purposes. More details
    Listed by eXp Realty
    AMAR SHAN
    DANA BALAN
  • 1408 31st Street, West Vancouver - Altamont

    1408 31st Street Altamont West Vancouver V7V 4P5
    Main Photo: 1408 31st Street, West Vancouver - Altamont
    $4,788,000
    Residential
    Status:
    Active
    MLS® Num:
    R3163147
    Bedrooms:
    6
    Bathrooms:
    6
    Floor Area:
    5,820 sq. ft.
    Experience coastal luxury in this exceptional Altamont estate, offering over 5,000 sq. ft. of refined living on an expansive 18,084 sq. ft. lot. Featuring 6 bedrooms and 6 bathrooms, the residence showcases soaring ceilings, an open-concept layout, and walls of glass framing panoramic Burrard Inlet views. Hardwood, tile, granite, and quartz finishes complement a chef-inspired kitchen equipped with Sub-Zero, Wolf, LG, and Frigidaire appliances. Entertain in the theatre room or private suite with a second kitchen, then enjoy 1,200 sq. ft. of terraces, landscaped gardens, and a secluded swimming pool. Ideally located near top schools, beaches, ski hills, and shopping, this is elevated West Vancouver living. More details
    Listed by VIRANI REAL ESTATE ADVISORS
    AMAR SHAN
    DANA BALAN
  • 3390 Nanaimo Street, Vancouver - Renfrew Heights

    3390 Nanaimo Street Renfrew Heights Vancouver V5N 5G6
    Main Photo: 3390 Nanaimo Street, Vancouver - Renfrew Heights
    $999,000
    Residential
    Status:
    Active
    MLS® Num:
    R3162891
    Bedrooms:
    6
    Bathrooms:
    3
    Floor Area:
    2,667 sq. ft.
    Price isn't a typo! Investors, Developers and Builders - Great chance to build up your portfolio and invest in the future of this neighbourhood. REDEVELOPMENT potential within the TOA (Transit Oriented Area) at Tier 3 - 800 meters. Up to 8 stories or 3.0 FSR. Great potential to hold and/or build later. Large 8600 sqft lot. Court Order sale for 2/3 share of property, 1/3 share ALSO available to purchase for remainder of the property. As is where is. Please CALL Samantha for more details. More details
    Listed by Stilhavn Real Estate Services
    AMAR SHAN
    DANA BALAN
  • 10618 140 Street, Surrey - Whalley

    10618 140 Street Whalley Surrey V3T 4N8
    Main Photo: 10618 140 Street, Surrey - Whalley
    $1,299,900
    Residential
    Status:
    Active
    MLS® Num:
    R3162481
    Bedrooms:
    2
    Bathrooms:
    1
    Floor Area:
    1,480 sq. ft.
    Strategic investment opportunity in Surrey City Centre! R3 Urban Residential zoned property offering both current small scale housing potential and long term land assembly upside within Surrey's evolving City Centre. Priced below land assessed value, this property presents an opportunity for builders, investors and developers seeking to secure a position in one of Metro Vancouver's fastest growing neighbourhoods. Existing home offers holding income potential while future plans are explored. Court approval is not required for the sale. Buyers to complete their own due diligence regarding zoning, servicing, development potential, usable land area and City requirements. Contact your REALTOR® for the planning and development package. More details
    Listed by Oakwyn Realty Ltd.
    AMAR SHAN
    DANA BALAN
  • 2909 176 Street, Surrey - Grandview Surrey

    2909 176 Street Grandview Surrey Surrey V3Z 9V4
    Main Photo: 2909 176 Street, Surrey - Grandview Surrey
    $12,800,000
    Residential
    Status:
    Active
    MLS® Num:
    R3162084
    Bedrooms:
    6
    Bathrooms:
    8
    Floor Area:
    9,955 sq. ft.
    Prime Grandview Heights location! This 10,000 SF custom, gated estate sits on 4.46 acres, offering exceptional space, privacy and long-term potential. The three-level home features 7 bedrooms, 5 ensuites, a gourmet kitchen, formal living and dining areas, impressive home office, theatre room and oversized triple garage. Two unauthorized suites add further flexibility. Backing onto beautiful Country Woods, the property is close to Grandview Corners, Morgan Crossing, Pacific Heights Elementary, Grandview Heights Secondary, major routes and the Pacific Highway Border Crossing. Hazelnut trees, organic garlic production and a chicken coop offer agricultural opportunities and potential Farm Status. This is an excellent holding property. ALL OFFERS SUBJECT TO APPROVAL OF THE SUPREME COURT OF BC. More details
    Listed by Macdonald Realty (Surrey/152)
    AMAR SHAN
    DANA BALAN
  • 1126 Heywood Street, North Vancouver - Calverhall

    1126 Heywood Street Calverhall North Vancouver V7L 1H4
    Main Photo: 1126 Heywood Street, North Vancouver - Calverhall
    $2,599,000
    Residential
    Status:
    Active
    MLS® Num:
    R3162163
    Bedrooms:
    5
    Bathrooms:
    5
    Floor Area:
    3,065 sq. ft.
    Custom-built contemporary residence in sought-after Calverhall, designed by renowned architect Michael Cassidy. This elegant 3,000 sq ft home features 5 bedrooms + den, 5 bathrooms, and a bright 2-bedroom legal suite—perfect for extended family or mortgage helper potential. Thoughtfully designed with open-concept living, premium Thermador appliances, custom cabinetry, quartz countertops, Italian porcelain tile, radiant in-floor heating, A/C, built-in sound system, designer lighting, EV charging, and more. Backing onto Sunrise Park with serene greenbelt views, this home blends luxury, comfort, and functionality in a family-friendly neighbourhood. More details
    Listed by Sutton Group-West Coast Realty
    AMAR SHAN
    DANA BALAN
  • 15097 95 Avenue, Surrey - Fleetwood Tynehead

    15097 95 Avenue Fleetwood Tynehead Surrey V3R 7S3
    OPEN HOUSE: Sep 20, 2026
    12:00 PM - 01:30 PM PDT
    Open House on Sunday, September 20, 2026 12:00PM - 1:30PM
    Main Photo: 15097 95 Avenue, Surrey - Fleetwood Tynehead
    $1,099,000
    Residential
    Status:
    Active
    MLS® Num:
    R3161807
    Bedrooms:
    5
    Bathrooms:
    3
    Floor Area:
    1,992 sq. ft.
    Prime Fleetwood Opportunity! Located on a quiet, peaceful street, this spacious home sits on an impressive 9,618 sq.ft. lot and offers exceptional flexibility with 5 bedrooms and 3 bathrooms including 2 bedrooms on the lower level and 3 bedrooms upstairs. 4 additional "Flex" Rooms downstairs set up as bedrooms (no windows or closets). An excellent opportunity for investors, multi-generational families or buyers looking for a long term hold. The generous lot size and versatile floor plan provide plenty of possibilities. Ideally situated with convenient access to major highways, transit, Guildford Town Centre, schools, parks, shopping and everyday amenities. More details
    Listed by Sutton Group-West Coast Realty
    AMAR SHAN
    DANA BALAN
  • 3689 159a Street, Surrey - Morgan Creek

    3689 159a Street Morgan Creek Surrey V3Z 0P1
    Main Photo: 3689 159a Street, Surrey - Morgan Creek
    $2,390,000
    Residential
    Status:
    Active
    MLS® Num:
    R3161750
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    4,362 sq. ft.
    Morgan Creek golf-course residence backing onto the 15th fairway. Set on a 10,075 sq. ft. lot, this 4,362 sq. ft. home was custom designed by award-winning residential designer Marque Thompson, principal of Design Marque Consulting, with an open great-room plan, high ceilings and living spaces oriented toward the golf-course setting. Offering 4 bedrooms and 4 bathrooms, a spacious main floor, double garage and fully finished walk-out basement with recreation and games areas. Ideally located near Morgan Creek Elementary, Grandview Heights Secondary, Southridge School, shopping, recreation and Hwy 99. Offered at $2,390,000, $60,000 below its 2018 sale price and $182,000 below its 2026 BC Assessment. Court-Ordered Sale; all offers subject to Court approval. More details
    Listed by RE/MAX Performance Realty
    AMAR SHAN
    DANA BALAN
  • 1217 Sixth Avenue, New Westminster - West End NW

    1217 Sixth Avenue West End NW New Westminster V3M 2C1
    Main Photo: 1217 Sixth Avenue, New Westminster - West End NW
    $1,599,000
    Residential
    Status:
    Active
    MLS® Num:
    R3161624
    Bedrooms:
    2
    Bathrooms:
    3
    Floor Area:
    3,025 sq. ft.
    Generate steady $8,900 monthly rental income while designing your next masterclass project at 1217 Sixth Avenue, New Westminster! Set in the desirable West End, this massive 8,164 sq. ft. corner lot boasts an impressive 66-foot frontage and exceptional 6-plex development potential (RD-1 zoning). The existing 1926 character home functions as a cash-flowing rooming house, letting your investment pay you from day one. Offered as a court-ordered, "As-Is, Where-Is" opportunity, this is a rare chance for visionary developers to secure a high-yield holding just steps from transit, schools, and the vibrant 12th Street corridor. Don't let this Royal City gem slip away! (Buyer to verify all development potential with the City of New Westminster). More details
    Listed by eXp Realty
    AMAR SHAN
    DANA BALAN
  • 10850 156 Street, Surrey - Fraser Heights

    10850 156 Street Fraser Heights Surrey V3R 6J6
    Main Photo: 10850 156 Street, Surrey - Fraser Heights
    $1,650,000
    Residential
    Status:
    Active
    MLS® Num:
    R3161431
    Bedrooms:
    6
    Bathrooms:
    6
    Floor Area:
    3,401 sq. ft.
    This spacious two-level home boasts 6 bedrooms and 6 bathrooms over 3,400 sqft, offering plenty of flexibility for a large or extended family. The main level features separate living and family rooms, a generous kitchen plus auxiliary kitchen, and a separate-entry two-bedroom side suite. Upstairs, all four bedrooms are generously sized and feature their own ensuites. Outside, enjoy a lovely fenced backyard and patio, with laneway access to the double garage plus additional parking. Radiant heat and air conditioning add year-round comfort, all in a central location close to schools, shopping, recreation and Highway 1. A well-rounded family home in a convenient Fraser Heights location. More details
    Listed by Royal LePage Westside
    AMAR SHAN
    DANA BALAN
  • 17240 Fedoruk Road, Richmond - East Richmond

    17240 Fedoruk Road East Richmond Richmond V6V 1C7
    Main Photo: 17240 Fedoruk Road, Richmond - East Richmond
    $2,325,000
    Residential
    Status:
    Active
    MLS® Num:
    R3161141
    Bedrooms:
    4
    Bathrooms:
    2
    Floor Area:
    2,044 sq. ft.
    Rare 1.588 Acre (69,173 sf) lot on a quiet street in East Richmond, just off Westminster Highway between No. 7 and No. 8 Road, and nearby Mayfair Lakes Golf Club. This 2,044 sq ft 3-level split home offers 3 bedrooms and 2 bathrooms, a bright living/dining layout, and a family room on the main floor. The lower level features a separate entrance with a rec room and laundry room. Outside offers a large south-facing yard with back lane access, and double garage plus ample driveway parking for a boat or RV. PLEASE DO NOT WALK ON THE PROPERTY WITHOUT AN APPOINTMENT. More details
    Listed by RE/MAX Westcoast
    AMAR SHAN
    DANA BALAN
  • 33993 Mcphee Place, Mission - Mission BC

    33993 Mcphee Place Mission BC Mission V2V 0E7
    Main Photo: 33993 Mcphee Place, Mission - Mission BC
    $999,900
    Residential
    Status:
    Active
    MLS® Num:
    R3159166
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    2,616 sq. ft.
    Opportunity Knocks! Your search is over. This excellent 5-bedroom-plus-den, 4-bathroom, basement-entry home is located in a family-friendly neighbourhood and backs onto a peaceful greenbelt. The bright white kitchen features a centre island with a breakfast bar and opens to the dining and living rooms, complete with 9-foot ceilings, large windows, and access to the deck overlooking the greenbelt. Upstairs, you’ll find 3 bedrooms, including a spacious primary bedroom with a walk-in closet and a 3-piece ensuite. The above-grade 2-bedroom unauthorized suite is ideal for in-laws, extended family, or as a mortgage helper. The home also features a fenced, flat lot on a quiet street, within walking distance of parks and schools. An excellent neighbourhood to raise your family! More details
    Listed by Royal LePage Little Oak Realty
    AMAR SHAN
    DANA BALAN
  • 12954 Mill Street, Maple Ridge - Silver Valley

    12954 Mill Street Silver Valley Maple Ridge V4R 2R8
    Main Photo: 12954 Mill Street, Maple Ridge - Silver Valley
    $2,500,000
    Residential
    Status:
    Active
    MLS® Num:
    R3160478
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,732 sq. ft.
    Private 2.6 acre in fill development opportunity designated for medium density lots. Application currently submitted to the city for 5 single family building lots and 1 duplex lot. Property is on city water and sewer. Property is currently tenanted on a month to month basis for $3500.00. COURT ORDERED SALE - DO NOT ENTER THE PROPERTY WITHOUT A CONFIRMED APPT - SOLD AS IS WHERE IS. Perfect opportunity to invest in the Silver Valley area. More details
    Listed by Real Broker B.C. Ltd.
    AMAR SHAN
    DANA BALAN
  • 3041 202 Street, Langley - Brookswood Langley

    3041 202 Street Brookswood Langley Langley V2Z 2E2
    Main Photo: 3041 202 Street, Langley - Brookswood Langley
    $5,499,000
    Residential
    Status:
    Active
    MLS® Num:
    R3160767
    Bedrooms:
    9
    Bathrooms:
    5
    Floor Area:
    5,594 sq. ft.
    Avison Young is pleased to present the opportunity to purchase a 2.33 acre development property in the Booth sub-neighbourhood of the Brookswood-Fernridge Community Plan. The property is designated Townhouse/Rowhouse in the Booth Neighbourhood Plan and is improved with a 5,594 square foot house built around 2012. Please do not walk the property without an appointment. Sold as-is, where-is. All offers subject to approval by the Supreme Court of British Columbia. More details
    Listed by Avison Young Commercial Real Estate Services, LP
    AMAR SHAN
    DANA BALAN
  • 33947 Fern Street, Abbotsford - Central Abbotsford

    33947 Fern Street Central Abbotsford Abbotsford V2S 1G4
    Main Photo: 33947 Fern Street, Abbotsford - Central Abbotsford
    $925,000
    Residential
    Status:
    Active
    MLS® Num:
    R3159413
    Bedrooms:
    3
    Bathrooms:
    2
    Floor Area:
    1,145 sq. ft.
    UNDER MARKET VALUE – COURT ORDER SALE! Exceptional opportunity at 33947 Fern St, Abbotsford. This flat, usable 8,997 sq. ft. lot (approx. 73.54 ft x 123.67 ft) offers excellent potential for builders, investors, and developers. Potential to subdivide into two lots of approximately 4,498 sq. ft. each, hold as a long-term investment, or explore a land assembly opportunity. Current RS7 zoning allows compact lots and garden suites, with future development potential to be verified with the City of Abbotsford. Close to schools, parks, shopping, and transit. Court Order Sale – Priced at $925,000. Act Fast! All information and measurements to be independently verified by the buyer. More details
    Listed by Pathway Executives Realty Inc.
    AMAR SHAN
    DANA BALAN
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Data was last updated September 20, 2026 at 06:40 PM (UTC)
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MLS® Foreclosure Listings by Property Type

A foreclosure house can sometimes be purchased below the price of comparable properties, but a foreclosure is not automatically a bargain. The asking price may reflect the home’s condition, needed repairs, location and current market value, and competing buyers may increase the final purchase price. Detached foreclosure homes can be particularly attractive to buyers looking for renovation opportunities or properties with land, but the potential cost of repairs should always be considered when evaluating the price.

Detached foreclosure homes deserve particularly careful due diligence because the seller or lender may have limited knowledge of the property’s history and condition. Buyers should pay close attention to the roof, foundation, drainage, plumbing, electrical system, heating equipment, exterior condition and signs of water damage. It is also important to investigate building permits, additions, renovations and secondary suites to determine whether work was properly permitted. A professional home inspection, when possible, can help identify significant problems before you proceed with the purchase.

In many cases, buyers can arrange a professional home inspection before committing to the purchase, provided access to the property is available. An inspection can be particularly important when buying a foreclosure house because the lender or party with conduct of sale may have limited knowledge of the property’s condition and the home is typically sold on an “as is, where is” basis. Buyers should pay particular attention to major components such as the roof, foundation, drainage, plumbing, electrical system and heating equipment. Inspection opportunities and conditions can vary from one court ordered sale to another, so buyers should complete as much due diligence as possible before their offer becomes unconditional.

Yes. As with any resale house, a foreclosure property may contain renovations, additions or secondary suites that were completed without the required permits or approvals. Because the lender selling the property may never have occupied the home, it may have limited information about previous work. Buyers should not assume that an existing suite, deck, addition or renovation was legally constructed simply because it is already there. Municipal permit records, zoning requirements and other available property information should be investigated as part of the buyer’s due diligence, particularly when a secondary suite or renovated area is important to the property’s value or intended use.

Yes, foreclosure houses can generally be financed with a mortgage, provided the buyer and the property meet the lender’s requirements. However, financing requires careful planning because a court ordered purchase can eventually become unconditional before it is presented to the court for approval. Buyers should speak with their mortgage professional early, obtain appropriate financing approval and make sure the lender is comfortable with both the property and the court ordered sale process. The condition of the house can also affect financing, particularly if the property requires substantial repairs or is considered unsuitable for conventional mortgage financing.

Buyers should not assume that appliances, equipment or other items seen during a viewing are automatically included or warranted in a foreclosure purchase. The Contract of Purchase and Sale and the seller’s Schedule A should be reviewed carefully to determine what is included. Court ordered properties are commonly sold on an “as is, where is” basis, and the seller will generally provide limited or no warranties regarding the condition or operation of appliances, fixtures and other components of the property. If a particular item is important to the buyer, it should be specifically addressed when the offer is prepared.

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