Current Court Ordered Sale Properties in the Shuswap:
This information is taken from the Multiple Listing Service. We are providing this information as a convenience and do not claim to be marketing these properties nor do we guarantee information on MLS or REALTOR.ca is complete or correct. All facts should be verified. Purchasing a home or property that is in foreclosure or for some other reason has become a "Court Ordered" sale in BC may be a bit of a different procedure than you're expecting/used to so here is a brief overview of how it works: A potential Buyer presents an offer. The Seller (bank, Crown or whomever has the court order authorizing the sale) may counter the offer price, conditions, deposit etc. Once the Buyer and Seller have agreed to terms/conditions then we have an "accepted offer" and the Buyer will then proceed to remove any conditions they may have put in place such as subject to home inspection, water test, arranging financing etc. When the Buyer has removed any/all the subject to clauses there is just one condition remaining - Subject to Court Approval. At this time the Seller applies for a court date. On the court date anyone interested in purchasing this property may make an appearance with a non-subject offer in hand. All offers are presented to the judge and the judge makes the final decision in regards to who the successful purchaser will be. There are no guarantees how the judge will rule. The court approval process is a bit more complicated than many people expect. It is up to the judge to look after the interests of all parties involved and that includes the person(s) losing their home/property to the bank. If the judge feels that the property hasn't been marketed effectively and/or the purchase price offered is too much below the fair market value they could decide not to accept any offer at that time. Please note: this is an over-simplified description for berevity's sake. Always get proper advice from a professional realtor and/or lawyer, especially if you're unfamiliar with the process.