Wednesday, January 14, 2015

Dangers Of Buying A Forclosure

Thinking of buying a foreclosure in Kelowna? There are a few risks that you should know about and the #1 risk of buying a foreclosure is actually overpaying and the fact that they are not as good of a deal as you may think. I have dealt with a lot of foreclosure (or court ordered sales) and been very successful in assisting my clients to become the winning bid in court, however they can sometimes end up costing you more money in the long run. Lisa Alentejano and I cover how they can actually cost you more because of financing and how the courts cause you to pay higher than market value. Also some foreclosures are former marijuana grow-ops and that also can drastically affect your financing options.

It is extremely important to have a professional team working for you to explain the ins-and-outs of buying a foreclosure.









Tiffany Munsey 

A licensed REALTOR® with Coldwell Banker Horizon Realty



Cell: 778-214-4843

www.tiffanymunsey.com

tmunsey@coldwellbanker.ca



Coldwell Banker Horizon Realty

Office: 250-860-7500

Fax: 250-868-2488

14-1470 Harvey Ave.

Kelowna, BC V1Y 9K8

www.kelownarealestate.com





Lisa Alentejano

Verico Compass Mortgage Group

1.888.819.6536

 lisa@mortgageplayground.com

1505 Harvey Avenue, Kelowna, British Columbia

FIND ME ON FACEBOOK AND INSTAGRAM



 Tiffany Munsey - Kelowna Realtor