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Hey Readers! I’ve been comin across some crazy stuff the past few days from a few different blogs around the web which I just had to share with you. Check em out below…

Homes for Sale in Rudd Park, Victoria, British Columbia $449900

1380.00 sq. ft. Homes for sale in Rudd Park Victoria, British Columbia. For sale at $449900.0000 CAD. Rudd Park.

Vancouver BC Real Estate Market Roller Coaster

The actual graph you're riding is the inflation adjusted value of a house in Vancouver BC based on data collected by Royal LePage and calculated by the UBC Centre for Urban Economics [...]

The Tyee – Is BC Ready for Smart Meters?

In 2007, Premier Gordon Campbell told delegates at the annual convention of the Union of B.C. Municipalities that within five years, 1.7 million homes and businesses in B.C. would have a smart meter. "We need to change our behaviour and when we do, we will all save …. And yet we are prodded/coerced/manipulated to choose to consume. more electrical products and so more electricity consumption overall! Candles for sale, get you alternative energy here, candles for sale! …

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The foreclosure process in British Columbia is controlled by the BC Supreme Court.

By no means can the lender simply show up at your door step and take possession of the property if you stop to pay the mortgage. Understanding the foreclosure process will help you know what to expect. The most important thing you have to know as a home owner is that you do have some time to fix the problem. But that it is in your best interest to stop the foreclosure process as quick as possible. If you feel that you are being treated unfairly by the lender, you should get legal advice. Otherwise, you should focus your efforts on stopping the foreclosure by finding a reasonable solution.

Following are the main steps of the foreclosure process in British Columbia:

• If you stop paying the mortgage, you will initially get a letter from the bank or maybe even a phone call. The bank is making sure this is not a simple error or some sort of mistake and is giving you a little while to fix the problem.
• After 2~3 months you will receive a letter from the bank asking you to pay the arrears in full before a certain date and informing you that a lawyer will be hired to start foreclosure proceedings if you do not.
• If you do not pay the arrears as required, the lender will ask a lawyer to start the foreclosure proceedings. You will receive a letter from the lawyer demanding you to either pay the full amount owing on the mortgage or only the arrears. You will be given a deadline after which the foreclosure process will start.
• The first step in the foreclosure process is for the lawyer to file a document named “foreclosure petition“. Within few days after the petition is filed in the court you will be served with a copy.
• About a month later there will be the first hearing in the court. At the hearing the judge will give the lender an “order nisi”, and in most cases, it will also give you time to “redeem” the mortgage by paying the full amount you owe, plus interest, costs and taxes. This time is called the “redemption period” and it is usually 6 months. But, sometimes the lender will ask the court for a shorter redemption period.
• Following the redemption period the lender may choose to have the property listed for sale by the court or seek an “Absolute Order of Foreclosure” from the court.
• In the case of the property being listed for sale by the court, the court approves the sale of the property. If the sale does not generate sufficient money to pay the petitioner in full, the petitioner can then seek a deficiency judgment from the court against the borrower.
• In the case where an Absolute Order of Foreclosure is granted the petitioner becomes the new registered owner of the property and all other respondents are removed from the title. Once this order has been given by the court, no further action can be taken against the borrower, These Absolute Orders of Foreclosure take place only if the property value equals or exceeds the debt, and the borrower has no assets to apply toward any deficiency.

This article was written by Michelle Castillo, a BC foreclosure expert providing BC homeowners with information and creative solutions to stop foreclosure. To get FREE consultation visit http://www.foreclosurehelpbc.com today.

Article Source:

http://EzineArticles.com/?expert=Michelle_Castillo

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Ok so 3 more posts today that I’ve dug up – I’m an information JUNKIE on this stuff lately. Give em a browse and let me know what ya reckon. They’re just from a few different sites I’ve been surfing lately that are generally good for information like this…

Homes for Sale in Sidney, Sidney, British Columbia, British …

4389.00 sq. ft. Homes for sale in Sidney Sidney, British Columbia, British Columbia. For sale at $1395000.0000 CAD. 9324 Lochside Drive, Sidney MLS 274368.

Homes for Sale in East Chilliwack, Chilliwack, B.C., British …

1105.00 sq. ft. Homes for sale in East Chilliwack Chilliwack, BC, British Columbia. For sale at $289900.0000 CAD. 9043 Broadway,, East Chilliwack MLS H1001802.

Homes for Sale in Chemainus, British Columbia $429900

2380.00 sq. ft. Homes for sale in Chemainus Chemainus, British Columbia. For sale at $429900.0000 CAD. 3725 Panorama Crescent, Chemainus.

Hope you enjoy the read as much as I did and please if you have something to say, use the comments form below to let everyone know your thoughts.

Have a great day!

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