Pulled directly from the MLS® court-ordered & foreclosure search. All sales are subject to court approval — properties are typically sold as-is, where-is. Sorted newest first.
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A court-ordered sale (often called a foreclosure sale) happens when the BC Supreme Court orders a property sold, usually after mortgage default. The listing looks like any other MLS® listing, but the final sale must be approved by a judge, and the property is typically sold as-is, where-is, with no seller warranties.
Often, but not always. Court-ordered listings are frequently priced below comparable market listings to attract offers, and the final price is set through the court process — competing buyers can appear in the courtroom and outbid an accepted offer. Treat each one on its own numbers.
You make an offer to the seller (usually the lender) that is "subject to court approval," with a Schedule A attached that strips most conditions. If accepted, a court date is set — where other buyers may submit competing sealed bids — and the judge approves the winning offer. It is a different process from a normal purchase, so work with an agent who has done it before.
It is pulled directly from the MLS® court-ordered and foreclosure search that agents use, covering the Lower Mainland and the Fraser Valley — Vancouver, Burnaby, the Tri-Cities, Surrey, Langley, Maple Ridge, Abbotsford and more. New court-ordered listings are added as they hit the market, and subscribers get the new ones by email.
