Power of sales occur when the mortgage lender, not the homeowner, is selling the property. This option is available to the lender when the homeowner defaults on their mortgage. 

A power of sale can often be bought for under market value which is very appealing for real estate buyers of all kinds. However, not all power of sales in Barrie, Ontario and Simcoe County for that matter are deals. There are risks involved and you should seek the experience of a professional real estate agent to assist in the purchase from the mortgage lender. 

Are you interested in Power of Sales opportunites?

If you are interested and want to get notified of all Power of Sale opportunites in Barrie and all of Simcoe County, fill in the form below and we will notify you the moment a new opportunity comes up.