Foreclosures

Difference between a "Judicial Sale" and "Foreclosure"

There is a difference between the concept of a "judicial sale" and that of a "foreclosure", although they both may arise out of "foreclosure proceedings".

A "Judicial Sale" is when the property is sold at a declared price by Order of the Court, with the judge deciding which offer to accept and transfer the title of ownership to the new purchaser. Property is sold as is/where is.

A "Foreclosure" is when the mortgage lender obtains title to the property by an order of a declaration of foreclosure by the Court and by which the indebtedness is extinguished, and the mortgagor does not recover anything further from the property or from the borrower. Property is sold as is/where is. The mortgage lender generally chooses the offer to purchase price and can legally sign off on the purchase.

  • For Sale
  • For Rent
  • Sold
  • Rented
  • Any
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  • $ 400,000
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  • $ 1,000,000
  • $ 1,250,000
  • $ 1,500,000
  • Any
  • $ 400,000
  • $ 500,000
  • $ 600,000
  • $ 700,000
  • $ 800,000
  • $ 900,000
  • $ 1,000,000
  • $ 1,250,000
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8+ Properties for sale
The additional criteria set by the agent cannot be changed
List $ 400,000 Townhome
3 2.5 Sqft · 1722.24
11642 103 Avenue, Edmonton, Wîhkwêntôwin T5H 2W6
Courtesy of
MLS® E4450483
Renee McCracken, MaxWell Progressive
List $ 560,000 House
4 3.5 Sqft · 1991.34
6231 4 Avenue, Edmonton, Charlesworth T6X 0C2
Courtesy of
MLS® E4446440
Syndon E Brown, MaxWell Challenge Realty
List $ 415,000 House
3 2.5 Sqft · 1926.97
20029 TWP RD 514, Rural Beaver County, None T0B 4J0
Courtesy of
MLS® E4441798
Reinee L Bouclin, Royal LePage Prestige Realty
New
Listed 70 days ago
List $ 1,500,000 House
2+2 3 Sqft · 3460
44092 Township Road 274, Rural Rocky View County · T4C2X8
Courtesy of
MLS® A2228696
List $ 635,000 Commercial
0 0
0000 center st., New Sarepta, New Sarepta T0B 3M3
Courtesy of
MLS® E4438566
Rob Regan, RE/MAX Real Estate
List $ 179,000 Apartment
2 1.5 Sqft · 906.33
7511 171 Street, Edmonton, Callingwood North T5S 1E7
Courtesy of
MLS® E4436326
Amanuel T Chirom, MaxWell Progressive
New
Listed 146 days ago
List $ 150,000 Commercial
0 0 Sqft · 292
D30, 260300 Writing Creek Crescent, Balzac · T4A0X8
Courtesy of
MLS® A2205882
List $ 89,900 House
2 1 Sqft · 796.54
42 Highway 633 and Range Road 54, Rural Lac Ste. Anne County, Island View Harbour T0E 1H0
Courtesy of
MLS® E4419483
David J Lowe, Prairie Rose Realty
1
Property Details