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Ian Watt Personal Real Estate Corporation - Sotheby's International Realty Canada

Blog by Ian Watt

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Part 3 - Taking Possession of a Foreclosure in Downtown Vancouver

Vancouver Condo Real Estate Video Blog #264 - March 10, 2009

Part 3 - Taking Possession of a Foreclosure in Downtown Vancouver

Ian Watt video blogs about taking possession of a foreclosure in Downtown Vancouver and dealing with the former owner who refuses to leave the property and 2 weeks later he's almost gone. If you want to voice your opinion or if you don't care for Ian's comments please email your feedback to ianwatt@ianwatt.ca and visit http://www.ianwatt.ca/RealEstateVideos for all the Ian Watt Real Estate Video Blogs. 

Ian Watt: Hi good afternoon! It's Ian Watt in Downtown Vancouver. Just came up from a foreclosure that my client said purchased two weeks ago. So they bought it couple of months ago but two weeks ago they took possession which they didn't get any possession of. They completed on the property two weeks ago they were supposed to get the keys and vacant possession unfortunately guy who is foreclosed upon couple of weeks ago. Basically lock themselves into the suite. Now, the process server has his serve the documents give the documents to the guy saying you have to vacate the property and unfortunately he was just avoiding the process survey. He will be waiving from the window or he drove away from his luxury vehicle. In the whole situation we could not tag him with the documents. So went to court this morning and the judged ruled, you know what you don't have to give him the documents. He's well aware of what is going on just go in there with the sheriff, with the bailiff, with the lock and take possession of the property. Now I guess he's caught wind of it so when we drove passed the day there was a moving truck out front. The colossal waste of time, waste tax payers money and waste of lenders money. They're probably gonna go negative, they were gonna get a little bit of money back but I think they're going negative now. But it such a waste because he's doing today what he shouldn't done two weeks ago and this cost young couple who bought the property a lot of stress. Not every foreclosure is like this but if you want to learn about foreclosures. You can always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!