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

Blog by Ian Watt

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You Never Know What Will Happen With A Foreclosure Until You Go To Court

Vancouver Condo Real Estate Video Blog #512 - March 5, 2010

You Never Know What Will Happen With A Foreclosure Until You Go To Court 

Ian Watt video blogs about how on Monday at court they expected to have 4 offers on the condo foreclosure at 950 Cambie Street and perhaps the idea of 4 interested parties scared everyone off so no offerers came to outbid the original purchaser, making the condo sell well below market value. 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, its Ian Watt in Downtown Vancouver. On Monday we're in court for 950 Cambie. We expected four other people to show up to court to outbid their original offer and the original offer went in at 395 for a two bed, two bath in Yaletown. Not a bad price. But the thing is nobody showed up except for the original offer. We were expecting it to go to 430, 440 or something like that but nobody showed up. They are so funny I guess psychologically they thought they are too many people coming and nobody came. It's very interesting, so the woman who bought it got a fantastic deal. My name is Ian Watt and if you have any questions about foreclosures. You could always email me at ianwatt@ianwatt.ca. Thank you very much and have a great day!