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.

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  • $ 1,000,000
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9+ Properties for sale
The additional criteria set by the agent cannot be changed
14 Bridlewood Manor SW
New
Listed 10 days ago
List $ 510,000 House
2+0 1.5 Sqft · 1245
14 Bridlewood Manor SW, Calgary, Bridlewood T2Y3T4
Courtesy of
MLS® A2349787
11916 104 Street
List $ 79,900 Apartment
1 1 Sqft · 552.84
11916 104 Street, Edmonton, Westwood (Edmonton) T5G 2L2
Courtesy of
MLS® E4510962
Haijun Yan, Mozaic Realty Group
109, 10 Westpark Link SW
New
Listed 26 days ago
List $ 228,900 Condo
1+0 1 Sqft · 596
109, 10 Westpark Link SW, Calgary, West Springs T3H0Y5
Courtesy of
MLS® A2346032
5115 46 Street
New
Listed 34 days ago
List $ 59,900 House
2+0 2 Sqft · 1533
5115 46 Street, Provost, Provost T0B3S0
Courtesy of
MLS® A2343432
47, 3705 Fonda Way SE
New
Listed 41 days ago
List $ 219,000 Townhome
3+0 1 Sqft · 1087
47, 3705 Fonda Way SE, Calgary, Forest Heights T2A6G9
Courtesy of
MLS® A2341982
4804 51 Street
List $ 59,000 House
1 0 Sqft · 678.13
4804 51 Street, Rural Lac Ste. Anne County, Alberta Beach T0E 0A0
Courtesy of
MLS® E4504660
Amanda Kowalchuk, RE/MAX PREFERRED CHOICE
243 Savanna Lane NE
New
Listed 53 days ago
List $ 669,000 House
4+1 4 Sqft · 2070
243 Savanna Lane NE, Calgary, Saddle Ridge T3J0Y9
Courtesy of
MLS® A2338286
1020 Bel-Aire Drive SW
New
Listed 68 days ago
List $ 5,900,000 House
3+2 6 Sqft · 4294
1020 Bel-Aire Drive SW, Calgary, Bel-Aire T2V2B9
Courtesy of
MLS® A2332901
List $ 150,000 Apartment
2 2 Sqft · 807.3
5005 165 Avenue, Edmonton, Hollick-Kenyon T5Y 0L8
Courtesy of
MLS® E4497646
Janeen Tinker, MaxWell Devonshire Realty
1
Property Details