Page 19 - April 10, 2017
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THE WEEKLY ANCHOR MONDAY APRIL 10, 2017 PAGE 19


T he Weekly ANCHOR REAL ESTATE WEEKLY


Misconceptions



around




foreclosures ORDER OF




by the Team at Royal LePage mortgage, the amount in default, FEATURE: FEATURE
Edson Real Estate and other related financial
information. Century 21
Foreclosures may occur due to a In each situation, the property is
variety of reasons, from missed appraised by a licenced appraiser Alpine Realty 3%
mortgage payments to and listed according to the ROYAL
circumstances not related to the appraisal at market value through a
property. Not all foreclosures are licenced real estate brokerage. Royal
due to neglect of the home or While you may get a good deal
delinquent ownership. The owners on a foreclosure listing, it is a
may have used the property as common misconception that a
security for a business venture or property under foreclosure will sell
as collateral for a family member for what is left owing to creditors.
or friend and that has defaulted on That is not the case under our
their loan. current mortgage and finance
It is important to note that there system.
is more than one foreclosure Whether it is a bank foreclosure, FEATURE
process. A bank foreclosure occurs municipal tax auction, or Court of
Linda Kallio stands behind Parkland Lodge Resident Elma Keller. when the bank assumes title of the Queen's foreclosure, the properties
Elma enjoys working on puzzles to keep her mind busy. Soon this property and subsequently are assessed and rules are placed to
puzzle will be moving with Elma over to the old Hospital location for becomes the seller. ensure that debts are paid, fees are
roughly 18 months while the Parkland Lodge is under construction. A Court of Queen's Bench covered, and (should there be any)
photo Deanna Mitchener foreclosure occurs when a plaintiff additional funds are returned to the
(often the bank) files a statement original property owner. century 21
of claim. The bank must file an The system protects the creditor,
Affidavit of Value, which includes the property owner, and helps to
an appraisal, as well as an keep foreclosure properties from
Affidavit of Default, which “crashing” the market.
includes the amount owing on the




HOME SWEET HOME!







FEATURE



Movie Night at the Edson Library on March 31 played “Sing”. Kids got
as comfy as they could to enjoy the free movie. RIVER RIDGE ESTATES
photo Deanna Mitchener. NOW OVER 80% SOLD



LOCATION – LOCATION – LOCATION! Family home in
a cul-de-sac. This 4 bedroom home is ideal for family Alpine
living. Open concept layout. The large master suite
features walk in closet and 4 piece ensuite. There is
ample space throughout for entertaining both adults and
children. Very nicely appointed with updated flooring and
a recently developed basement. The developed
basement houses the large family room with a great place
for family movie nights as well as an extra bedroom.
Double attached, heated garage. Large, well fenced yard
completes this package. The spring market is upon us!
Don't miss the opportunity to own this beauty!!

$439,900.00
MLS#42887











780-723-3186 Lori
202-50th St., Edson Gelmici-Hanni
www.royallepage.ca Broker/Owner
780-723-8177
MLS 31181 LOT 18 3.0 +/- Acres $165,000
MLS 31185 LOT 22 4.1 +/- Acres $164,000
MLS 31188 LOT 23 4.1 +/- Acres $159,000
MLS 31189 LOT 24 2.9 +/- Acres $164,000
MLS 31196 LOT 43 3.9 +/- Acres $ 94,900 NEW PRICE
MLS 31197 LOT 48 3.5 +/- Acres $174,900
MLS 33045 LOT 49 2.5 +/- Acres $134,900 NEW PRICE
MLS 33044 LOT 50 2.9 +/- Acres $134,900 NEW PRICE


LISTED BY DANIELLE HUNTLEY, REALTOR® - CENTURY 21 TWIN REALTY
Cell: (780) 725-1455 Office: 780-723-3100 Email: danielle.huntley@century21.ca
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