Page 19 - April 17, 2017
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THE WEEKLY ANCHOR MONDAY APRIL 17, 2017 PAGE 19


Misconceptions T he Weekly ANCHOR REAL ESTATE WEEKLY ORDER OF


UPCOMING EVENT REMINDER
around April 19 RIVER RIDGE ESTATES FEATURE:
NOW OVER 80% SOLD
Join us at the Galloway Museum for this free event at 7 p.m.! Century 21
foreclosures Reel Canada is providing a screening of a very Canadian film Alpine Realty 3%

“Score: A Hockey Musical” as a part of one of the world's
largest one-day film festivals! Come down to the Galloway for
by the Team at Royal LePage mortgage, the amount in default, free popcorn, giveaways and family-friendly entertainment. Royal
Edson Real Estate and other related financial Don't forget to wear your favourite hockey jersey!
information.
Foreclosures may occur due to a In each situation, the property is
variety of reasons, from missed appraised by a licenced appraiser
mortgage payments to and listed according to the
circumstances not related to the appraisal at market value through a
property. Not all foreclosures are licenced real estate brokerage.
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 FEATURE
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, Alpine
process. A bank foreclosure occurs municipal tax auction, or Court of
when the bank assumes title of the Queen's foreclosure, the properties
property and subsequently are assessed and rules are placed to
becomes the seller. ensure that debts are paid, fees are
A Court of Queen's Bench covered, and (should there be any)
foreclosure occurs when a plaintiff additional funds are returned to the MLS 31181 LOT 18 3.0 +/- Acres $165,000
(often the bank) files a statement original property owner. MLS 31185 LOT 22 4.1 +/- Acres $164,000 FEATURE
of claim. The bank must file an The system protects the creditor, MLS 31188 LOT 23 4.1 +/- Acres $159,000
Affidavit of Value, which includes the property owner, and helps to MLS 31189 LOT 24 2.9 +/- Acres $164,000
an appraisal, as well as an keep foreclosure properties from MLS 31196 LOT 43 3.9 +/- Acres $ 94,900 NEW PRICE
Affidavit of Default, which “crashing” the market. MLS 31197 LOT 48 3.5 +/- Acres $174,900
includes the amount owing on the MLS 33045 LOT 49 2.5 +/- Acres $134,900 NEW PRICE
MLS 33044 LOT 50 2.9 +/- Acres $134,900 NEW PRICE ROYAL


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


TOWN OF EDSON Town of Edson

Office Hours
Public Information & Notices 2017 8:00 a.m. - 4:00 p.m.
Monday to Friday






























AIRPORT




LOTS FOR LEASE


The Town of Edson currently has land available for lease for a
commercial business at the airport.
There is also 200m² leased lots available for the purpose of
building private aircraft hangars.
Contact Sam Shine for more details at (780) 728-5056 or
sams@edson.ca.
www.edson.ca
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