What Your Buyer's Real Estate Agent Won't Tell You
Buying a home - Using a practical approach You don't need any money down and just pay half the market value of the home to acquire a rental property here. Unlike Tom Vu or Don Lapre, I am not in prison and I am not a suspect. No money down house was once a reality in Canada, but that is no longer the case. A few lenders and/or banks were ready to give you the 5% down payment, so that you wouldn't have to spend a penny out of your own pocket to buy a house. There will be no banks or lenders in Canada that can accomplish that because of the present financial crisis. There was a time when you could purchase a house for half price. If a residence was foreclosed on in Canada, it may be sold at a discount. Since the new legislation has been in existence for many years, lenders might be sued if they don't sell foreclosed houses at the highest feasible price. Foreclosed properties, on the other hand, are often sold at a higher price because Canadians believe that they are a great ...