foreclosures: Montreal Foreclosures - Finding Great Deals in Montreal - 01/18/08 05:10 PM
The Montreal foreclosure market is a little different from the rest of Canada and the United States. That is mainly due to a different law system. Quebec operates on the Civil legal system while the rest of North America abide by the Common law system.

The law and banks

In the old foreclosure laws, banks were not allowed to make a profit on homes that were foreclosed. Recent law changes have now opened the door to banks profiting from homes that were repossessed. This has changed the way Montreal foreclosures are sold.

Selling Montreal Foreclosures

Banks obviously … (2 comments)

 

Eric Giguere

Montreal, QC

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