In this episode, we're tackling everything you need to know about foreclosures and how they could impact your next deal. From the latest Bank of Canada rate drop to the rising rate sensitivity of consumers, we’ve got you covered. Chandler and Neal will break down what happens when private lenders get involved in foreclosures and reveal a little-known hack that could save the day.

Plus, find out how homeowners can reclaim their property and when banks can successfully step in.

Show notes:

0:38 - Introduction

2:49 - BoC potential 50-point reduction rate drop

6:45 - Why are a lot of consumers are rate sensitive now

33:37 - If a private person lends money can they foreclose? And what are the criterias?

36:41 - The person losing their property has the option to buy back their house

41:29 - Cases where the banks can successfully buy the property bank

44:17- Filing insurance claims

48:10 - A foreclosure hack that you need to know

Resources:

CHECK OUT OUR PATREON: www.patreon.com/masterkeyspodcast

The Master Keys Podcast is hosted by Neal Andreino and Chandler Haliburton, two top real estate agents in Nova Scotia, Canada. Neal and Chandler have each built sizable portfolios of investment properties and leverage their expertise to inform their clients as well as viewers. The podcast covers all things real estate from the first steps as a beginner all the way to expert skills for experienced investors.

Please contact us with any questions or suggestions at contact@staxtv.ca

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