FAQ
Financing FAQ
Financing considerations for purchasing a power-of-sale or REO listing.
Financing answers
Work with lenders who understand the asset class and can close quickly.
FAQ
Questions answered
Can I use CMHC-insured mortgages?
Yes, provided the property meets CMHC condition standards after any required repairs.
Are deposits larger for foreclosure deals?
Banks often request 5–10% certified funds within 24 hours of acceptance to ensure serious buyers.