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Welcome > Local Info >
Relocating? ...
Request Our Free Relocation Package. Don't Move To Orangeville, Hockley Valley and Caledon Without It!  Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate to and from the Orangeville, Hockley Valley and Caledon, Ontario area. If you will be moving to the Orangeville, Hockley Valley and Caledon area, we can correspond by email and phone. Together, we'll determine what type of home, price range, and neighborhoods you are interested in. We'll send you every home or property that is currently available that matches your criteria. When you visit, we'll be ready! We will visit the Orangeville, Hockley Valley and Caledon neighborhoods and homes that interest you the most. In addition, we can talk about schools, sub-divisions, local market conditions, local culture... anything that is important to you. Remember: As Orangeville, Hockley Valley and Caledon REALTORS®, it's our job to know this area inside and out, and we want to make your transition as smooth as possible.  Are you new to the area? Request our FREE package of Orangeville, Hockley Valley and Caledon relocation information. It's our job to help! There's no obligation, and we promise to respond quickly...
Foreclosures >2. What Is a Bank Owned Property?
When a home owner misses payments on his or her mortgage, the loan becomes default and the home or property becomes distressed. What happens next depends on an appraisal and the equity of the home. If short sale isn’t a viable option for the home owner and the lender, the foreclosure process takes over and the home or property goes up for foreclosure auction.
A bank-owned property (also referred to as a "real estate owned" or "REO" property) is one that was up for sale at a foreclosure auction but did not sell and therefore now belongs to the lender (usually a bank, but can also be any government agency or loan insurer.)
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