S4 Ep.24 | Foreclosure Essentials That Every Investor Should Know

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 [email protected]   FIND US ON Sightline Planning - https://www.sightlineplanning.com  INSTAGRAM - https://www.instagram.com/masterkeyspodcast/  TIKTOK - https://www.tiktok.com/@masterkeyspodcast  FACEBOOK - https://www.facebook.com/Master-Keys-Podcast-110495988057336/  FIND NEAL ON: INSTAGRAM - https://www.instagram.com/remaxneal/ LINKEDIN - https://ca.linkedin.com/in/neal-andreino-90854b102 FIND CHANDLER ON:  INSTAGRAM - https://www.instagram.com/tchandh/  LINKEDIN - https://ca.linkedin.com/in/t-chandler-haliburton-40a88468