Forget the U.S. TV shows – Canadian foreclosure homes are often no bargain

A foreclosed property is one the bank or lender takes over after the owner fails to make his or her mortgage payments. Canadian buyers naturally wonder if they might be able to find those kinds of deals in Canada – and whether the risks are worth the rewards. http://www.theglobeandmail.com/report-on-business/forget-the-us-tv-shows-canadian-foreclosure-homes-are-often-no-bargain/article30158305/