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WebSep 6, 2024 · The foreclosure process is different from buying a regularly owned property. The courts in British Columbia protect homeowners by selling the property for what’s known as “Fair Market Value.” While you can save some money when purchasing a foreclosure, many properties only sell at less than 20% of fair market value. WebBasically, a foreclosure is a sign that something went wrong in the previous owner’s home history. Foreclosures are often the result of a lender reclaiming a property where the payments haven’t been made. Court … the age of information in multihop networks
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