Foreclosures Canada is the "Foreclosure Advisor" for Darren Weeks "Advisors Series"
as seen at Fast Track To Cash Flow .com
"You did an excellent job. Your support material was/is very thorough. So much so,
I was disappointed that I didn't have to take more notes!"
- Tamara Traub Stettler
Examples of Some Deals Completed in 2003
Example # 1
Address: 4513 - 52 St. Leduc, Alberta
Purchase Purchase Price: $122,500. Deposit: $500. Down Payment: Zero Dollars Down.
New Financing: n/a Assumed Existing Mtg: n/a
Expenses Expenses/Including Reno: n/a Total Expenditure: $122,500.
Value Certified Appraisal: n/a (ARV) Based on Comps: n/a
(ARV) Def: After Repaired Value
Sale Sale Price: $131,000. Type of Sale: Simultaneous Close
Profit Cash: $8,500. Paper: Equity:
Turn Around Time Start to Finish: 45 days
Notes: (My buyer took possession of the property on the same day that I was
suppose to, resulting in a skip transfer. I made a profit without having to pay for the property or take possession. My
only out of pocket expense was the $500 deposit, paid to my lawyer, when I wrote the offer).
PS. If your lawyer tells you that you can't do this . . . .
then it's time to go find a new one.
Example # 2
Address: 11829 - 89 St. Edmonton, Alberta
Purchase Purchase Price: $98,000.. Deposit: $500. Down Payment: $20,000..
New Financing: Assumed Existing Mtg: $78,000.
Expenses Expenses/Including Reno: $12,000. Total Expenditure: $110,000.
Value Certified Appraisal: $138,000. (ARV) Based on Comps:
(ARV) Def: After Repaired Value
Sale Sale Price: $133,000. Type of Sale: Retailed for Cash
