Canadian Banks Foreclosing On Negative Equity Home Owners with Melanie Galea

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Have you ever wondered what will happen if your home is in a negative equity position when you mortgage term expires? Most people think they will lose their home and that Canadian Banks will simply start foreclosing and cut their losses. Today’s guest has lived that market for over a decade now and can help put your mind at ease when it comes to a declining market.

In this week’s episode of The Tom Storey Show, Steve Karrasch and Tom Storey are joined by Fort McMurray ReMax REALTOR® Melanie Galea to discuss her real estate market and where she thinks it’s headed.

#realestatecanada #FortMcMurray #ForeclosuresCanada

Connect with Melanie
Website: https://www.soldbymelanie.ca/
YouTube: https://www.youtube.com/c/MelanieGalea
Instagram: https://www.instagram.com/melaniegalearemax/
Facebook: https://www.facebook.com/MelanieGaleaFortMcMurrayRealtor/
Podcast:
https://podcasts.apple.com/ca/podcast/shift-disturber/id1632474719
https://open.spotify.com/show/15mQt6E5Umjq2nGCM6RBwd?si=04ff825a0c234968
Live Open House Tutorial: https://youtu.be/KVMCgxLSlls
BombBomb 5 keys virtual tour tutorial: https://youtu.be/h9H3CVeUpsI

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TOM STOREY
Book a call with Tom: https://calendly.com/TomStorey
Tom's YouTube Channel: https://www.youtube.com/c/TomStorey/videos
The Storey Team, Royal LePage Signature: https://storeyteam.ca/
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STEVE KARRASCH
Book a call with Steve: https://calendly.com/stevekarrasch
Steve's YouTube Channel: https://www.youtube.com/c/KarraschRealProperties/videos
Karrasch Real Properties, Macdonald Realty: https://www.krproperties.ca/
Instagram: https://www.instagram.com/karrasch_real_properties/
FaceBook: https://www.facebook.com/KarraschRealProperties/
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The opinions expressed herein are solely that of Steve Karrasch PREC and Tom Storey, not Macdonald Realty, Royal LePage Signature, TREB or the FVREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Nor should any of this content be considered or used as financial advice. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement.