Category Archives: Investing

Looking to buy a house in Calgary very soon, which is a good area?

By Home Buying Wiz | June 1, 2009

AB asked: I am planning to buy a house in Calgary very soon, which is a good area? My preferences (although flexible) would be:
- close to University of Calgary
- hospital
- school /daycare
- public transportation
- shopping malls
Also how much is the range for a 3-bed house?
I would like the area to be good, decent ’cause my [...]

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What happens when you buy a house and then it is foreclosed on?

By Home Buying Wiz | February 6, 2009

foxyraley asked: say for example you buy a house for 700,000 and the house forecloses and the house sells for 450,000 in foreclosure, what happens with the difference of 250,000.does the bank eat the loss?Melvin

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