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Navigating Foreclosures and Court Sales

COMPLETED. APPROVED. CLOSED.
THE Anna Litvak Joseph TEAM at BC Prime Realty Closes Another Successful Court-Ordered Sale in Burnaby

We’re thrilled to announce the successful sale of a court-ordered property in Burnaby, where our team proudly represented the bank in a competitive process.

At BC Prime Realty, we specialize in court-ordered sales, foreclosures, and distressed property transactions across Greater Vancouver and the Lower Mainland. These types of transactions require a unique level of expertise, strategic negotiation, and precise knowledge of court procedures—and that’s exactly what we bring to every client we represent.

What is a Court-Ordered Sale?

A court-ordered sale is typically initiated when a lender or creditor seeks to recover losses due to a defaulted mortgage or unpaid debt. The property is sold under court supervision, and the process follows strict legal protocols—including a final approval by a judge in open court. While these sales often present excellent value, they also require an experienced realtor who understands the nuances and timelines involved.

Why Work with BC Prime Real Estate for Foreclosures?

At BC Prime Realty, we’re not just realtors—we’re specialists in court order listings. We help both buyers and sellers navigate the complexities of these deals while minimizing risk and maximizing opportunity.

Our team has:

Deep expertise in legal processes for foreclosure and court-ordered sales
Strong relationships with banks, lenders, and legal professionals
Proven negotiation strategies for court-date bidding scenarios
A track record of helping buyers secure below-market properties
Guidance for investors looking for distressed or value-add real estate

Is Buying a Foreclosure Right for You?

Before diving into this niche market, consider these pros and cons:

Pros

  • Below Market Value: Great potential for buying at a discount

  • Investment Opportunity: Add value through renovations or resale

  • Equity Growth: Build long-term wealth through strategic purchases

  • Renovation Freedom: Customize the property to your taste or goals

Cons

  • "As-Is" Condition: Limited ability to negotiate repairs or upgrades

  • Restricted Access: Viewings and inspections may be limited

  • Court Timelines: Longer process due to legal steps and court approval

  • Competitive Court Bidding: Properties can attract multiple offers on court day

Ready to Explore Foreclosure Opportunities?

Whether you’re a first-time buyer looking for affordability or an investor seeking your next big win, THE Anna Litvak Joseph TEAM at BC Prime Realty can help you unlock the full potential of the foreclosure market in Vancouver, Burnaby, Coquitlam, Langley, and beyond.

Let’s talk about how to strategically approach a court-ordered purchase—or how we can help banks and lenders with efficient, results-driven sales.

Foreclosure Alerts – Be the First to Know

ABOUT ANNA LITVAK JOSEPH

Anna is a licensed REALTOR® based in Greater Vancouver and providing trading real estate services across Metro Vancouver, Greater Vancouver, Fraser Valley & Kelowna. Anna has an impressive track record and a wealth of experience in all the aspects of the real estate industry. As a full-time REALTOR®, Anna is dedicated to providing her clients with top-notch service, expert advice, and outstanding results in their real estate transactions. Anna emphasizes the importance of building valuable relationships and ensuring client satisfaction from the initial thoughts of making a move and through the home ownership journey. Her customer-centric approach is fundamental to her business philosophy.

With over 15 years of sales experience & entrepreneurship, Anna brings a high level of professionalism, customer service, and integrity to her real estate career. Anna’s outstanding performance in real estate is underscored by her impressive achievements. She qualified as a  Medallion Club Member in 2018, 2019, 2020, 2021, 2022,  and 2023 placing her among the top 10% of real estate agents in Greater Vancouver. Anna has worked hard to gain numerous 5 star testimonials, and is being featured in several publications year over year, including Vancouver Excellence in Real Estate, Top agent Magazines, and more. Anna is also highly ranked in multiple cities across RATE-MY-AGENT.

Anna’s professionalism, expertise and knowledge is the reason why the majority of her business today consists of referral or repeat customers.  

About the team: THE Anna Litvak Joseph TEAM at BC Prime Realty is a full-service real estate team that has grown over the years to a trusted brand that provides service to thousands of happy buyers and sellers.

Their dedication has been acknowledged with the prestigious Medallion Club award in 2023, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

THE Anna Litvak Joseph TEAM at BC Prime Realty values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

THE Anna Litvak Joseph TEAM at BC Prime Realty is truly passionate about their mission of deliver excellence in Real Estate by building long term relationships. Their professionalism, expertise and knowledge is the reason why the majority of their business consists of referral or repeat customers. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

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MARKET STATISTICS MAY 2025

In May, housing inventory across Metro Vancouver climbed to its highest point in a decade, yet MLS® home sales continued to show subdued activity. Although there are early signs of renewed buyer interest, sales remained below the ten-year seasonal average—indicating that many buyers are either still waiting on the sidelines or being highly selective in today’s market. Looking at the year so far, 2025 has recorded one of the slowest sales starts of the past ten years, tracking closely with the patterns seen in 2019 and early 2020. Notably, sales surged in the second half of 2020—but whether 2025 will follow suit is still uncertain.

Detached Home Sales- In May 2025, a total of 654 detached homes were sold, marking a 22.7% drop compared to the 846 sales recorded in May 2024. The benchmark price for a detached home now sits at $1,997,400 — down 3.2% year-over-year and 1.2% from April 2025.

Apartment Home Sales- Apartment home sales totaled 1,087 in May 2025, reflecting an 18.8% decline from the 1,338 sales recorded in May 2024. The benchmark price for an apartment is now $757,300 — down 2.4% year-over-year and 0.7% from April 2025.

Attached Home Sales- Sales of attached homes in May 2025 reached 469, marking a 10.3% decline from the 523 units sold in May 2024. The benchmark price for a townhouse stands at $1,106,800 — down 3.4% year-over-year but showing a slight 0.4% uptick from April 2025.

Interested to discuss the current market situation, have some questions?

Wondering if its a good time to sell and buy? Looking for investment opportunity in a real estate market and want to hear pros and cons, lets discuss all the available options. 

Please contact us today at 604-442-9422

ABOUT ANNA LITVAK JOSEPH

Anna is a licensed REALTOR® based in Greater Vancouver and providing trading real estate services across Metro Vancouver, Greater Vancouver, Fraser Valley & Kelowna. Anna has an impressive track record and a wealth of experience in all the aspects of the real estate industry. As a full-time REALTOR®, Anna is dedicated to providing her clients with top-notch service, expert advice, and outstanding results in their real estate transactions. Anna emphasizes the importance of building valuable relationships and ensuring client satisfaction from the initial thoughts of making a move and through the home ownership journey. Her customer-centric approach is fundamental to her business philosophy.

With over 15 years of sales experience & entrepreneurship, Anna brings a high level of professionalism, customer service, and integrity to her real estate career. Anna’s outstanding performance in real estate is underscored by her impressive achievements. She qualified as a  Medallion Club Member in 2018, 2019, 2020, 2021, 2022,  and 2023 placing her among the top 10% of real estate agents in Greater Vancouver. Anna has worked hard to gain numerous 5 star testimonials, and is being featured in several publications year over year, including Vancouver Excellence in Real Estate, Top agent Magazines, and more. Anna is also highly ranked in multiple cities across RATE-MY-AGENT.

Anna’s professionalism, expertise and knowledge is the reason why the majority of her business today consists of referral or repeat customers.  

About the team: BC PRIME REALTY GROUP is a full-service real estate team that has grown over the years to a trusted brand that provides service to thousands of happy buyers and sellers.

Their dedication has been acknowledged with the prestigious Medallion Club award in 2023, highlighting their excellence as one of the top 10% teams among real estate groups in Greater Vancouver.

BC PRIME REALTY GROUP values diversity and relationship, therefore they follow client- centric approach, making it stress-free journey throughout their real estate experience.

BC PRIME GROUP is truly passionate about their mission of deliver excellence in Real Estate by building long term relationships. Their professionalism, expertise and knowledge is the reason why the majority of their business consists of referral or repeat customers. 

MEET TEAM MEMBERS

Listings  | Selling a Home  | Home Evaluation  | Moving to BC  | Investors 

Market Statistics  | Customized Market Insights

Read
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