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Canadian Wealth Builders visit British Columbia Supreme Court in Vancouver Vancouver September 21st, 2009 Arwen Brooks Canadian Wealth Builders (CWB) recently completed a very special 3-day Foreclosure Apprenticeship in Vancouver. Part of this unique Apprenticeship was visiting the B.C. Supreme Court, where all Apprentices received first-hand experience on how the B.C. foreclosure system works. Each Apprentice took part in 2 days of in-class intensive education. This includes becoming familiar with the Mortgage Act, the Foreclosure Act, and property law, as well as many practical rescue remedies that enable each Apprentice to help people and make money. Each Apprentice goes through many group and partner activities and academics, as well as understanding the practical uses for all the information. Once the Apprentice has completed the training, they are given the designation of a B.C. Foreclosure Rescue Expert. The developer behind CWB’s unique training style is Navtaj Chandhoke, VP of CWB. When asked about the reasons and intent for creating this course, Navtaj Chandhoke responded: “I was very disappointed in the current education available for B.C. real estate investors. The information and expertise was only available to a handful of lawyers, not educators. At CWB, we decided to take a giant step to disclose the secrets of the Foreclosure process, and the remedies and “dirty tricks” of the trade which have been used on distressed homeowners to gouge their last penny.” On Monday Sep. 21, all Apprentices were called in to B.C. Supreme Court. They were briefed about court conduct and etiquette. Once in the Supreme Court of B.C., they were able to understand all of the Foreclosure cases that were heard in front of Honourable Supreme Court Judge (Master). These cases involved many petitions, motions, disputes and vesting orders (final sales). Apprentices were able to understand the legal terminology, as they now had the knowledge to understand all that was happening. During the procedures, the Judge made several rulings in which all Apprentices had already acquired a broad knowledge. CWB Apprentices got a chance and opportunity to meet 2 homeowners who were in the process of losing their property. The Apprentices were able to utilize all of the rescue remedies to help the homeowner avoid or delay the process, providing the homeowners with a second choice and enough time to downsize. Honourable Supreme Court Judge Donaldson inquired as to the presence of the CWB Apprentices. Upon hearing of the CWB Foreclosure Apprenticeship, he decided to share his position of the foreclosure process in B.C. Apprentices were allowed to ask some direct questions to the Honourable Court Judge Donaldson. He was kind enough to shed light on the cases that were heard that morning, explaining the reasons for his rulings. It was a one-of-a-kind educational experience for the CWB Apprentices, to interact with a British Columbia Supreme Court Judge. The height of excitement and acknowledgement coupled with their newly gained knowledge of B.C. foreclosure was seen in every Apprentice’s face, which may be a landmark in their life. CWB continues to have the most innovative, aggressive, roll-up-your-sleeves, get into the trenches, and practical aspect of teaching. Gord Lemon of CWB shared his observations from the beginning to the end of the training, saying that “on the first day, the Apprentices had no idea what to expect. As they went through the course, it was very obvious as their mindset started to go from very limited to infinite possibilities. It was a major transformation as they worked through the exercises and enhanced their presentation skills, visibly coming out of their shells and ready to take on their business in earnest.” The Apprentices had a few other surprises, which included a visit to the B.C. court registry office where each Apprentice was given 2 recently filed foreclosure cases. The ability of the Apprentices to translate all legal documents with ease demonstrated the transformation of the Apprentices into actual experts. Canadian Wealth Builder`s new B.C. Foreclosure Rescue Apprentices have a mandate to help distressed homeowners by assisting them through a very difficult time in their life, and are well on their way to making a huge fortune for themselves. In reflection on his innovative education system, Mr. Chandhoke notes that “this Apprenticeship has filled the void of the rights and obligations of the homeowner, lender, the lawyers and the courts. Our intent is to bring awareness to Canadians that 500,000 Canadians are experiencing a very difficult time in this economic downturn. CWB maintains to educate our apprentices to help families first.”

If you missed the previous article – Profiting from Foreclosures in Canada Part 1 As a full time Canadian real estate investor, we will be able to create a lot of business by helping people that have got into financial difficulty and are in the midst of the foreclosure process. Real estate  investors  need to understand [...]

As a full time Canadian real estate investor, we must be continually creating massive and passive income for ourselves. Foreclosures can be a source of many deals for us, where we are helping people who have gotten themselves into a situation and allow them to downsize with dignity and with money in their pocket. So, what [...]

As a full time Canadian real estate investor, we must be doing deals on a regular basis that continue to create massive and passive income for ourselves. The deals we want to spend our time on do not require our own money to facilitate the acquisition or profit. In a previous article, we talked about flipping [...]

As a full time real estate investment professional, you need to create business for yourself that is not solely hinged on you coming up with money to put into every property acquisition. That is not really a business… that is only an investment. That process can also be buying yourself a job …as a renovator, or [...]

As a full-time Canadian real estate investor, we must be very aware of the types of mortgages that we take. During our time as an investor, we will  do deals where we do not take the mortgage ourselves. In other words, we may joint venture with someone who does the qualifying. We will, however, be [...]

If you missed the previous article – Mortgage Jargon – Part 4 We will continue in our series of Mortgage jargon. As full time Canadian real estate investors, we need to utilize the following definitions as part of our everyday language. Estopple Certificate This is a document that outlines the legal and financial state of a condominium corporation. [...]

If you missed the previous article – Mortgage Jargon – Part 3 We will continue in our series of Mortgage jargon. As full time Canadian real estate investors, we need to utilize the following definitions as part of our everyday language. Municipal Levees Special levees can be charged by municipalities to recover the cost of their services if [...]

If you missed the previous article – Mortgage Jargon – Part 2 We will continue in our series of Mortgage jargon. As full time Canadian real estate investors, we need to utilize the following definitions as part of our everyday language. Default Default is the failure to make any monthly mortgage payment, or meet any other term of [...]

As a full time real estate investor, we will be getting a number of mortgages during our career.  It is best that we understand all of the mortgage jargon in order to fully understand our mortgage brokers, bankers, lenders, etc., not to mention the contracts we will be signing. So let’s highlight some typical jargon that [...]