Foreclosure Services
A focused approach to taking possession of foreclosed properties, securing premises, and coordinating property recovery.
Our Approach
Assignment Received
We confirm the assignment details and make sure everything is in place.
File Reviewed
We review the details and determine the most practical approach.
Recovery Underway
We move the recovery forward and keep you informed along the way.
Recovery Completed
We confirm the outcome and provide all required recovery documentation.
What Our Recovery Agents Handle
Every foreclosure assignment comes with different property conditions and requirements. Our team helps lenders manage these responsibilities through the following services:
- Property Lock Changes: Securing authorized access to foreclosed properties.
- Premises Securing: Protecting properties against unauthorized access.
- Property Condition Documentation: Capturing photographs to document property conditions.
- Property Inventory: Recording items and belongings found on the premises for accurate reporting.
Properties we handle
Professional foreclosure services for residential, commercial, and other real estate properties.
Explore Other Assets We RecoverResidential Properties
Houses, condos, and residential real estate.
Commercial Properties
Offices, retail, and business properties.
Industrial Properties
Warehouses, industrial buildings, and facilities.
Vacant Properties
Property inspections, securing, and possession support.
Foreclosure FAQs
What is foreclosure?
Foreclosure is a legal process that allows a mortgage lender to recover an outstanding debt when a property owner defaults on their mortgage. Depending on the circumstances, this may involve taking possession of or selling the property. City Collections provides foreclosure-related property services to financial institutions and lenders across Manitoba and Saskatchewan.
What foreclosure services does City Collections provide?
City Collections assists lenders and financial institutions with foreclosure-related property assignments, including property inspections, securing premises, possession support, and documentation throughout the recovery process in Manitoba and Saskatchewan.
What types of properties can City Collections handle?
City Collections handles residential, commercial, industrial, and vacant properties, including houses, condos, offices, retail spaces, warehouses, and other facilities.
Can City Collections assist with occupied and vacant properties?
Yes. City Collections assists with both occupied and vacant properties, providing property inspections, securing services, and possession support in accordance with applicable legal requirements and authorized instructions.
How do I submit a foreclosure assignment to City Collections?
Existing clients can use our Submit an Assignment form or provide City Collections with access to their own portal to manage assignments through their existing system. New clients can get started through our Become a Client page.
Is City Collections licensed and bonded for foreclosure services?
Yes. City Collections is fully licensed and bonded for foreclosure assignments across Manitoba and Saskatchewan, with $1 million in commercial general liability coverage.
Become a client
Interested in working with City Collections? Complete the form and a member of our team will be in touch.