A mortgage default sale in Saskatchewan runs through the Court of King's Bench rather than a fast, out-of-court foreclosure process, so a lender generally needs a court order before the property can be sold, which takes real legal time to work through.
A distressed multi-unit or commercial building can also change hands through a receiver appointed by the court, who manages and eventually sells the property on the owner's behalf, so a buyer in that situation deals with the receiver's process rather than a typical listing negotiation.
Whichever route brought a distressed property to market, the sale still needs a real number behind it rather than an automated estimate pegged to the city's $444,700 average instead of the building's actual condition. Get your hand-reviewed valuation from Joel Dyck.