Ontario Tax Sale Property Forum

Tax Sale Forum => British Columbia Tax Sale Properties => Topic started by: aaa on August 19, 2009, 02:05:57 AM

Title: about property you bought after one year redemption period
Post by: aaa on August 19, 2009, 02:05:57 AM: what are you supposed to do if the original owner doesn't move out after the property transferred to you? does it cause lawsuit or what?
Title: Re: about property you bought after one year redemption period
Post by: Rob on August 20, 2009, 01:00:21 AM: Good question,

You go to court and begin the eviction process. If they fail to leave within a period of time, you bring the sheriff with you and they will assist in arresting and evicting.

But the person could be a renter, that could have a contract that you may need to honor. In that case, the rent will go to you.
Title: Re: about property you bought after one year redemption period
Post by: aaa on August 20, 2009, 07:57:46 PM: thank you for your answer. it's very helpful. i just wonder if people interested in tax sales might organize together as a team to participate in tax sales this year.
Title: Re: about property you bought after one year redemption period
Post by: Pfm1011 on August 20, 2009, 10:39:09 PM: Quote from: aaa on August 20, 2009, 07:57:46 PM
i just wonder if people interested in tax sales might organize together as a team to participate in tax sales this year.

Since you are new ..we will forgive you..

We do not team up..we are all competition , we just share info to prevent wasting our time on junk, we then go to good pieces and try to beat each other at the bids
Title: Re: about property you bought after one year redemption period
Post by: aaa on August 21, 2009, 02:40:50 AM: Quote from: Rob on August 20, 2009, 01:00:21 AM
Good question,

You go to court and begin the eviction process. If they fail to leave within a period of time, you bring the sheriff with you and they will assist in arresting and evicting.

But the person could be a renter, that could have a contract that you may need to honor. In that case, the rent will go to you.

i saw an article on this forum that eviction takes a long time and costs more money. i just wanna know how long actually it takes and how much you gotta put in the procedure?
Title: Re: about property you bought after one year redemption period
Post by: aaa on August 21, 2009, 03:18:13 AM: source from: tax sale information of saanich, bc

Question 1:The purchaser has the right to enter on the tax sale property to maintain it in proper condition and to prevent waste.

does that mean that you, as the buyer, can check the property during the redemption period? but how if you don't have keys of the property, especially the original owners still live there?

Question 2: During the period of redemption, the owner may bring an action in the Supreme Court to have the tax sale set aside and declared invalid under certain specified grounds.

what does that mean? could you get your fund back?
Title: Re: about property you bought after one year redemption period
Post by: Pfm1011 on August 21, 2009, 11:19:49 AM: You get your money back with very low interest.
Title: Re: about property you bought after one year redemption period
Post by: tml on August 21, 2009, 03:09:06 PM: What is the redemption period? Is it between the time you win the tender and you pay the balance? The previous owners can still redeem one year after you take ownership?

I had asked before, but still am not sure-If after you take ownership and the previous owner hasn't vacated, and you haven't said anything to the previous owner that can throw you into a tenancy relationship, the previous owner is a trespasser that is illegally occupying the residance and can arrested. I spoke to numerous lawyers and paralegals on this and they all said the same. Mind you, tax sales don't come across their desk too often, so some of the people on this site are probably more knowledgable than them on the subject.