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1  Sheriff Sales / Foreclosures / General Discussion / Re: Re: Be Careful what you buy on: June 16, 2019, 06:05:23 AM
Interesting Dave, but in Ontario it is even worse than in that article. Here a tax deed only conveys what is set out in the tax deed less anything that can be claimed by adverse possession by those two adjoining landowners.

Jack:  

Adverse possession, or dealing with neighbors who put a gate across a public roadway to cut off your property access, are always risks.  That is why I think people are crazy to bid full market price.  Of course there is the every day problem of competing against people who know what they are doing like Frank and PFM.    The one problem I really hate though is where the property zoning and the conservation authority are not in sync or even worse where different planners in the same municipality disagree. When you have a zoning of rural residential you expect you can build.    Kawartha Lakes comes to mind as a spot to bid carefully.  Still trying to sort out some of those mistakes I made.

The real horror story comes when you have to justify your actions to your significant other who keeps the books.    That is a tremendous incentive to minimize these types of problems.

Of course if you do your homework sometimes you get surprises of the other type. Like finding out the island property you got was formerly owned by the most exotic island seller in the world out of Germany, as you can see from his website.      https://www.vladi-private-islands.de/

He doesn't touch anything unless it is first class.  

Even more interesting is when you find an even earlier owner's.  ship which is wrecked on the island was burned by members of this infamous family  http://www.black-donnellys.com/the-story/ in rum running days.  At that time my former owner  a (in)famous bootleger apparently knew this person;  https://en.wikipedia.org/wiki/Al_Capone, personally.  
 
2  Sheriff Sales / Foreclosures / General Discussion / Be Careful what you buy on: June 15, 2019, 03:09:11 PM
interesting story out of the US

http://www.sun-sentinel.com/local/broward/fl-ne-tax-auction-leaves-buyer-hurting-20190615-d573l2aw7nbk7hgf4y2d36qcoy-story.html
3  Tax Sale Forum / General / Re: Moving a lot line legal question..help needed from the wiser ones on here on: June 02, 2019, 06:10:04 AM
The possible problem is the property change registration in Land Titles.   Not certain on that part.

Need someone with a legal background like Netpred to weigh in.
4  Tax Sale Forum / General / Re: Moving a lot line legal question..help needed from the wiser ones on here on: June 01, 2019, 05:46:20 PM
this may help but I think maybe more complex then you want as it can also apply to a complete severance.

https://www.wellington.ca/en/resident-services/resources/Planning/Development-Applications/April-2018-Lot-Line-Adjustment-Application-Form.pdf.

I suggest you talk to the local planning department in your specific case.
5  Tax Sale Forum / General / Re: What do you folks think about the recent Markham sale? (results) on: May 30, 2019, 06:02:28 AM
Just wish I had the funds to submit a bid as high as the winning bid. too rich for me.
6  Sheriff Sales / Foreclosures / General Discussion / Finally a lawyer I can afford on: May 25, 2019, 12:13:40 PM
I wonder if she does tax sales  Grin

https://www.msn.com/en-ca/money/topstories/a-lawyer-who-makes-dollar170-hour-tax-court-wasnt-buying-it-either/ar-AABRCjH
 
what is interesting she even appealed the original decision.
7  Tax Sale Forum / General / Re: Should Municipality STOP selling unbuildable LAND? on: May 16, 2019, 05:26:58 AM
Mountainman:


Selling property does not get enough attention on this board.  Look at how one owner does it.

https://www.kijiji.ca/v-land-for-sale/owen-sound/beautiful-scenic-100-acre-farm/1414104584?enableSearchNavigationFlag=true

Make sure you turn on your sound.
8  Tax Sale Forum / General / Re: Should Municipality STOP selling unbuildable LAND? on: May 14, 2019, 02:32:04 PM
the old stock market rule applies " Any fool can buy it, the key is what you can sell it for."

Lately my problem has not been garbage land but garbage prices.   We have always had garbage land.  Many of the buying prices lately are not sustainable for long term profitability. Any time you buy something with no right of inspection the risks are higher but have to be factored in.  
Although if you do it right there can be pleasant surprises as well. I think we all missed the jewelry mine that came up for tax sale a few years ago.    


My concern recently is what garbage is underground.   Above ground you can determine.   We are seeing more and more property that is environmentally contaminated come up for tax sale.   Unfortunately there is not any easy way to determine much of the environmental contamination.   Even a regular legal search may not help you.

I had one possible regular real estate purchase recently that I instructed my lawyer to go back to crown patent which involves a search of legal records that predates the electronic records on file.   A hundred years ago the property was owned by a major oil company who sold the property over 80 years ago.  Nothing on modern land records showed this and the owner was rather upset when they were informed about the history because they maintained they had no idea even though they had owned the land for a quarter century.  The property today is scrub brush.    I walked.
  
The worst problem I have had is with a conservation authority.   The municipality had it zoned for building.   The conservation authority said no.  Still trying to get rid of that one.    ouch.    Doublely so because my significant other keeps the books.
9  Sheriff Sales / Foreclosures / General Discussion / Re: Re: Muskoka Flooding getting worse ? on: May 04, 2019, 06:15:36 PM
This GODDAM flood in Muskoka!!!

Now they have delayed the tax sale.
10  Sheriff Sales / Foreclosures / General Discussion / Re: Re: Muskoka Flooding on: May 04, 2019, 07:50:52 AM
This GODDAM flood in Muskoka!!!

of course if you want buy a water lot you can always buy  this one in the upcoming Centre Hastings tax sale.  Wonder what the fishing is like?

(check the Tri Target aerial photo)

Vacant Lot
Tax Sale Date: May 09, 2019


Part of Lot 10, Concession 9, Huntingdon as in QR216897; s/t QR216897, t/w QR216897, Centre Hastings, County of Hastings, being PIN 40304-0071 (LT) (File No. 26933-2)
Minimum Tender Amount: $25,823.00
11  Sheriff Sales / Foreclosures / General Discussion / Re: Re: Muskoka Flooding on: May 01, 2019, 11:50:50 AM
Thanks Davey....we are high and dry. 

The way things are going your waterfront property may become a water lot.   Our hopes for continued high and dry are with you.   
12  Sheriff Sales / Foreclosures / General Discussion / Muskoka Flooding on: April 24, 2019, 06:31:37 PM
Frank:

Hopefully it does not effect you?

Dave
13  Tax Sale Forum / General / Re: Re: RUN RUN RUN Simcoe on: April 09, 2019, 05:00:11 AM
Thanks Pfm.....sounds like a real steal....we should send Dave a private message about this great deal and see if we can get him hooked on it, he might even be good for that beer.  Cool

Sorry Frank no beer from me:

there were better opportunities in Windsor getting a residential property for you.  

https://www.msn.com/en-ca/news/canada/province-announces-sale-of-windsor-jail-for-dollar150k-in-as-is-condition/ar-BBVKf3S?li=AAggFp5
14  Sheriff Sales / Foreclosures / General Discussion / Re: Re: Happy Holiday Season on: December 30, 2018, 06:51:39 AM
Get your party hats on.    Cool 

Frank:

If you are going to a party you need a suitable vehicle to get you there and back.   How about a new Lamborghini.

https://www.lamborghini-tractors.com/en-nd/

 Grin
15  Sheriff Sales / Foreclosures / General Discussion / Happy Holiday Season on: December 22, 2018, 06:09:50 PM
Just wishing everyone a good holiday season and a happy new year
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