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 91 
 Sheriff Sales / Foreclosures / General Discussion / Municipality delays deed transfer more then a month
 on: September 21, 2018, 06:42:21 AM 
Started by bee - Last post by bee
Hello, when municipality intentionally delays deed transfer, is any way to pressure them to speed it up, may be file complain in Municipal Tax Act overlooking agency?
So frasrtrating they sooo slow, lazy assess.
Thanks.

 92 
 Sheriff Sales / Foreclosures / General Discussion / 138 Lakeshore Dr., Wheatley
 on: September 17, 2018, 06:25:50 PM 
Started by ErnestBidder - Last post by ErnestBidder
  138 Lakeshore Dr., Wheatley looks like it could be a nice win for someone within travelling distance. No one is posting, so Dave2 must be holding his continuous beer bashes again!

  :>))

 93 
 Tax Sale Forum / Property Information / Re: MAGNETAWAN
 on: September 07, 2018, 08:41:46 AM 
Started by bee - Last post by bee
Yes, it's possible, the same scenario is just happened with Prince Edward 80AC, owner redeemed 6 days after bidder paid the balance, and municipality waited for him to pay.
It does not matter how fast bidder will "rush", if Municipality sensed that owner is "exist", they will delay as much as they can. Happens all the time....

 94 
 Tax Sale Forum / Property Information / Re: MAGNETAWAN
 on: September 06, 2018, 05:59:52 PM 
Started by bee - Last post by Matt
Bee, but how do you know it is the owner there?

I see three possible scenarios:

1. The owner is still there as you say.  Well, then the winner should rush with his payment of the balance and get deed registered as quickly as possible.  After that, it is just a matter of evicting the previous owner.

2. Someone is renting the cottage.  The winner has got a better deal than expected.  Honor the current lease and continue renting until the end of the term.

3. A third party (possibly an illegal occupant) lives there without consent of the owner, owner being unreachable or not to be found anywhere.  In this case, we all know who to contact- OPP.


In my honest opinion, whoever stays there right now, it is not the owner but falls into #2 or #3 above.  Why in the world would an owner take the risk of losing his cottage for just 15K of debt?

 95 
 Tax Sale Forum / Property Information / Re: MAGNETAWAN
 on: September 06, 2018, 02:38:52 PM 
Started by bee - Last post by bee
The owner is still there, most likely will be redeemed.

 96 
 Tax Sale Forum / Property Information / Re: MAGNETAWAN
 on: September 05, 2018, 07:29:13 PM 
Started by bee - Last post by Matt
That cottage has an assessment value of 301K and the Real Time Valuation of 374K. 
But, similar cottages in that area recently actually went for 210k-260K. 
What paper says and what is actually being sold in real life is different, especially in remote areas. 
So in my opinion, if the winner is a local person, I think 177K is still a good buy. However, if the winner is from far (let's say from the GTA), he better like driving a long distance to Magnetawan.

Congrats to the winner!
Hopefully this time, there is no after sale redemption.

 97 
 Tax Sale Forum / Property Information / MAGNETAWAN
 on: September 05, 2018, 12:01:22 PM 
Started by bee - Last post by bee
Sold for $177K, 12 bids

 98 
 Tax Sale Forum / Property Information / Re: I hope this goes to tax sale
 on: September 02, 2018, 09:31:37 PM 
Started by Dave2 - Last post by Frank
Deal of the year is redeemed2.

Redeemed post sale.....gotta hate it when that happens.   This could be the work of Curtis.   Cool

 99 
 Tax Sale Forum / Property Information / Re: I hope this goes to tax sale
 on: September 02, 2018, 09:20:06 PM 
Started by Dave2 - Last post by bee
Deal of the year is redeemed2.

 100 
 Tax Sale Forum / Questions and Answers / Re: Re: Use common sense to avoid tax sale problem properties.
 on: September 02, 2018, 02:10:27 PM 
Started by Dave2 - Last post by Dave2
Dave

You are an astute student.   As this is considered 'hazard land' and can't be built on it should either carry an assessment of $1....or more appropriately fall under Municipal/Conservation ownership.   The map does clearly show it as being in a flood plain....and the rain falls mainly on the plain, in Spain.   Cool

Frank:

I agree I have a lot to learn.   What is frustrating about this business is you have to have good skills on the sell side as well as the (taxsale) buy side.   After getting beat up by a potential buyer
who wanted over $100,000 in mortgage loans and went ballistic because I wanted a credit check sometimes I wonder what I am doing wrong.     Huh

Dave  

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