Ontario Tax Sale Property
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Bidding - 101
Chapter: INTRODUCTION
Only bid what you can afford
Only submit one bid
Be sure to address the letter and money order to the correct person.
Be sure to include at least 20% of your deposit. Including more where possible.
Do not bid on the taxed assessed value of the property. This value does not line up with the actual value of the property
Many people attend in person.
If you win the bid you will forefit your deposit if you do not come up with the remaining amount of money in time. If this event occurs the second place bidder becomes the first place bidder.
Many properties don’t receive a single bid.