Ontario Tax Sale Property Forum

Tax Sale Forum => General => Topic started by: Rob on March 24, 2006, 11:34:03 PM

Title: What is your cash limit for purchasing a tax sale property?
Post by: Rob on March 24, 2006, 11:34:03 PM

What is your cash limit for purchasing a tax sale property?

Title: Re: What is your cash limit for purchasing a tax sale property?
Post by: GregM on September 08, 2006, 10:53:47 PM

Not sure what my limit would be, however, when it comes to large bids, even though I have access to 90% of the value of my house, for a line of credit, it takes some time to process that. I have fears to bid on anything in the >$100,000 range as the downpayment would be >$20,000. If I put that money up, then ran into a hitch getting the rest of the cash from the bank within the 15 days after winning the bid, I could lose the $20,000. Any other thoughts on that?