31
General Discussion / Re: Re: Be Careful what you buy
« on: June 16, 2019, 12:05:23 PM »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.