Ontario Tax Sale Property Forum
Tax Sale Forum => Questions and Answers => Topic started by: worldjohn on September 06, 2016, 07:48:17 PM
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Ive been travelling around the world now Im back. I put in a bid and won. Did an execution search on the name of the owner (as recommended by the experts here). This time I found a writ from the TD bank as the creditor. When I searched that writ I found a judgement of $21,000 from 2013. My question is; do I have to worry about this or will it not affect anything when the title goes into my name?
Im also curious why they didnt have a sheriffs sale to clear the debt? or if they where would I find out? thanks
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As far as I understand is that they can't go behind you personally but if you don't pay TD they have the power to sell it and revive the amount. Correct me gurus?
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If an execution is not in favor of the Crown, you should be able to have it removed from the title after the tax deed is registered. Why was there no sheriff's sale prior? My guess is, from the Bank's perspective, the property was not worthwhile for the effort to "push" for one especially after tax arrears the bank might still end up with nothing. I bought a property several years ago with $30,000 debt from RBC registered on title. I received the title clean. And RBC never came back to haunt me.
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long and short....not your problem..Nothing to worry about..