Ontario Tax Sale Property Forum
Tax Sale Forum => General => Topic started by: desiinquirer on April 06, 2010, 11:32:22 PM
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Hey folks,
I'm new to this and had a few questions regarding tax sales. I have looked through the forums and haven't really found any answers to my questions. I would really appreciate if someone could explain this to me.
1. If you were to win a bid, would you assume the mortgage and other liens that the property has?
2. Can you approach the property owner and offer to buy his house by paying his taxes off and maybe giving him additional cash to avoid a bidding war at the auctions?
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I'm afraid you haven't really read through the forums, but if you use the search function, searching for lein, owner or mortgage, all the answers are here. Believe me, if you read each & every forum, (and it took me almost 4 weeks of spare time) you will get a university degree in tax sales proceedure, and it is well worth the time investment, and much cheaper than any of the sleezeball real estate courses that are sold every day.
Happy reading.
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Ok, before PFM sails back from Dave2's private island, and before this fellow "ruins" someone's another fair game, here it is -
http://taxsaleproperty.org/forum/index.php?topic=1081.msg4999#msg4999
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Ok, before PFM sails back from Dave2's private island, and before this fellow "ruins" someone's another fair game, here it is -
http://taxsaleproperty.org/forum/index.php?topic=1081.msg4999#msg4999
Gee now I understand why PFM was relearning how to tie a hangman's knot and asked to borrow all my rope.
But seriously never never never try it.
Dave2