Ontario Tax Sale Property Forum
Tax Sale Forum => Property Information => Topic started by: worldjohn on May 11, 2010, 07:21:59 PM
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finally thought I found two properties that were ideal for me. The 98 acre farm on spring road and the 50 acres nearby. But
The 98 acres has a CROWN LIEN from the "ministry of housing"
to me it seems obvious that it is a crown lien but if anyone thinks Im wrong please do let me know.
The 50 acres didnt have that lien but they are the same owners so I assume its likely that sometime before the closing the ministry will slap a lien an this one as well.
The also both have mortgages from "Farm credit Canada" Anyone know if thats a crown institution?
As well the treasure tells me that shes been in contact with the owners and its likely to redeem
hope I saved someone the time and trouble that I went to
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Farm Credit Canada:
1959 - The Farm Credit Act (FCA) was introduced and established FCC as a Crown corporation, with a statutory interest rate of five per cent and capital of $8 million.
They have issued Bonds, guaranteed from the government of Canada and borrow directly from the feds
Get this off their web site http://www.fcc-fac.ca/en/index.asp
Cheers
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As suspected both the good properties were redeemed. Why do people not seem interested in Manitoulin properties. I drove through there once and it seemed pretty and idyllic
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It is nice but from GTA it is too far once you add the ferry etc