Ontario Tax Sale Property Forum

Sheriff Sales / Foreclosures => General Discussion => Topic started by: MikeS on June 02, 2016, 08:14:17 PM

Title: Niagara?
Post by: MikeS on June 02, 2016, 08:14:17 PM

Any idea what happened with Culp? its back on

Title: Re: Niagara?
Post by: Frank on June 07, 2016, 01:40:36 AM

Not shown in the results for the May sale, likely pulled with the owner promising to pay up....and obviously didn't.  I'm surprised they would hold a sale for one property.  8)

Title: Re: Niagara?
Post by: MikeS on June 07, 2016, 01:57:24 PM

yeah, but they already reported the sale with price....don't they only do that once someone has paid in full?

Title: Re: Niagara?
Post by: Frank on June 07, 2016, 07:06:33 PM

Quote from: MikeS on June 07, 2016, 01:57:24 PM

yeah, but they already reported the sale with price....don't they only do that once someone has paid in full?

Don't know, call them they may tell you, could be any number of reasons:

- the top and second bidders could have walked....did you notice there is an execution against the property...could be crown, and if they didn't do their homework then they forfeit their deposits.

- owner could have come in at the last minute with a cheque...that bounced, or agreed to enter into an instalment situation, which went bad.

- municipality could have made some mistake in their ad or process, and had to do a 'do over'.

--etc., etc.

 8)