Ontario Tax Sale Property Forum
Tax Sale Forum => Property Information => Topic started by: Pfm1011 on April 29, 2010, 01:23:17 PM
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OK here we go folks you are about to see every scummy tactic available..call the owner..post fake notices about toxic waste or redemption's.
post a notice like.."well I know a guy who's bidding 100 million ..if you aren't going to beat that ..don't bother bidding "
.etc etc . ....oh wait it will redeem and if it redeems at the very last minute..expect a fun meeting at the town hall as screams of "fraud" are heard..
If it doesn't redeem then if we are real lucky expect the fake daughter to show up after the sale faking a redemption attempt..I will be in next week to pay..so the treasurer tells the winner not to pay as the family is redeeming and winner doesn't pay in the ten days and them number two shows up and forces a sale to them ( true story ..didn't work, fooled the treasurer but winner paid despite treasurer saying not to .... sad but true.. someone actually tried it)
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OK here we go folks you are about to see every scummy tactic available..call the owner..post fake notices about toxic waste or redemption's.
post a notice like.."well I know a guy who's bidding 100 million ..if you aren't going to beat that ..don't bother bidding "
.etc etc . ....oh wait it will redeem and if it redeems at the very last minute..expect a fun meeting at the town hall as screams of "fraud" are heard..
If it doesn't redeem then if we are real lucky expect the fake daughter to show up after the sale faking a redemption attempt..I will be in next week to pay..so the treasurer tells the winner not to pay as the family is redeeming and winner doesn't pay in the ten days and them number two shows up and forces a sale to them ( true story ..didn't work, fooled the treasurer but winner paid despite treasurer saying not to .... sad but true.. someone actually tried it)
Well I know I guy who is bidding 200 million so don't bother. Also, it was redeemed two minutes ago, so don't bother. Also, it is on native grounds and native title is not extinguished by provincial statute so don't bother (now that's a new one).
To be perfectly honest I plan on watching this one go by (just like Trent Hills). It will redeem or there will be far too much bidding going on for it to be worth my while. Now if eveybody thinks like this, maybe it can be had for a near minimum tender. ;D
The one thing that I'm not sure of is the effect of the life interest and the debt liability. I would check with a lawyer before bidding to avoid a potential problem.
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This is true..not just a scare
162 K in crown liens from early 2007 . Revenue Canada ..Im guessing just over 200k with interest... Lowballers and lottery hopefuls.....better move along
wait..go spend $150 on a title search..I could be bluffing to scare you off and then scoop it for $2 over the minimum....hmmmmm
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The interest in 9% so the lien should be around the 209K . If anyone confirms the number please post
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Haha.. I'll pass. Gravenhurst is abit too overpriced in my opinion relative to the neighbouring areas with alot less riff-raff on weekends to deal with too!
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This might help enlighten anyone interested in the Crawford Island property from the Town of Gravenhurst.
My choice on this one is to pass. Sounds to good to be true.
3.4 S/T VENDORS LIEN in #
Under the registry system, a vendor?s lien is typically not a separate registration but is included within a deed. Upon conversion, a vendor?s lien may be noted in the property description of a PIN when it is contained in a deed within the three deed/ten year period for conversion and has not been dealt with in subsequent registrations.
To delete the lien, an application is required with evidence the lien no longer exists. Acceptable evidence could be reference to previously registered or deposited instrument or an application with a solicitor?s statement/affidavit setting out that the time period for the vendor?s lien has expired or that the lien has been paid off.
3.5 S/T DEBTS, if any, in #
A LTCQ PIN may include a notation of ?s/t debts? in the property description where it is not clear that the debts of an estate have been sufficiently dealt with in previously registered instruments.
The debts notation may be deleted by registering an application. Pursuant to Bulletin 98003, an execution search against the deceased is required. The evidence in support of the application can consist of an affidavit from the estate trustee or statement/affidavit from a solicitor stating that:
1) The debts of the deceased are paid in full; or
2) The purpose of transfer (inst. # noted in the property description) was for the purpose of paying the debts of the estate; or
3) 40 years have passed since the date of death of the deceased in (inst. # noted in the property description); or
4) Unequivocal solicitor?s statement that no debts exist; and
5) The clear Writ Certificate number.
3.6 S/T BENEFICIARIES INTEREST, if any, in #
When a potential beneficial interest has not been accounted for in an estate deed, a S/T Beneficiaries Interest, if any, in # notation may be included in the property description of the PIN. Examples of when this will occur are where the statement ?this transfer is bona fide and for value and for the purpose of paying debts? was not included in the transfer from the estate or where the will specifies that the property be given to an individual but is conveyed to a third party without the beneficiary?s consent.
To delete the beneficiaries notation, an application is required and the supporting evidence can be a solicitor?s statement/affidavit, stating unequivocally, that no outstanding interest exists. Alternatively, appropriate consents may be obtained.
3.7 S/T LIFE INTEREST in #
A deed that contains a life interest that does not appear to have been dealt with in subsequent dealings with the property will be noted in the property description of a PIN. An application is required supported by evidence that the interest no longer exists. The evidence may be:
1) Reference to a previously registered or deposited instrument that contains proof of death or the consent of a life tenant; or
2) Where there is no evidence previously registered or deposited, proof of death or consent of the life tenant included in the application.
The proof of death evidence may be provided by a Law Statement. If the PIN is to be transferred and the life interest is contained in the current title document, the life interest may be dealt with in the Transfer by including the above evidence. Pursuant to Bulletin 98003, an execution search is required.
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This might help enlighten anyone interested in the Crawford Island property from the Town of Gravenhurst.
My choice on this one is to pass. Sounds to good to be true.
3.4 S/T VENDORS LIEN in #
Under the registry system, a vendor?s lien is typically not a separate registration but is included within a deed. Upon conversion, a vendor?s lien may be noted in the property description of a PIN when it is contained in a deed within the three deed/ten year period for conversion and has not been dealt with in subsequent registrations.
To delete the lien, an application is required with evidence the lien no longer exists. Acceptable evidence could be reference to previously registered or deposited instrument or an application with a solicitor?s statement/affidavit setting out that the time period for the vendor?s lien has expired or that the lien has been paid off.
3.5 S/T DEBTS, if any, in #
A LTCQ PIN may include a notation of ?s/t debts? in the property description where it is not clear that the debts of an estate have been sufficiently dealt with in previously registered instruments.
The debts notation may be deleted by registering an application. Pursuant to Bulletin 98003, an execution search against the deceased is required. The evidence in support of the application can consist of an affidavit from the estate trustee or statement/affidavit from a solicitor stating that:
1) The debts of the deceased are paid in full; or
2) The purpose of transfer (inst. # noted in the property description) was for the purpose of paying the debts of the estate; or
3) 40 years have passed since the date of death of the deceased in (inst. # noted in the property description); or
4) Unequivocal solicitor?s statement that no debts exist; and
5) The clear Writ Certificate number.
3.6 S/T BENEFICIARIES INTEREST, if any, in #
When a potential beneficial interest has not been accounted for in an estate deed, a S/T Beneficiaries Interest, if any, in # notation may be included in the property description of the PIN. Examples of when this will occur are where the statement ?this transfer is bona fide and for value and for the purpose of paying debts? was not included in the transfer from the estate or where the will specifies that the property be given to an individual but is conveyed to a third party without the beneficiary?s consent.
To delete the beneficiaries notation, an application is required and the supporting evidence can be a solicitor?s statement/affidavit, stating unequivocally, that no outstanding interest exists. Alternatively, appropriate consents may be obtained.
3.7 S/T LIFE INTEREST in #
A deed that contains a life interest that does not appear to have been dealt with in subsequent dealings with the property will be noted in the property description of a PIN. An application is required supported by evidence that the interest no longer exists. The evidence may be:
1) Reference to a previously registered or deposited instrument that contains proof of death or the consent of a life tenant; or
2) Where there is no evidence previously registered or deposited, proof of death or consent of the life tenant included in the application.
The proof of death evidence may be provided by a Law Statement. If the PIN is to be transferred and the life interest is contained in the current title document, the life interest may be dealt with in the Transfer by including the above evidence. Pursuant to Bulletin 98003, an execution search is required.
...and the games continue.
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This might help enlighten anyone interested in the Crawford Island property from the Town of Gravenhurst.
My choice on this one is to pass. Sounds to good to be true.
How did "island property" and "too good to be true" end up in the same paragraph? This is an island property, AND there's some serious potential issues as mentioned above that could prove disastrous for a potential buyer.
Island properties are so risky to get involved with. The average listing time before selling for a standard cottage property is about 6 months. For an island property its about 20 months.
I wouldn't get too excited about an island property. Almost nobody really wants to be on an island other than the fact that it's cheaper. If I had the choice between an island property and year round access waterfront one with environmentally toxic soil I think I would go with the one where I can access it 12 months a year by car and don't have to load and unload everything twice (car and boat).
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That's what I liked about the Trent hills "island" All the privacy and waterfront of an island but none of the inconvenience and added expenses. Didnt need to hire a barge to bring in drywall or pay 2 or 3 grand a year for a slip
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Crawford Island...cancelled......damn.....stuck camping for another summer