Ontario Tax Sale Property Forum

Tax Sale Forum => Property Information => Topic started by: shah on May 05, 2011, 01:22:25 PM

Title: Peel Results
Post by: shah on May 05, 2011, 01:22:25 PM

Anyone has the results for Ukraine Rd ? Please send me a PM. Thanks.

Title: Re: Peel Results
Post by: PG on May 05, 2011, 03:07:31 PM

Final bid was $378,000.  Seven bids over $300,000 and over 35 bids in total.

Too rich for my blood; especially considering the house looks like it may come with an 85 year old occupant.

Title: Re: Peel Results
Post by: shah on May 05, 2011, 04:22:24 PM

Thanks for the info. Makes no sense to buy it close to assessed value. Considering Legal fees for Eviction, HST and LTT it seems to be a bad buy !

Title: Re: Peel Results
Post by: PG on May 05, 2011, 06:43:07 PM

I concur. The MPAC assessed value was $398,000.

Although two places were listed on the street for $500,000 and $550,000,  I do not know what they sold for.

I certainly hope it works out for the buyer, but the risk of the unknown was too great of a wager for me.

Title: Re: Peel Results
Post by: Les Pisrael on May 06, 2011, 05:49:47 PM

City of Mississauga is heartless--85 yearold lady out the door--Hazel the witch is a monster.
Few years ago,the interest penilty was 3 1/2 5 fixed by legislation. This bagof****,started a push for higher interest rates and on the bases that interest rates for loans were 8-10%,why should owners not pay taxes and in stead invest the tax oweing. Well,Ontario changed the interest rates--get this, now that interest rates are lower,the witch is not demanding to lower them


 On the first day of default--the city whacks a 1 1/2% charge and there after each month 1 1/2% COMPOUNDED on the added interest example owe $5000 x .015=$75  next month $5075 x.015=$5075 +76.13=$ $5151.13--after 3 years..... god help this poor old lady--not  Witch Hazel :^/