Ontario Tax Sale Property Forum

Tax Sale Forum => General => Topic started by: DruMc on October 17, 2007, 08:04:13 PM

Title: Payment of a Charge
Post by: DruMc on October 17, 2007, 08:04:13 PM

I did a title seach a while back and found there to be a CHARGE on the property.  This CHARGE was issued after the Municipality issued the TAX ARREARS CERT.

If I bid on this Tax Sale Property and am the sucessful purchaser, am I obligated to pay that $33,600 Charge or is it removed and I pay only my bid?

Thanks,

DRUMC

Title: Re: Payment of a Charge
Post by: Frank on October 18, 2007, 12:54:06 AM

Quote from: DruMc on October 17, 2007, 08:04:13 PM

I did a title seach a while back and found there to be a CHARGE on the property.  This CHARGE was issued after the Municipality issued the TAX ARREARS CERT.

If I bid on this Tax Sale Property and am the sucessful purchaser, am I obligated to pay that $33,600 Charge or is it removed and I pay only my bid?

Thanks,

DRUMC

Providing this is not a Crown lien it will be unenforcable, and you will not have to pay it.  Make sure that when you get the deed from the municipality, it shows that the property is yours free and clear (except for any Crown liens).  Following receipt of the tax deed you should do a follow-up search to ensure that nothing is present, and if it is go back to the Municipality and have them correct it.

Title: Re: Payment of a Charge
Post by: DruMc on October 18, 2007, 12:37:55 PM

Thanks Frank.  I hope you are right because I am going to place a bid.

DruMc

Title: Re: Payment of a Charge
Post by: speedfreeksteve on October 20, 2007, 02:14:52 PM

Crown liens are pretty rare from what I've been told. What kinds of things would bring about a crown lien on a property?

Title: Re: Payment of a Charge
Post by: Pfm1011 on October 22, 2007, 11:51:24 PM

crown lien..unpaid income tax for one and it wont show on a title search...You have to remember that noone is going to give up good land to taxes unless they are in deep sh*t or simply..dead with no estate

Title: Re: Payment of a Charge
Post by: DruMc on October 23, 2007, 12:39:37 PM

What do you mean it wont show on a title search?  How is one to find out if there is a crown lien on a property then?

DruMc

Title: Re: Payment of a Charge
Post by: ratster on October 24, 2007, 02:24:03 PM

You need a Sheriff Execution Certificate from local Sheriff office.