Ontario Tax Sale Property Forum

Tax Sale Forum => Questions and Answers => Topic started by: Sasha on January 22, 2008, 05:01:45 PM

Title: What happens if the next of kin comes up the money
Post by: Sasha on January 22, 2008, 05:01:45 PM

What if a person purchases a property on tax sale, pays everything, including GST within 14 days as required and 1 month or 2 months later, the next of kin shows up with the money.  Lets assume the property belonged to a deceased person who left the property to his/her adult child that now lives in another province.  The adult child is unaware the property is in arrears, notices were sent to the home on tax sale where this person did not live.  How long does the previous owner have after the sale to pay the amount in arrears?

Sasha

Title: Re: What happens if the next of kin comes up the money
Post by: Rob on January 22, 2008, 06:47:27 PM

They would have until the deed is registered.  So once the person pays all of the fees and the city registers the deed the transaction is complete and the person cannot come back in Ontario.  In certain states they might have a period of 1 year or more to redeem the property.

Title: Re: What happens if the next of kin comes up the money
Post by: Pfm1011 on January 23, 2008, 10:36:24 AM

It takes about two weeks to be registered, after that , you are the outright owner.  I believe BC has one  year to redeem after purchase , not sure in Alberta