Ontario Tax Sale Property Forum

Tax Sale Forum => Member Experiences => Topic started by: worldjohn on October 03, 2009, 12:40:18 AM

Title: Talking to the Owner
Post by: worldjohn on October 03, 2009, 12:40:18 AM
While I was looking for partners for the Northern bruce Bid a man contacted me to join in my bid.  I was quite suprised to hear that he had contacted the owners and tried to buy it off them.  He couldnt in this case because there were just too many.  I was more surprised to hear that researching who the owner is and talking to them is his main strategy.  He does it for every tax sale he can. I tried telling him why thats generally not a good idea but he has successfully purchased two properties using this method.  He lurks here but doesnt post. anyone care to comment as Im sure he will read this post
Title: Re: Talking to the Owner or Scumbag moves by morons
Post by: Pfm1011 on October 03, 2009, 01:14:24 PM
well he is a dick head plain and simple..he may claim to have won two but has screwed more deals then you can count..Its jackasses like him that kill deals like bobcaygeon.   Why in the world would an owner sell you land cheap instead of just paying that tax bill then MLSing the land , The tax bills are usually pennies on the dollar  .

You may want to rethink your strategy Worldjohn,,all I hear is you are sharing info with people who A: bid without you or B: end run all tax sale buyers and has screwed sh*t loads of deals and bought two pieces just below market..of course he wont end run you as you are different..give your head a shake

Too many owners of shouldice?? If thats what he told you he was stroking you..owner is quite dead unless he lived to be 120 years old. Thats why that piece didnt redeem..morons like him couldnt screw it up with their retarded plan to screw us all.  ONLY COMPLETE MORONS TALK TO THE OWNER


You cant get your head around this. you clearly are too trusting of people..write this one your mirror and read it every day..

..WE ARE ALL COMPETITION..
and add

 THERE IS ONLY TWO TYPES OF PARTNER..ONES THAT HAVE SCREWED YOU...AND ONES THAT ARE GOING TO SCREW YOU

then write..

NEVER TALK TO THE OWNER.  


Just so I understand,,you call people idiots for beating you at bids but talk to a scumbag who end runs , screws deals and pays retail ??
Title: Re: Talking to the Owner
Post by: worldjohn on October 03, 2009, 06:57:05 PM
I wrote this post to inform people that there is someone out there who is talking to the owners.    I wouldnt have found that out had I not talked to him. I did not pursue a partnership with him for a lot reasons. 
There were many owners for shouldice lake.  The original owner died and left to all his descendants equally and they are spread out  over North America and dont get along, hence them not being able to get together to pay the taxes.
Thanks for your condescending helpfull hints, but they're unnecessary, especially the one about not talking to owners.

The fellow who talks to owners goes by "Domino" 
As you stated so clearly WE ARE ALL IN COMPETITION, so why should he care if he screws everyone else over .  Can someone explain  to Domino why its in his best interest not to talk to owners.
People like him (and the overbidders of course) are wrecking the tax sale game for everyone.
Im contemplating posting his email address so people can write him directly and express their views.
Title: Re: Talking to the Owner
Post by: Pfm1011 on October 03, 2009, 10:31:27 PM
Domino..how applicable..any deal he touches,falls over.. and that's just his lastest name..we blew him out of here about a year ago under another name.

Now I will tell you the story of shouldice is a fantasy , if its true, the man is not only a douche..but an absolute moron as well but that is another matter

Now why he should not continue to  be a Uberdouche? ...simple ...greed and money .. we make more money on working together on tax sales then trying to screw everybody by end running  

Lets presume this clown has done two deals in say two years and I'm being generous as I'm sure its been longer because Im sure most owners give him the big F*ck Off then go redeem..  Now in order to do a deal with the owner you would probably, at best , get the property at a 20% discount off retail..In the mean time he has screwed up multiple deals where he could have made more by simply bidding..but that just guessing..let do facts..

In the two year where the genius douchebag has screwed up all these deals in order to make a lousy 20 points.. Us regulars have worked together (as enemies) and played an honest and level game while helping each other out. We give each other advice, we warn of bad deals , we exchange information and WE DONT TALK TO THE OWNER

Now in this two year period I have won 6 properties at a average of 34 cents on the dollar.   Dave has won several , don't know his average return but the island helped , Many others have won a few each  and of course bigfoot has probably won more then 20  he doesn't post. ( although he may) but he doesn't end run like a scummy little douchbag)

Anyone wishes to pipe up you can give us how many and at what discount. Maybe the moron will see the light ( No dollars just ROI)

So essentially the members who work together and share info and DONT TALK TO OWNERS make more deals  at greater profits then scumbag lurkers who think they are smart by trying to endrun everyone but are infact just moron douchebags who screw up deals for everyone including themselves.

If the moron can actually contain his sleaziness for one year..he will see substantially more profits for himself and others..

"You can run down and screw one..or walk down and screw them all"



Don't worry he isn't the first clown to try it and he wont be the last..sleaziness and stupidity seem to run hand in hand

PS

Sorry missed calling him a cockroach so I will just add it here....friggin cockroach





Title: Re: Talking to the Owner
Post by: twinn1 on October 04, 2009, 01:37:26 AM
WHAT THE F***

I can understand this fools game plan as in his mind, worst case is that if he does'nt do the deal, it gets redeemed.  If he can;t play then no one else will.  BUT, if the properties get redeemed it means he never plays and therefore never wins!

Reasons you do not talk to the owner:
1. It WILL redeem 99.9% of the time.  If the owner is abscent and the township has inadequate mailing records etc.. then he just shot himeself in the foot.  And all of us as well.

2. Everybody here assumes that the owner;s are either broke, dumb hillbillies etc... the majority of good properties are redeemed, if not they are mostly junk land with vaule to adjoining owners.

3. If the owners were that desperate for cash, they would have sold the property by now, any fool can call an real estate agent.

4.  Even if the owner was going to let it go to tax sale as he has no use for the land, he will now redeem it because the said douche(s) have implied that it has value.  Why would the owner not just redeem it and list on MLS. 

I assume that this douche is not alone, there are probely a few people that use this stragedy that lurk on here, all thinking they are smarter then everyone else.   Total fools.  I really can;t understand that stragedy, its just so stupid, I can;t comprehend how people can be so dumb.

Simple math.
Fool has "won" two properties with this stragedy over an unspecieifed time frame.  Now, if he would have just bid on ALL of the properties he caused to be redeemed, his chances would much greater at winning more bids.  Sure, he might not have won at all or maybe won 10, guess the fool will never know.



Title: Re: Talking to the Owner
Post by: markymark on October 04, 2009, 05:43:52 AM
don't talk to the owner.
don't talk to the neighbour.
don't park in the driveway to look around.
Enough said?again and again and again.
You can do this after you own it ,or NEVER own it.
Title: Re: Talking to the Owner..DOUCHEBAG MOVES 101
Post by: Pfm1011 on October 04, 2009, 01:51:07 PM
Although it may be difficult as  this doesn't involve being a sleazebag..a substantially more profitable way to proceed would be to fight the urge to be a sleazebag cockroach and actually bid like everybody else..now you will have a chance to actually win the piece at a good price because the owner didn't redeem as you didn't actually call him...

Now if you don't win the bid, you can immediately offer to buy the winners position for the 20 to 25 off retail that you would have had to pay the owner ( if he hadn't told you to "f*ck off vulture" then hung up and redeemed)

Now most winners will sell their position in a minute for a good profit as they haven't had to put heavy money in yet, the property isn't in their name and wont be, they haven't had to list it with a real estate agent. ( which means the winner reduces his douchebag exposure additionally the exposure is reduced as no lawyer is involved"  

I think all of us will take a reduction in price if we only have to deal with one douchebag  ( you ) versus three ( you since we have been exposed to you by the refused offer, then a realtor, then a lawyer) This doesn't allow for the heavy ( near terminal ) douchebag exposure that could occur if a couple of you scumbags bid..

So worse case you still get the property at  25% off and everybody wins, Best of all it involves no scuminess ( OK you can steal the pen after the deal and maybe make the seller pay for the lunch using the I forgot my wallet story, )

Now I do understand that this is a difficult move as there is no douchiness involved. It will help to get a mentor and go to the meetings ( check your area but they are usually Monday nights)  it will get easier as time goes on but remember " you are always a douchebag, just  a recovering douchebag"

" Hi my name is Domino and I am  douchebag"

" Hi Domino"

"Its been three weeks since I did anything sleazy..well last night I fell off the wagon"

"Oh Domino"

" I was at a restaurant and the waitresses tip had fallen on the seat, I couldn't help myself and I stole it, I know is was a slimebag move,but I didn't care that the waitress was a single mom..I just needed the rush of being douche"

sigh from the other members

" I couldn't help myself, it was the same rush I got when I stole from all the lockers in gym class in grade nine, the power , the I'm smarter then everyone feeling"

Mentor    " dammit domino..less then 3 months ago you were bin diving at amity boxes,  Oh wait..I'm sorry , you have done so much better , I forget just a year ago you were collecting money for cancer and keeping it.."



You get the idea...And yes Domino you can continue to suck your friends into Amway if you need your fix of being a scumbag. You could always start a pidgeon breeding..oh wait thats been done.... emeralds..damn..

Title: Re: Talking to the Owner
Post by: Frank on October 04, 2009, 05:44:55 PM
Too funny...but true

I recently responded to an add on Kijiji...selling a mini Kubota tractor with all kinds of attachments...four years old and with low hours, probably worth at least $25k....asking price $5k.   Vendor wrote me back stating that if I sent moeny through this secure mechanism, the goods would be shipped, insured, and I would get them in three days, with 14 days to decide if I really wanted them.   Of course it's a scam..you send the money, and get nothing...money goes to Nigeria, or perhaps Dunnville.  Anyways, I could have sworn the guy went by the code name 'Domino"...the add was pulled by Kijiji within two hours, and warnings placed on their sites.

Title: Re: Talking to the Owner
Post by: BandD on October 04, 2009, 06:43:41 PM
Hi! I don't do a lot of posts,but had to respond to this one.I have yet to win one  and by the sounds of it may have to wait a long time for it to happen! I don't have a lot of cash "to work with".Question is are there a lot of this type(ruining it for us all) or not? >:( Thank you ;D
Title: Re: Talking to the Owner
Post by: worldjohn on October 04, 2009, 08:28:33 PM
I would safely assume there is usually at least one person doing this.  I know  "domino" is reading this (hence my extra bad karma)
So domino or any others who talk to owners, Why dont you grow a set of balls and post a reply rationalizing what u do.
Title: Re: Talking to the Owner
Post by: domino on October 05, 2009, 02:14:14 AM
Wow after reading all of this I'm shock at how fast people assume or convict someone with just the words of one.
This is how Jesus must have felt , I'm by no means a religious person but wow what I just read is a shame.
Title: Re: Talking to the Owner
Post by: netpred on October 05, 2009, 11:55:43 AM
Wow after reading all of this I'm shock at how fast people assume or convict someone with just the words of one.
This is how Jesus must have felt , I'm by no means a religious person but wow what I just read is a shame.

Yes, there were some nasty things said about you (or another Domino). I think that most comments are geared towards someone who has a strategy of contacting the owner hence spoiling it for everyone else.

Is there another side to this story that has not yet been told? If so, I would like to hear it.
Title: Re: Talking to the Owner
Post by: Pfm1011 on October 05, 2009, 12:18:07 PM
"Wow after reading all of this I'm shock at how fast people assume or convict someone with just the words of one.
This is how Jesus must have felt , I'm by no means a religious person but wow what I just read is a shame"



Comparing yourself to Jesus... that is so far beyond mega douchebag , I'm betting you thought in your  douchebag  mind  this would lead to sympathy at a deep rooted level...Im betting people are aiming more at Crucifixion then sympathy ..


but I could be entirely wrong...and this is a public board..please do enlighten us (meanwhile someone round  up a few old roman costumes and a some  railroad ties)


Maybe we are just mean people and we have wronged you, tell us about yourself..


For business discussion lets at least use real world scenario

Tell us about how you handled Bobcaygeon, Date you finally got in contact with the owner, what offer you made him..his response.

Please do justify why one member of this forum isnt clearing land at their new cottage because the owner redeemed late in the day..








Title: Re: Talking to the Owner
Post by: domino on October 05, 2009, 03:53:28 PM
As for Bobcaygeon Not me?
I have been dabling with tax sales for about 4 yrs  more or less watching and I have lost many bids and the top bids 80% of the time have been realestate companies..... So the ONE time during an interesting tax sale I did , do a further investigation and found the owner to be passed on and living in the states only to leave the property to his grandchildren who at that time were in there 50's and have never been too Canada there for were not interested at the time. So yes I did contact the owner and no I'm not a douchebag just a person trying to get ahead in life .
I am bye no means rich or wealthy but I'm trying to get buy so I like investing what littel monies I have in property.
Title: Re: Talking to the Owner
Post by: worldjohn on October 05, 2009, 05:45:57 PM
Well you earned some respect for having the balls to post a reply.
But you did tell me talking to the owners is what u ususally do. heres the quote from our msn
"thats why i always try to get a hold of the family before the sale"
You didnt understand why it wasnt a good idea and I guess I didnt explain it that well.  But after reading all this Do u finally understand that talking to the owners is in no ones best interest?
Will you stop doing it?
Or do you need the others to explain it further to you?
Title: Re: Talking to the Owner
Post by: domino on October 05, 2009, 06:05:55 PM
Well Thanx  , I was hopping to make some friends here and not be shunned so quickly ... I do have avenues to get information ( working for the municipal gov and all ) Hence saying that I'm sure this group may have somemore negativity towards me  "it is what it is"
Title: Re: Talking to the Owner
Post by: domino on October 05, 2009, 06:10:27 PM
Ultimatly I'm looking for a small piece to call my own that i can build a small cottage on with in 3 hrs away and if I have to invest in a few to flip that is what I will do. If you rather me not be on this site say so
Title: Re: Talking to the Owner
Post by: Prospector on October 05, 2009, 06:41:28 PM
No one is here tellin gyou to go away, what they are telling you is that there is a better way to do business. You are hearing some harsh words, but its better to hear them, realize there is a better way to go about this and change, than to not hear it and never get your piece of heaven because the deals keep falling apart.

Working for municipal gov't only means you can get info in your muni. My wife works for muni-gov't. I hire consultants all the time. Really if folks on here need info, we don't need to go far to find it. Most of us have a pretty strong network for finding stuff out. The backstory on the properties is what most of us are hunting hard for and I doubt you would have that. Anyone can get a tax role/legal desc./etc. If you actually have the story of why Larry who lives in the middle of BFE let his tract go and stopped paying taxes, I would be impressed. Even more-so if you could find out what was in those barrels dated 1953, whether there's corn in the silo, and if the foundation has a proper footing under the garage. I doubt you would know any of that unless Larry lived in your town. Which means maybe 1 sale per year.

Contacting the owners is bad on a lot of fronts. I assume you are working on your own and you're new to this. So are a lot of other folks out there. You were just educated by the people you cost a pile of cash to. Of course they're unhappy. You tried something, it failed. Move on to something else.

Whatever your next idea is, remember, those RE companies will always be there and will always have the upper hand. Deep pockets do that. Partnerships aren't the way to beat them. Refine your bidding strategy.

Oh and by the way, being 80% right is as good as being dead wrong. There is only one winner at each auction. Almost should not be in your vocabulary. An almost winner is still a loser.
Title: Re: Talking to the Owner
Post by: Dave2 on October 05, 2009, 11:14:38 PM
Ultimatly I'm looking for a small piece to call my own that i can build a small cottage on with in 3 hrs away and if I have to invest in a few to flip that is what I will do. If you rather me not be on this site say so

Domino:  I don't think anyone is saying don't be on the site; but only consider your strategy carefully.  Most of us including myself personally have done a lot of work on a particular piece of property only to see it redeemed at the last moment.   If you want to get a small piece of property you can be really proud of I suggest; "Mum's the word until the deed is registered in your name" Then you can crow.

The problem with contacting the owner is that more often then not it ruins it for everyone else if the property is really worth it.  Personally I think the only owner someone should be allowed to contact is the one 6 feet underground in a pine box.  On the other hand if you have those type of powers I want to retain you as a consultant to tell me what to bid.   

Dave2
Title: Re: Talking to the Owner
Post by: 26.2 on October 06, 2009, 12:22:15 AM
Quote
Well Thanx  , I was hopping to make some friends here and not be shunned so quickly .

Hey Domino
Hang in there and thanks for posting.  I myself made mistakes when I first got involved with tax sales. [I talked to neighbours, I tried to be discrete but everyone seem to know about everything and that it would be redeemed, which it was much to my chagrin.]  However I make sure I never again get into that situation where what I am doing is compromised.
I strongly suggest you adopt our practices for tax sales research which is more enjoyable and more rewarding.
We are all competing but it is a lot healthier when we are competing on the same field.
Cheers
Title: Re: Talking to the Owner
Post by: Pfm1011 on October 06, 2009, 12:32:22 AM
wow ... jesus and a civil servant..isnt that convenient
 
 I already had the purple robe, the thorns and the railway ties delived to  Golgotha . ( plus lawn chairs, bbq  and a cooler of beer).
....damn shame to waste all the effort   ;D
Title: Re: Talking to the Owner
Post by: baglady on October 26, 2009, 09:17:05 PM
I am new to this site so forgive me if I am asking dumb questions.  I am a quick learner so shouldn't be a pain in the butt for long.  Regarding talking to the owner...I haven't done this, however, if you read the Robert Kyosoki investment and Robert Allen books regarding real estate investing,  that is exactly what they tell you to do.  So, although I am not defending Domino, I can see why he thought this was a good idea.  I can honestly say that it never occurred to me that by asking questions directly to the owner that I could "queer" the deal but after reading all of the posts, I now understand why that could be a problem.

One poster said not to park in the driveway, don't talk to the neighbours and above all, don't talk to the owner.  What are you supposed to do?  Buy a property blind?  Where do you go to get the information you need? I cannot afford to have a title search done on every tax sale that appeals to me only to be outbid or have the sale canceled the day before sale date. I have lost my pension and most of what I had in the stock market so if I don't do something for my retirement, I will be living in a cardboard box under a bridge somewhere.

Please spare me any sarcasm and just give me the facts.  I am probably old enough to be your grandmother and would appreciate being addressed as you would your grandmother. 

Title: Re: Talking to the Owner
Post by: netpred on October 26, 2009, 09:40:24 PM
Hi:

I guess you can do what you wish. However, most people here are of the view that you will ruin more sales if you speak to the owner than you will win if you keep quiet.

As for searches and information, it seems odd that you want as much information about a property yet don't want to spend money on a search. The owner nor anyone else will probably be an accurate source for information that a property search will reveal. I know some people don't conduct searches on every property and in most cases the properties are fine. But if there is a problem, i.e, Crown lien, you are absolutely s.o.l. if you have not done a title search and excution search. There is a cost to play this game properly, and your bid should reflect that cost. You won't will all of the time, but when you do you should not be paying anywhere near retail. You must, essentially, build the cost of your searches, as well as bank charges, couriers, gas etc into the amount you bid.

Good luck and hope you are not a former Nortel employee or your pension may be worth even less than you think.
Title: Re: Talking to the Owner
Post by: Prospector on October 26, 2009, 10:41:32 PM
Baglady,

Why are you buying and what are your goals here? If you are looking to recoup losses from stocks, then you are trying to flip. If you are trying to flip, you don't care what colour the linoleum is or if there are holes in the walls. On your bid assume you are buying a rental property with an absentee landlord. Expect to be replacing wallboard, expect to be doing some repairs to make the property sale-able.

If you are buying vacant land, you should be able to figure out its condition pretty quick by talking ot the town. As much as we hate the folks in some municipalities, some will give a wealth of information. If its a toxic waste dump, they will usually let you know. If they are mum about it, get suspicious. If they don't know anything, they will say that too.

Do a drive by. Take photos. Go to the land registry and ask to see records.

At the end of the day the answer is that you will be going in "mostly blind," compared to buying with an agent. If you are used to this game, you will be going in with enough information to make an investing decision. If you need to know the colour of the carpets, this is the wrong game for you. Expect dog crap and holes in the carpets.
Title: Re: Talking to the Owner
Post by: Pfm1011 on October 27, 2009, 12:47:34 AM
I am new to this site so forgive me if I am asking dumb questions.  I am a quick learner so shouldn't be a pain in the butt for long.  Regarding talking to the owner...I haven't done this, however, if you read the Robert Kyosoki investment and Robert Allen books regarding real estate investing,  

The first thing to keep in mind is that ALL   these investment guru's are scammers. They come and go like the wind and usually go bankrupt  ( tom voo, ed Beckley  etc )and then there is ten more scammers lining up to take their place.  If they made so much off real estate they would be too busy and way too rich to write books

This is  another scammer flogging books  but he does have interesting things to say , But at the end of the day they are all cockroaches

http://www.johntreed.com/Reedgururating.html# (http://www.johntreed.com/Reedgururating.html#)

Here is his Robert Allen


My book How to Buy Real Estate for Little or No Money Down photographically reproduces documents from his famous ?Send me to any city? nothing-down deals. The L.A. Times accepted his ?challenge? and made him do them in San Francisco which is near where I live. I went there and got all the documents on each of the seven deals. Some were also done in the county where I live.

On one, which was apparently typical, the documents seem to show that Allen lied to the first-mortgage lender?Bank of America?about whether there was any secondary financing (there was?a seller mortgage) and about his intention to occupy the San Francisco condo as his principal residence (He lived in Provo, UT at the time and never occupied the SF unit). At that time, June, 1981, when home mortgage interest rates were at 18%, Bank of America would only make loans to owner occupants and prohibited all secondary financing. I have their loan policy for the date in question in the book, too. My wife was a loan officer for Bank of America at the time. [Note to bogus gurus: do not brag about deals that you do not want me to look into?especially in the San Francisco area. John T. Reed].

There is one secret to making money in no money down real estate..     You cant.... all no money down deals are scams so don't spend any more money on them

peoples hero's like Donald Trump started with over 20 million 1968 dollars  ( that's not a silver spoon, that's a Diamond encrusted gold and Platinum spoon)   and has gone bankrupt 3 times..The clown wouldn't be making an ass of himself on TV if he didn't need the press for his games to work

Trump book "Trump Never Give Up: How I Turned My Biggest Challenges into Success (2008)"

   "On 17 February 2009 Trump Entertainment Resorts filed for Chapter 11 Bankruptcy, Mr Trump having stated on February 13 that he would resign from the board"


Now this tax sale game can be very dangerous also and is far from a sure thing.. I don't recommend it to anyone who cant afford to lose the coin.  The average bid cost several hundred dollars and you will lose 5 to 10 before you hit . So you can have 2 or 3 thousand tied up in soft costs.

You can reduce costs by not doing title searches until two days prior to the sale ( most redeem by that time but no guarantee) but unfortunately you cant eliminate the costs. To do so is just financial suicide.

Also like any investment..practice.. take a few properties over the next couple months, and do all the research you can for free , make up a bid and record it all.. then watch what happens. It will show you if you would win or lose and help you fine tune your bids prior to actually putting out real money..and don't worry , you will miss a deal or two but there is always more coming down the pipe...

 
 "If its a toxic waste dump, they will usually let you know."  Some do and some dont, just last year we had someone on here have to walk from a 5K+ deposit after she had found out the site was toxic after she on the bid but before she made final payment..Lucky for her she felt something wasnt right and asked the members on here for help checking out the property.. an expensive lesson but huge bullet dodged ( more of a 16 inch artillery shell dodged then a bullet ) The town had both the first and second walk ..minor detail the lovely house was actually a former chemical factory and the town was fully aware  of that fact for several years







Title: Re: Talking to the Owner
Post by: baglady on October 27, 2009, 06:58:10 PM
Thanks to all for the information.  I see I have a lot to learn and I will definitely take the advice that was offered.  I have one question about the soft costs though.  Once I have done my due diligence and have put down my deposit and lose the bid, I get my deposit back don't I?   Wouldn't I just be out of pocket for the title searches and my time and gas?

Also, regarding title searches, is there any way of doing them on line so I don't have to drive all over the country?  One last question, I have noticed on the Gazette that there are tax sales in different locations on the same day and I can't be in two places at once.  Is there a method of dealing with this or must I do the obvious and hire someone to go in my place?

This is a great site.  I hope to become a contributor at some point rather than a recipient.
Title: Re: Talking to the Owner
Post by: bobs on October 27, 2009, 07:50:23 PM


I'll take a crack at answering this.  Please, if I make a mistake some of you more experienced people correct me.

The deposits will all be given back to the unsuccessful bidders that are present immidiately after the sale.  Those not in attendance, the deposit will be mailed.  The first and second bidder's deposit will be kept for a period of fourteen days.  The first bidder has this time to come up with the balance.  If he does not the deposit is forfieted to the township and the property goes to the second bidder and he then has fourteen days to come up with the balance.  If he does not, his deposit is also forfieted to the township.  If neither person pays the balance there will be declared no successful purchaser.

This all said, I did have an experience where I was niether the 1 or 2 bidder and the township kept all deposits for 30 days.  This is completly against the Municipal Act but what do you do?  If you get a lawyer onto it you have already received your deposit before he can do anything.

Title searches can be done through ontariotaxsales.ca at a very high cost.  I have found that if you have the time and the gas money is less, then you get an interesting drive out of it if you go to the Land Registry office yourself.  That is as long as your are not travelling to Mossenee.

There is no requirement to be at the township office yourself.  Just as long as your bid is present.  You can mail it.

My best advice is go online and print out a copy of the Municipal Act, the part that deals with tax sales.  It is pretty dry and has alot of legal terms but if you do not understand this document word for word you could get yourself into alot of trouble.

Hope this helps.
Title: Re: Talking to the Owner
Post by: Pfm1011 on October 27, 2009, 11:59:35 PM

Title searches can be done through ontariotaxsales.ca at a very high cost.  I have found that if you have the time and the gas money is less, then you get an interesting drive out of it if you go to the Land Registry office yourself. 

This can be the case but you better know what everything means and what will survive and not survive the taxsale. I still use Ontariotaxsales as I find their packages very complete and for 100 to 150 a bargain (factoring time etc)   This includes deeds and surveys if available

Again wait till the 11th hour before you spend the money.  Be warned that no title search will tell you about toxic waste , tire dumps, former grow ops etc etc
Title: real estate guru's for Baglady..gee something smells funny
Post by: Pfm1011 on November 01, 2009, 03:10:43 PM
Baglady ( and many others)

Tom Karadza & Nick Karadza

Here is your typical get rich quick operation. These clowns operate out of Oakville and here is just some of their sites I have found..They are "so successful " that they actually have to have their websites made in India as they cant afford a programmer on staff or even to hire a Canadian

www.canadianrealestatetraining.com

www.therealestaterenegades.com

www.renegaderealestateblog.com

www.incomeforlifeapplication.com

www.canadianrealestatesecrets.com

www.yourrockstarlife.com/

www.realestatepainfree.com

www.incomeforlifecanada.com

www.iflcanada.com/

http://www.rockstarbrokerage.com/

www.RTOCanada.com

They have get rich quick and no money down books etc. So apparently they are successful..lets look into this .

Karadza Publishing Inc.
1011 Upper Middle Road East, Suite 1467
Oakville, Ontario, L6H 7N7
Toll-free: 416-848-6293 (that's not oakville or Burlington)

Oh wait check the address..

Phoenix Genesis Investments Inc.
Telephone      905.372.2344
Fax                  905.372.3860
Postal address
Suite 1467,1011 Upper Middle Rd. East, Oakville Ontario, Canada, L6H 5 Z9 ( laurel clarry) Not same people

Address is starting to smell like a PO Box at the hasty mart on upper middle

Oh wait Rock star they have a Burlington address also


Karadza Publishing Inc. 3310 South Service Road #300 , Oakville, Ontario, L7N 3M6 (

 postal is Burlington,not oakville, these scammers don't even know their own address)

amazingly this charity has the same address and phone number but different peoples names)

Chain of Action? ( chainofaction.com)
3310 South Service Road East
Suite #300 Burlington Ontario, L7N 3M6
Tel: 416-848-6293 extension 204
Fax: 416-981-7998
  

oh wait theres more

The Coffee Office Address 3310 South Service Road, Suite 300
Burlington, Ontario L7N3M6


and more

Redchair Branding 3310 South Service Rd. Suite 300 Burlington, Ontario L7N 3M6

and more..but wait why is this guy using India if he has a webdesigner..?

Tricorp Technologies 416 238 7928
3310 south service road, suite 300, Burlington

Internet Solutions Developer specializing in transforming business process through automation and ecommerce using internet development applications


But wait :

Rock Star Real Estate Inc.3310 South Service Road, Suite #300
Burlington, Ontario L7N 3M6

but this site says:

Karadza Publishing Inc. 3310 South Service Road #300 , Oakville, Ontario, L7N 3M6 Rock Star Real Estate Inc. (our brokerage) is located at a different address, click here for details.
 ( click to a 404 page not found.)   So they have a real estate brokerage at that address but not at that address  
This is like nailing jello to the wall..I would be guessing that you might want to question these guys plans


Amazingly neither of these guys owns a house in Halton, Peel , Hamilton or Toronto. One owned a 390 K one a block from the PO Box on upper middle ( a cheap house in Oakville and surely not befitting a real estate guru) but looks like the wife has that now.. So real estate gurus with no principle residence..hmmmm even the most clueless real estate investor keeps one in their name for the capital gains exemption


This is two of the great gurus and I somehow suspect , not a pot to P*ss in or window to throw it out of

Oh yeah..search the MLS and they have no properties listed from their brokerage... ( which is located at 3310 south service..oh wait its not there..oh wait it is there..no its not..yes it is..etc etc) so with all their flipping , renting and get rich quick..no listings???

One might tend to be suspicious of the books and claims



Title: Re: Talking to the Owner
Post by: logon9 on November 02, 2009, 03:56:45 AM
You should open your own PI firm PFM:). BTW, if you have PFM for your plate, I've seen your car near my office.

Thanks for the heads up on the GIS thing, I found the Tay one very informative. Couldn't find the Georgina GIS.

A question on Tay: how is it that all the other cottages sitting at 176 could build while we couldn't?
A question on Georgina: Is the abandoned nursing home too good to be true?

Questions are directed at the board in general, not just PFM.

Sorry about hijacking the thread; in my defence, it seems to have already been hijacked.
Title: Re: Talking to the Owner
Post by: Pfm1011 on November 02, 2009, 10:48:53 AM
Couldn't find the Georgina GIS.

A question on Tay: how is it that all the other cottages sitting at 176 could build while we couldn't?
A question on Georgina: Is the abandoned nursing home too good to be true?


The Geogina maps are here http://georginamaps.ca/ (http://georginamaps.ca/)

The other properties were built years ago before they enforced the flood plain rules,

Is the nursing home too good to be true??? well who knows, thats for you to research and figure out. If it is a super good deal..you might want to keep it to yourself . Just posting your question gets people to look at it again..
Title: Re: Talking to the Owner
Post by: Prospector on November 02, 2009, 03:11:37 PM
Respectfully PFM... A better source for Georgina mapping is the Region of york interactive mapping website, where for free - you can get property lines, development zoning, and built-up area designations.

Its at http://maps.york.ca/imf/imf.jsp?site=cpRegStruct

Be careful when bidding in Georgina. A very strong 'Old boys Network' exists up there, and firsthand experience says the fight to win your auction will only be the first of a series of fights once you own land. Als beware that buildable land is generally not stable if you are below glenwoods Ave and between Queensway and the bay. Had properties with mold, foundation shifts, and drainage issues due to the high water table, and the town's inability to clean out ditches (there's this thing called a backhoe...). If you are looking for something to flip, it might work, if you are thinking long term rental or new construction, you could have a load of hassles. They have been trying to get land to stop moving so they can build a Wal-Mart up there for about 5 years. So far no luck. Try Googling "Mount Grossi" for another great tale of engineering failure.

Having said that, well drained, high land away from the lake can be a bargain up that way if you are willing to deal with local politics and Lake Simcoe Cons. Agency.

BTW - Ravenshoe Road has been redeemed, I may attend this opening for kicks. Maybe drinks afterwards anyone?
Title: Re: Talking to the Owner
Post by: Pfm1011 on November 03, 2009, 02:17:41 AM
Respectfully PFM... A better source for Georgina mapping is the Region of york interactive mapping website, where for free - you can get property lines, development zoning, and built-up area designations.

Its at http://maps.york.ca/imf/imf.jsp?site=cpRegStruct

Missed that one..thanks..added that to the favourites.. its so nice to see this at  more and more town/countys

Grossi..thats funny 3 million dollars for a hill made of "Free fill"
Title: Re: Talking to the Owner
Post by: Prospector on November 03, 2009, 03:04:29 PM
PFM,

The debaucle doesn't end there...

The "free" fill was frozen/waterlogged and as it dewaters/thaws it shifts. Now the hill has been declared unstable by the province and is strictly off-limits. No Grading equipment, no people, nothing is allowed near it until the soils settle out.

In order to help settle the soils, geotechs are putting together a dewatering program and compaction plan that may help it get needed approvals. Each of those plans/tests means more $$$$$$$$.

Meanwhile, back on the ranch...
The town has had to put up a steel fence to keep folks off the property for liability reasons. The fence was tendered at $30K. Due to whatever, the actual cost came in at $90K. Also in order to speed up the stabilization of the hill, dewatering equipment has been installed at the base of the hill ahead of the geotech's reports. The dewatering may or may not be helpin gth ehill get its approvals, no one knows how it was sized/installed/etc. and whether it is doing anything other than looking like the town is taking action. Every day the pumps are running it means more $$$$$$$ getting sucked down the pipes.

Of course, if the town admits they are in this over their heads, it means a loss of voter confidence, so... http://www.town.georgina.on.ca/PDF/the-hill.pdf They act like opening day is just around the corner. Crazy stuff.

BTW - if anyone is seriously interested in a lakefront resort in the area, I may have some info for you. PM me.