Ontario Tax Sale Property Forum

Tax Sale Forum => Member Experiences => Topic started by: Frank on March 11, 2012, 03:01:25 PM

Title: Joke of the Day
Post by: Frank on March 11, 2012, 03:01:25 PM
Civil Servants:

Do you know why Civil Servants don't look out their windows in the morning?....answer at the bottom.

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So I call up this fellow, who is listed in the tax sale information as the person to call for further information on the property. 

he answers the phone with a ' well you are the 69th person to call about this property and aske dumb questions'....'no I have not been out there, they don't let me out of the office'....'I don't really know anything about the property, so I really can't help you with it, you are the bidder and it is up to you to find out what you can'.

So, I'm calling him as he is the one listed on the property, and he knows squat...hasn't even taken the time to do a drive by.  He is in charge and can't tell me if the buildings on the property are legal, and what their legal uses might be (he's also the planner).....buddy, get a life.   Oh, and he completely didn't know what the hell I was talking about with respect to road allowances.

When I did that job, I had the information you were looking for, and I didn't sluff you off.  Your name is on the ad as THE PERSON to call. 
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Answer...Cause they wouldn't have anything to do in the afternoon.   8)
Title: Re: Joke of the Day
Post by: Frank on March 11, 2012, 03:02:50 PM
ps.

I'm not saying that all Civil Servants are inept....but this one sure was.
Title: Re: Joke of the Day - Expanded to Interesting Tax Sale Experiences
Post by: Dave2 on March 11, 2012, 09:13:17 PM
Civil Servants:

Answer...Cause they wouldn't have anything to do in the afternoon.   8)

Lately I have found the ones I have dealt with very helpful like for G2020's Huntcamp that unfortunately redeemed, (Still unhappy I finally didn't get a chance to compete against PFM),  but my problem is the challenges you face when someone makes an honest mistake.  Here is the thread from a couple of years ago.

 http://taxsaleproperty.org/forum/index.php?PHPSESSID=ddbdee0f421d2a9dbcdc1788e9e35a83&topic=1063.msg5098#msg5098
Title: Re: Joke of the Day
Post by: Pfm1011 on March 13, 2012, 08:38:47 PM

he answers the phone with a ' well you are the 69th person to call about this property and aske dumb questions'....'no I have not been out there, they don't let me out of the office'....'I don't really know anything about the property, so I really can't help you with it, you are the bidder and it is up to you to find out what you can'.

I have always been lucky with civil servants but I only bug them when I have completed all the research possible ..and never ask them questions that they cannot legally answer..


I can only guess how stupid the questions he is getting re: sandy bay   are.   I  would not want to be fielding the calls from the masses as most people really cant grasp that the staff can tell us very little except for specific legal facts ..NOT opinions , not interpretations , not guesses, not valuations etc  etc



Frank as an ex civil servant I am sure you can appreciate the amount of stupid questions you can get..and how people will do no research, simply call staff

Of course most of these are people who will bid the min ..It appears my guess of 87 tenders may be low'

that said ..he shouldnt have put his name on the form if he was going to be an idiot.. have to love employees who cant be fired
Title: Re: Joke of the Day
Post by: Frank on March 14, 2012, 12:38:52 AM
I can assure you that my questions are to the point, and not at all stupid.  I am fully aware of their limitations, but they should be able to tell you if it is a seasonal or year round road; if the shore road allowance is still there; and that they can and must provide you with a copy of the stat dec. 

They did finally fire the dim-wit in Nobel.   It only took them six years and two tangos with me to do it. 8)

I'm sure he is getting a lot of dumb calls......that is the nature of the business, get used to it or get out.  One doesn't have to start a conversation with an attitude like that. 

I have always been lucky with civil servants but I only bug them when I have completed all the research possible ..and never ask them questions that they cannot legally answer..


I can only guess how stupid the questions he is getting re: sandy bay   are.   I  would not want to be fielding the calls from the masses as most people really cant grasp that the staff can tell us very little except for specific legal facts ..NOT opinions , not interpretations , not guesses, not valuations etc  etc



Frank as an ex civil servant I am sure you can appreciate the amount of stupid questions you can get..and how people will do no research, simply call staff

Of course most of these are people who will bid the min ..It appears my guess of 87 tenders may be low'

that said ..he shouldnt have put his name on the form if he was going to be an idiot.. have to love employees who cant be fired
Title: Re: Joke of the Day
Post by: Pfm1011 on March 15, 2012, 12:57:13 PM
I can assure you that my questions are to the point, and not at all stupid.  I am fully aware of their limitations, but they should be able to tell you if it is a seasonal or year round road; if the shore road allowance is still there; and that they can and must provide you with a copy of the stat dec. 


Im absolutely sure your questions are to the point ...Of the 68 before you however.....



two tangos???..we are all aware of the one...
Title: Re: Joke of the Day
Post by: Frank on March 16, 2012, 01:22:02 AM
I can assure you that my questions are to the point, and not at all stupid.  I am fully aware of their limitations, but they should be able to tell you if it is a seasonal or year round road; if the shore road allowance is still there; and that they can and must provide you with a copy of the stat dec. 


Im absolutely sure your questions are to the point ...Of the 68 before you however.....



two tangos???..we are all aware of the one...

Second one was the cottage on Miller Lake that I won last summer, and the guy came in the day before my deed would have been issued...not necessarily his fault, but right after that they refused to extend his contract...put two and three together, and I'm sure the council viewed it as a loss to the town.
Title: Re: Joke of the Day
Post by: Dave2 on March 16, 2012, 01:35:05 PM

he answers the phone with a ' well you are the 69th person to call about this property and aske dumb questions'....'no I have not been out there, they don't let me out of the office'....'I don't really know anything about the property, so I really can't help you with it, you are the bidder and it is up to you to find out what you can'.

I can only guess how stupid the questions he is getting re: sandy bay   are.   I  would not want to be fielding the calls from the masses as most people really cant grasp that the staff can tell us very little except for specific legal facts ..NOT opinions , not interpretations , not guesses, not valuations etc  etc

Of course most of these are people who will bid the min ..It appears my guess of 87 tenders may be low'

Gee:

87 Expected tender responses. I didn"t realize that Rice Lake was so popular.  Should be real easy for civil servants as well; weeds weeds weeds.  Of course there is a segment of the population who I don't
believe hangs out here; may have heard the singular not not the plural; "Weed, Weed" and that might explain the popularity.  ;D

Gee I may have to drive out to Grafton next week although the down side is I may have to pay some overdue debts to Netpred and for good measure he will probably insist I am designated driver.  :'(

Any one else coming out PM me and we will go for a coffee or a cold one. For the board's information I am not going after this one because of other possible funds committments; such as Cochrane where I have been approached to help fund some construction.

Decisions Decisions; always interesting question:  "Do you cash out and invest in Franks favourite town of Moonbeam or increase your bet  ???
Title: Re: Now I know Netpred is in favour of green; beer that is
Post by: Dave2 on March 17, 2012, 10:39:02 PM
Gee:

Gee I may have to drive out to Grafton next week although the down side is I may have to pay some overdue debts to Netpred and for good measure he will probably insist I am designated driver.  :'(


Certainly can confirm with the coming of warm weather that Netpred was around to collect some overdue beer bets.   >:(

Inspection of the Sandy bay property unfortunately revealed some unwanted tenants; who unfortunately don't know how to use the toilet; Hint they have a mask and four legs;

Got into an interesting discussion with Netpred whether you can get a building permit if the existing structures are deamed "derilect structures".  Certainly they are teardown.  

PFM/Frank:  any idea if you get a new building permit if existing structures are condemmed.

Title: Re: Joke of the Day
Post by: netpred on March 17, 2012, 11:18:15 PM
Before anyone chimes in, some background information. The building is a teardown. No foundation, rotted rim joist and floor joists, sagging, leaning, falling over, presently tenanted by several families of masked bandits that have also taken to tearing up the interior and pulling down insulation. Mould and rot everywhere. A septic system composed of a 45 gallon drum. I could go on and I will try to post some pics later.

Bottom line: Complete teardown. Not even G2020 would try to rehab this one - and that man has rehabbed stuff that I can't even imagine. Figure at least $5k, but more like $10k, to teardown.

It gets worse. A year 'round watercourse down the middle of the lot and flood plain - I sunk in the muck near the waterfront (sorry about the mud in you car Dave).

Now, the million dollar question. Will OTS Jeff (or the municipality) guarantee that a permit would be issued if torn down? I think not, but the billion dollar question is whether the conservation authority will issue a permit? Dave will owe me more beer because the answer is no. Before anyone bids on this one they should check with conservation whether a permit will be issued to rebuild a "derelict" structure. I know the answer so I feel a bit guilty about taking more beer from Dave, but of course, I am more thirsty than guilty  ;D.

Dave and I have another side bet that is private on this one. I will also win that bet.
Title: Re: Netpred: Why are you such an OPTIMIST.
Post by: Dave2 on March 18, 2012, 02:42:07 PM
Before anyone chimes in, some background information. The building is a teardown. No foundation, rotted rim joist and floor joists, sagging, leaning, falling over, presently tenanted by several families of masked bandits that have also taken to tearing up the interior and pulling down insulation. Mould and rot everywhere. A septic system composed of a 45 gallon drum. I could go on and I will try to post some pics later.

Bottom line: Complete teardown. Not even G2020 would try to rehab this one - and that man has rehabbed stuff that I can't even imagine. Figure at least $5k, but more like $10k, to teardown.

It gets worse. A year 'round watercourse down the middle of the lot and flood plain - I sunk in the muck near the waterfront (sorry about the mud in you car Dave).

Now, the million dollar question. Will OTS Jeff (or the municipality) guarantee that a permit would be issued if torn down? I know the answer so I feel a bit guilty about taking more beer from Dave, but of course, I am more thirsty than guilty  ;D.

Dave and I have another side bet that is private on this one. I will also win that bet.

Netpred:

Sooner or later your winning streak will end.  ;D You have to admit it was not all bad yesterday; aside from muddy shoes; a chauffer driven ride (He complained that my four year old  Oshawa built car did not have a bar in it), free beer (only two to be legal) and some of the local ladies wearing hotpants with the warm weather.  

What I am surprised is that you did not mention what I consider the worst risk with this property?
Is it always your habit to leave the worst for the last? ???

If you cannot answer the question it will cost you a beer to find out.
Title: Sandy bay
Post by: Pfm1011 on March 19, 2012, 01:08:25 PM

PFM/Frank:  any idea if you get a new building permit if existing structures are condemned.



I do not believe there is any orders ( correct me if I am wrong )  so therefore it is not technically "condemned"   It is a knockdown but I believe you can rebuilt on the same foot prints...The foundation is toppling bricks so you are ground up "renovation".

Still concerned about  septic as you are only a bit above the water

I really haven't looked in to it hard as I am taking a pass on this one   as the cottage "resort"  next door will make this place unbearable in the summer.... do what you want and drop the nicest cottage on the land and you still have the 80 tourists a week next door making this a living hell ... drunken a**holes climbing on your boats and jetskis.  kids screaming in the park..  and these are real low budget clowns..... You will have to go to Downtown Toronto  to get away from the noise.

You can forget  leaving gear out during the week..it will evaporate.

too bad as sunsets would be good due to west facing and  location is not bad for jet skiing to Hastings etc....Its only march so I presume more shall come
Title: Re: Sandy bay
Post by: netpred on March 19, 2012, 01:31:34 PM

PFM/Frank:  any idea if you get a new building permit if existing structures are condemned.



I do not believe there is any orders ( correct me if I am wrong )  so therefore it is not technically "condemned"   It is a knockdown but I believe you can rebuilt on the same foot prints...The foundation is toppling bricks so you are ground up "renovation".

Still concerned about  septic as you are only a bit above the water

I really haven't looked in to it hard as I am taking a pass on this one   as the cottage "resort"  next door will make this place unbearable in the summer.... do what you want and drop the nicest cottage on the land and you still have the 80 tourists a week next door making this a living hell ... drunken a**holes climbing on your boats and jetskis.  kids screaming in the park..  and these are real low budget clowns..... You will have to go to Downtown Toronto  to get away from the noise.

You can forget  leaving gear out during the week..it will evaporate.

too bad as sunsets would be good due to west facing and  location is not bad for jet skiing to Hastings etc....Its only march so I presume more shall come

The proper question to ask is whether the conservation authority will issue a permit for a "derelict" structure. You will need a permit from the conservation authority to rebuild and nobody should bid on this one before phoning them and asking the question that I posed. I know what the answer is. That is why I also have asked whether OTS Jeff and/or the municipality will guarantee permits.

The really difficult problem here is the use of the word "derelict". "Derelict" does not require work orders etc. As an aside, if there are no orders now against this property (and I don't know if there are) there is always the risk that work orders can be slapped on after closing.

Anyone considering to bid should drive out and see it themselves and should also contact the conservation authority. This one has the potential to bite you good.
Title: Re: Netpred you just lost a beer
Post by: Dave2 on March 19, 2012, 03:04:27 PM
Netpred/Pfm:

Interesting enough my concern with this one is something neither of you have mentioned.  
Derilict or condemned structures and conservation authorities I understand and know how to assess.

The one I am worried about is a possible boundary dispute.  It was already covered in an earlier post.

http://taxsaleproperty.org/forum/index.php?topic=1945.0

OTS Jeff claimed he had the best technology available and as they advertise they have handled 15,000 tax sale properties he should know what he is talking about.  

My concern is if the property boundary is off 20 or 30 feet the property is unuseable because of the stream in the center.  

What is the risk I honestly don't know how to assess.  I will deal with racoons, conservation authority, health unit etc.
This one could be major or not a worry at all  ???  Without a surveyor check?

Why do these issues come up the first time Jeff uses the technology? LOL

This is one I am glad I am not bidding because as I have said before I have too much on my plate already.  
Title: Re: Joke of the Day
Post by: netpred on March 19, 2012, 09:58:05 PM
Dave, you give far too much credit to yourself. Everyone here knows that you will have boundary, easment and right of way issues with many of these older cottage properties. These will all survive a tax sale, but my feeling is that if the place has been there for as long as this one has, then these issues are largely non-issues. I know that you can no longer get prescriptive title after the property went into Land Titles, but there is not much doubt in my mind that any boundary issues would have been resolved by adverse possession long ago.

The real issue is that conservation may not issue any permits at all. This cottage cannot be used as it is. There are serious and obvious health issues.

Of course nobody should rely on this free and non-professional opinion. Speak to a lawyer to confirm all of this, especially if you are seriously considering a bid.

Now, about those beers you owe me.  ;D
Title: Re: Joke of the Day
Post by: netpred on March 19, 2012, 11:22:07 PM
Well Dave, I hate to admit it but you just might be onto something here.

As far as bidding goes, I am willing to go over $100k if we go 50/50. Oh, and by the way, you put up the deposit - I'll get you later. ;D
Title: Re: Joke of the Day
Post by: Dave2 on March 20, 2012, 02:06:12 PM
Well Dave, I hate to admit it but you just might be onto something here.

As far as bidding goes, I am willing to go over $100k if we go 50/50. Oh, and by the way, you put up the deposit - I'll get you later. ;D  

Netpred:

How about a modified plan.  First you make your $100,000 bid but I question if you are that generous if you will have any money left after buying all the Mississauga properties tomorrow.  

To help you; out of the goodness of my heart,  I will change my plans and make a logical second place bid; say around $25,000. Now I am a strong believer in what goes around comes around and quoting from an earlier post of yours;

" I know the answer so I feel a bit guilty about taking more beer from Dave, but of course, I am more thirsty than guilty  . " ;D

I have always as well believed that " While money isn't everything it is way ahead of whatever is in second place," so I will be happy to sell the second place bid to you for a suitable markup of course.
 ;D

Title: Re: Joke of the Day
Post by: Frank on March 20, 2012, 03:10:56 PM
I can't believe how far this joke has gotten. 

Anyone want to start-up the next one...I think it is Dave's turn.  Perhaps one of those Rodney Dangerfield mother-in-law jokes.  8)
Title: sandy bay
Post by: Pfm1011 on March 20, 2012, 05:11:33 PM
Im not bidding on this but here is my guess,    Im sticking with my 89 bids ( might be low)

Im guessing the winning bid will be 127.6 K  This is just a guess , DO NOT change your bid based on my BS as it is simply BS from me and nothing more and is based on absolutely nothing ( I think it is worth 50 k under that  as I would only bid in the mid 70s for this if it didnt have the neighbours. with the 80 neighbours, its worthless  crap)

If the winner last name starts with a K  and has 11 letters, ..bid may go higher then I guessed above . That party is the only one I can see having a true value

Please post results

Title: Re: sandy bay
Post by: netpred on March 20, 2012, 08:12:35 PM
Im not bidding on this but here is my guess,    Im sticking with my 89 bids ( might be low)

Im guessing the winning bid will be 127.6 K  This is just a guess , DO NOT change your bid based on my BS as it is simply BS from me and nothing more and is based on absolutely nothing ( I think it is worth 50 k under that  as I would only bid in the mid 70s for this if it didnt have the neighbours. with the 80 neighbours, its worthless  crap)

If the winner last name starts with a K  and has 11 letters, ..bid may go higher then I guessed above . That party is the only one I can see having a true value

Please post results



Well I usually agree with everything PFM says. In this case I disagree on one thing. There will not be 89 bids. Maybe "only" 20 - 30. However, everything else is bang on in my opinion. My side bet with Dave is that this one will go for over $100k. Funny, but Dave and I discussed how, if we were bidding, we would bid much much lower. On that basis I have decided not to waste my time by bidding.

Now of course if everyone does the same thing, some smart guy  8) may end up winning with a 30k bid. Further, if there is any more trash talking about this one, I just might be convinced to take a shot at it. I could always drop by Dave's place for "refueling" so to speak.  ;D
Title: Re: sandy bay
Post by: Dave2 on March 20, 2012, 10:04:38 PM

If the winner last name starts with a K  and has 11 letters, ..bid may go higher then I guessed above . That party is the only one I can see having a true value

Please post results

I will go and post the results.  I agree with this guy  8) we have beat this one to death.

 My only question is why no posts on big city property like Mississauga which has much higher potential value; Its almost like the the big city boys want to distract their poor country cousins like me from the motherlode in the big city.   ???

I guess we will find out about mississauga tomorrow and the poor country cousin property on Thursday
Title: Mississauga Results - an indication?
Post by: g2020 on March 21, 2012, 10:33:49 PM
Mississauga may indeed indicate how Rice Lake will go. The house and townhouse were redeemed. There were 58 people attending, plus 9 city staff, and a security guard. The commercial/industrial condo at 145 Traders Blvd had 13 tenders and high of $219,99. Second high was 160,000. This unit was assessed at $210,000 and the unit beside this one sold for $195,000 last September. By the time the city adds HST and tax adjustment, this one will have sold for about $250,000.
No one  bid the strip of land.
The vacant lot got 11 bids and the high and second high were $305,000 and $188,100. Amazing!
If this is any indication then the Rice Lake "tear down cottage" could go for much more than it is worth, since whether or not a lot can realistically be built upon does not really seem to matter. It must be the weather ;D
Title: Re: Mississauga Results - an indication?
Post by: Dave2 on March 21, 2012, 10:59:14 PM
Mississauga may indeed indicate how Rice Lake will go. The house and townhouse were redeemed. There were 58 people attending, plus 9 city staff, and a security guard. The commercial/industrial condo at 145 Traders Blvd had 13 tenders and high of $219,99. Second high was 160,000. This unit was assessed at $210,000 and the unit beside this one sold for $195,000 last September. By the time the city adds HST and tax adjustment, this one will have sold for about $250,000.
No one  bid the strip of land.
The vacant lot got 11 bids and the high and second high were $305,000 and $188,100. Amazing!
If this is any indication then the Rice Lake "tear down cottage" could go for much more than it is worth, since whether or not a lot can realistically be built upon does not really seem to matter. It must be the weather ;D


So will you be taking a drive to Grafton tomorrow?
Title: Re: Mississauga Results - an indication?
Post by: netpred on March 21, 2012, 11:02:08 PM
Mississauga may indeed indicate how Rice Lake will go. The house and townhouse were redeemed. There were 58 people attending, plus 9 city staff, and a security guard. The commercial/industrial condo at 145 Traders Blvd had 13 tenders and high of $219,99. Second high was 160,000. This unit was assessed at $210,000 and the unit beside this one sold for $195,000 last September. By the time the city adds HST and tax adjustment, this one will have sold for about $250,000.
No one  bid the strip of land.
The vacant lot got 11 bids and the high and second high were $305,000 and $188,100. Amazing!
If this is any indication then the Rice Lake "tear down cottage" could go for much more than it is worth, since whether or not a lot can realistically be built upon does not really seem to matter. It must be the weather ;D


So will you be taking a drive to Grafton tomorrow?

WOW!!! :o :o :o

Gord, are you back in Toronto? Dave and I were talking this past weekend how nice it would be for Dave to buy the three of us a beer. ;D
Title: Re: Joke of the Day
Post by: Frank on March 22, 2012, 12:50:52 PM
Mississauga may indeed indicate how Rice Lake will go. The house and townhouse were redeemed. There were 58 people attending, plus 9 city staff, and a security guard. The commercial/industrial condo at 145 Traders Blvd had 13 tenders and high of $219,99. Second high was 160,000. This unit was assessed at $210,000 and the unit beside this one sold for $195,000 last September. By the time the city adds HST and tax adjustment, this one will have sold for about $250,000.
No one  bid the strip of land.
The vacant lot got 11 bids and the high and second high were $305,000 and $188,100. Amazing!
If this is any indication then the Rice Lake "tear down cottage" could go for much more than it is worth, since whether or not a lot can realistically be built upon does not really seem to matter. It must be the weather ;D


So will you be taking a drive to Grafton tomorrow?

WOW!!! :o :o :o

Gord, are you back in Toronto? Dave and I were talking this past weekend how nice it would be for Dave to buy the three of us a beer. ;D

Did someone say that Dave was buying.  When he opens his wallet, the moths fly out.  Let me know and maybe we can get him to pay for four.  8)
Title: Re: Mississauga Results - an indication?
Post by: shah on March 22, 2012, 01:29:03 PM
Mississauga may indeed indicate how Rice Lake will go. The house and townhouse were redeemed. There were 58 people attending, plus 9 city staff, and a security guard. The commercial/industrial condo at 145 Traders Blvd had 13 tenders and high of $219,99. Second high was 160,000. This unit was assessed at $210,000 and the unit beside this one sold for $195,000 last September. By the time the city adds HST and tax adjustment, this one will have sold for about $250,000.
No one  bid the strip of land.
The vacant lot got 11 bids and the high and second high were $305,000 and $188,100. Amazing!
If this is any indication then the Rice Lake "tear down cottage" could go for much more than it is worth, since whether or not a lot can realistically be built upon does not really seem to matter. It must be the weather ;D
I was there too. The vacant lot which is un-buildable is actually gone for $188,100 and Traders commercial condo was sold for $305,000. The city staff made a mistake in reading the tender for $305,000 referring to the vacant lot which was actually tendered for the commercial condo.  
My curiosity is that why did the construction company buy the un-buildable lot for $188,100 which could not be built for last 40 years? The easement describe that you can only make a garden on it. Any thoughts ?
Title: Re: Mississauga Results - an indication?
Post by: Dave2 on March 22, 2012, 01:50:29 PM
[quote author=netpred link=topic=1950.msg8337#msg8337 date=1332370928] [/quote]

WOW!!! :o :o :o

Gord, are you back in Toronto? Dave and I were talking this past weekend how nice it would be for Dave to buy the three of us a beer. ;D  [/quote]
[/b]


Correction:  You were talking about how nice it would be for me to treat you and your friends and acquaintances from the board for a beer.  I like it how the board is generous with my limited funds.  

This tax sale game is expensive in indirect costs like beers and other obligations you forget about, like Timbits.  With the interest I owe G2020; from a year ago I guess he will now be able to open a Tim Hortons franchise.
Title: Re: Joke of the Day
Post by: netpred on March 22, 2012, 05:40:33 PM
Well Dave, maybe you will be in a mood to celebrate after you win the Rice Lake waterfront later today.

So, Dave's buying, who's in?
Title: Re: Joke of the Day
Post by: g2020 on March 22, 2012, 06:26:44 PM
Shaw requested comments on why someone would bid $188,100 for a lot that an easement shows can only be used as a garden plot. That is just one more reason why you cannot pay market value on a tax sale. You are obviously sharper than most. Many individuals, lawyers included, assume that a tax deed is equivalent to a new crown grant, subject only to interests of the crown such as timber rights, mining rights, and crown liens. This is not the case. Restrictive covenants that run with the land also remain. What you have mentioned is a restriction with respect to use. It survives!!! I have seen one where a person let his adjoining lot go for tax sale but before the sale he registered a restrictive covenant on title that prohibited any building taller than 6 feet. I once sold a hydro easement that made a lot worthless. I offered Ontario Hydro the lot for the same price as the easement but they only wanted the easement. I did not pay the taxes and it sold at tax sale for the full market price as if the easement would disappear. If you pay more than half market value at a tax sale you are probably better off buying through MLS where you are not subject to tax sale risks. These restrictive covenants are not easy to spot since when parcels were transferred to qualified land titles, all that remains is reference to an instrument, and no actual detail line on the print out. You caught it but most would not. Another clue is when something is described as a "block" on a registered plan, as opposed to a "lot", that is block B as opposed to lot 2, you need to get ready to run. A good lot in Mississauga would have attracted 80 or more tenders so the fact that this one only attracted 10 or 11 tenders certainly is an indication that others had concerns, and not just Shaw. Did anyone else
Title: Re: Joke of the Day - Rice Lake At these prices the winner LOSES
Post by: Dave2 on March 22, 2012, 08:44:55 PM
Well Dave, maybe you will be in a mood to celebrate after you win the Rice Lake waterfront later today. So, Dave's buying, who's in?  

Certainly an active tender opening for rural property;  Almost 50 at the tender opening.

1.  No I did not bid Sandy Bay as I promised;  To get to these prices someone would have smoke a lot of the local weed not weeds. In total for Sandy Bay about 40 bids including rejected bids (someone forgot to include their check).  Four highest bids:  $138,500 - $121,000 (this I believe was the campground neighbour), $113,800 and $98,000 Next four were above $70,000 and next 9 bids between $60,000 and $70,000.   I hope these Sandy Bay bids get lots of publicity because I also have property to sell on Rice Lake.

2. I did bid the other interior lot waterfront property (Dunnette) and was a close second but again no cigar.  These were a little more sensible.   Only 5 bids

Winning bid; $11,500 Second Mine $11,140+ Third:  $10,500.  

Dunnette has some risks like Sandy Bay and I was / am prepared to walk away from my deposit if necessary.
 
I have no complaints; on last 5 properties I have bid on; Came first on 2 and came second 3 times.  I refuse to pay idiot prices so that is about as good as I can expect to do.  

3. No bids on the remaining properties.  

And yes I do acknowledge I owe Netpred two more beers.
Title: Re: Joke of the Day - Rice Lake At these prices the winner LOSES
Post by: netpred on March 22, 2012, 10:27:30 PM
And yes I do acknowledge I owe Netpred two more beers.

 ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
Title: Sandy Bay
Post by: Pfm1011 on March 23, 2012, 10:23:43 AM
1.  No I did not bid Sandy Bay as I promised;  To get to these prices someone would have smoke a lot of the local weed not weeds. In total for Sandy Bay about 40 bids including rejected bids (someone forgot to include their check).  Four highest bids:  $138,500 - $121,000 (this I believe was the campground neighbour), $113,800 and $98,000 Next four were above $70,000 and next 9 bids between $60,000 and $70,000.   I hope these Sandy Bay bids get lots of publicity because I also have property to sell on Rice Lake.



I didnt bother bidding , but before we realized the neighbour problem our bid still  would not have made the top 5

The bid for 121 by the neighbour  (K with 11 letters) is the only one that makes sense unless the winner is adjacent the other way.

i hope the winner didnt raise their bid because of my 127 K prediction... ( actually hope they were silly enough to, If they did they were bidding by ego and  auction fever , not brains)

I am surprised at only 40 bids but I guess piles of people bailed for the same reasons as myself .  The math makes 22 bids below 60 K..

How many bids within 10 of the min?

As per mississauga industrial ..WTF ..
Title: Re: Sandy Bay
Post by: Dave2 on March 23, 2012, 01:34:36 PM

I didnt bother bidding , but before we realized the neighbour problem our bid still  would not have made the top 5

The bid for 121 by the neighbour  (K with 11 letters) is the only one that makes sense unless the winner is adjacent the other way.

How many bids within 10 of the min?  

PFM:

1.  One of the things that people did not realize was that the assessed values did not make sense as well including Sandy Bay. Way over assessed for all.  When I get a strip of land 10 or 15 feet wide by 150 feet long assessed at around $35,000 I do not believe it.

2.  I found out this morning by losing I may have saved myself from a more serious problem by not
     winning.  My wife was away and just got back last night and was not happy I even bid.  In cases          like that I wish  I  had a mild mannered Hungarian partner like this guy  8).

With my luck first place winner will walk and then I get trapped  as the second place bidder. There will be hell to pay if I have to walk away from my deposit.  

3. Bid for 121K was not your K neighbour.

4. Within 10 K of min I believe only 3 or 4 bids.