Messages

1

Announcements / Re: Rob is right on the ball this morning with new listings

« on: January 28, 2012, 04:36:17 AM »

Kudoos to Rob - thank you for this site and all the beautiful people that are here. !!!  I love the site. I am learning slowly but surely.

2

Announcements / Huron Properties for Sale

« on: September 26, 2011, 09:09:33 PM »

FYI - 2 of the 4 Huron properties have redeemed, if anyone is thinking of going for the auction. Tri-Target has 1 already marked the other one is PIN # 41344-0352.

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Introduce Yourself / Re: New to this site

« on: September 26, 2011, 09:06:48 PM »

Many thanks madawaskavalleygypsy, And thanks MHT, I visited the property yesterday and there was not white paper on the door or any where, but what was interesting is the sofa was changed and there were a few changes that was noticed through the windows, but there was not one to ask, s I will continue to look into it.

I appreciate all your suggestions and replies, excellent ideas.!

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Introduce Yourself / Re: New to this site

« on: September 23, 2011, 12:03:27 AM »

Thank you MHT and Pfm1011 for sharing your knowledge. I will be visiting the property this weekend, to see if there is a white paper on the property or not. Yes, I have kept in touch with the Real Estate Sales person and also have access to the listing, which I keep checking on a regularly.
Many thxs
Taz

5

Introduce Yourself / New to this site

« on: September 18, 2011, 03:27:55 AM »

Hi Everyone,

I recently found this site, as I was searching for particular information on a possible Power of Sale (POS).
Amazing site and people and the knowledge level is great!
This question may not fit in here, please forgive me and guide me as to where I need to add this.

I am a newbie to all this and would like to ask about how do I go about knowing when a property will go for sale, after POS lien has been on the property?

I know of a property that was used probably used on weekend by the owner, unfortunately the owner has passed away without paying taxes for a while. On further enquiry, I found out that the pipe burst over the Winter and there was damage to the floors. I managed to get in touch with the bank who is holding the mortgage, the banker informed me that the property will be for sale but may take a long time, they will get rid of the furniture and repair the floor before they sale it. She said they will list it with the Real Estate Sales person who last sold it, about a year ago. (The property is very small and will probably be sold for the regular market price with a POS notice, but it meets my budget needs.)

On further research I also found the regular residence of this owner who has passed away, but unfortunately, no one else lives at this address either and the van had no licence plate and there were quite a few mail out side the door.

How do I go about finding out if the Municipality would take over, or will the bank continue to do whatever it has to do to put the property on sale through the real estate agent?

I have visited the Municipality website without any success. I understand that it takes 3 years of unpaid taxes before the Government will give a POS notice to the owner. Does the bank wait that long? I do not think so, but please correct me if I am wrong. What do I do? How do I find out if the owner had heirs who will redeem this property or is this property going to be sold by the bank? I telephone the lady at the bank 2nd time after 2-3 months from the 1st call, and did not hear from her to date, and the real estate agent who is supposed to get the listing has still not heard from her either. The property still shows the name of the deceased person. It is now almost 6 months since I found out about the property.

Does anyone know what the actual process is in this case and how do I go about finding out if this property will sell or not? Any information will be greatly appreciated.