Messages

1

General / Re: Cochrane

« on: April 14, 2009, 08:18:35 PM »

thanks guys  (regulars)

i just found it curious that no one had absolutely anything to say...
i know these boards are usually buzzing...

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most dissapointing was the comment by propertz
just a lot of bs.

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and i am not "demanding" any information... but if someone had anything to share...
i enjoy reading and appreciate the info...

cheers,

2

General / Re: Cochrane

« on: April 11, 2009, 11:24:37 PM »

so 156 views of my question and no one has anything to say??
nothing?

Frank?  PFM?  where are all the regulars??

methinks this just might be a nice piece of land??
I just don't think i have the time or patience to drive all the way up there....

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i only got one comment from propertyz...and i'm presuming it to be a disingenous remark...
 a newbie.. who never posts... claims he went to see the land... Really now??
you drove all the way up there to just view the land???
or are you just saying that to spread some misinformation because you want to be the only one to bid on it?? 

your comments don't seem very genuine... thanks anyway

3

General / Cochrane

« on: April 05, 2009, 04:09:38 PM »

Can anyone out there save me some time??

Is this land in Cochrane pretty much swamp land?  landlocked perhaps?

has anyone done any research on this that they wish to share?
anyone found it on Google maps?

thanks much

4

Questions and Answers / Re: thorold?

« on: July 24, 2008, 04:45:04 PM »

i didn't bother bidding...

did anyone bid/win on any of the thorold props?

5

Questions and Answers / Re: Seguin

« on: July 17, 2008, 04:54:57 PM »

Did you bid on the lot, Larry??

does anyone know how many bids there were and the highest bids?

6

Questions and Answers / Re: Seguin

« on: July 13, 2008, 07:04:09 PM »

my impression is that you should be able to build.
there seem to be structures on either side of the property, so i don't see why not.

there is no driveway on the property tho.. and there are some rocks that would need to be removed.

7

Questions and Answers / Re: thorold?

« on: July 08, 2008, 06:17:18 PM »

i did a tour of thorold on the weekend...it's kind of a depressing place actually....

i tried to look at all the properties... went on all the streets... biggar, river, bartlett, allanport
i found it really hard to determine the properties...
eg i couldn't find 29 river???  i saw 37 and 36... or something like that.... but not 27 and 29


which one is the 24 acres? how were you able to determine that one of those plots is 24ac?

8

Questions and Answers / thorold?

« on: July 07, 2008, 08:04:46 PM »

hello all...

does anyone know what this means?

NOT A PLAN OF SUBDIVISION WITHIN THE
MEANING OF THE PLANNING ACT; THOROLD


does that mean that it is a non-building lot?

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i drove by Thorold on the weekend and went to see the area. 
I didn't see anything on Bartlett avenue and there was no 27 or 29 river st.
does anyone know what these properties are?

where could one find a survey of these properties?  can this be found at the land registry in Thorold?

9

Questions and Answers / Re: conflicting info??

« on: July 04, 2008, 09:19:23 PM »

well...  i must say.. i initiated this thread more as a general question on the process, (because i'm completely new to this).
Nowhere in my original question did i mention the allanbrooke property, but somehow this became a became a discussion on that property.

having said that, it was the allanbrooke property that i was curious about and wondered if there was a potential for a good deal there.
I was there for the entire time yesterday to see how things would go.
there were 75  bids in total.  (about 4-5 were rejected)

Top bids were:
310K
302K
297,450
251K
250K
241K
236,650

hats off to the person who bid 251K.  IMHO that was the most intelligent bid and offered the best risk/reward opportunity and should have won the property.
(i did NOT bid by the way)
the top 3 bids are out of whack, again just IMHO.  take $300K and add about 70-80 for renos and you can find something comparable on MLS without incurring all that unknown risk.

thanks to the folks who replied to my question...

to the dude who said someone would bid 380K ... stop wasting our time... no one was gonna believe you anyway... and that's just an being a donkey.
these boards are designed for the intelligent exchange of information -- go find yourself a mindless chat room to waste your time with

10

Questions and Answers / Re: conflicting info??

« on: June 26, 2008, 12:29:29 AM »

TO PFM,

so you're saying the bank would be in there bidding for the property if there was an outstanding mortgage on it?
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follow up question... let's say my search finds no other liens on a property, and the title and execution searches come out clean.
and let's say i get the property for $100K. 
What is the worst possible scenario for me at that point??  (aside from the property being a complete toxic dump)
my concern is ending up owing some kind of money somewhere to someone for several hundred thousand or something silly like that.

how many people on these posts have actually bought a property?  I hate to sound cynical, but this seems like a procedure where only the lawyers and people doing searches make the real money.
Of the people who bought property, how many bids on average does it take to get 'winning bid'



thanks

11

Questions and Answers / conflicting info??

« on: June 25, 2008, 06:30:40 AM »

newbie here......maybe someone can help.
for these tax sale properties, is it possible that there is a standard bank mortgage on the propery and if so, i presume that the mortgage comes with the property?
so if i bid $50,000 and there is a mortgage of 350,000, i assume the mortgage as well for a total cost of $400,000?
i read somewhere that these properties (tax sales) are free and clear of all bank mortgages.
(there may be crown mortgages, but not bank mortgages)
which is it??

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2.  how much does a title search and execution search cost?  what are searches are necessary for complete due diligence?

thnx