Messages

1

Questions and Answers / Re: Negotiating Crown Liens

« on: July 09, 2009, 10:46:30 PM »

Thanks for the wit.  But it doesn't really address the issue. 

The CRA is looking to get their money, and they often negotiate settlements.  The liens they have placed on this property mean it will never be sold and they won't get their money.  I was hoping someone might have some experience they could share on negotiations with the CRA on tax sale properties.  Ultimately, if they can get a portion of the payment out of this property and continue to lien other, more valuable properties, then they would be willing to negotiate.

2

Questions and Answers / Negotiating Crown Liens

« on: July 09, 2009, 06:16:00 PM »

Hello All,

First post and first tax sale.

I am looking into a property and there are 3 liens registered against it.  2 by the crown and 1 by the township.  The township has offered the property as a tax sale at a reasonable amount but the crown liens are way in excess of the properties actual value.  Does anybody have any experience or advice for negotiating with the crown on liens involved in a tax sale, specifically the CRA?  I believe the current owner has other properties that are not under liens, would transferring the liens to more relevant properties be something the crown would negotiate?

Thanks in advance.