Messages

1

General Discussion / Re: crown lien on property

« on: February 24, 2010, 08:34:52 PM »

I went to pick up the tender form on the last day of bid acceptance and asked the clerk that day which was this past monday. The other bidder asked on friday and said he was given the same information.  I spoke with him today and he told me hes in the process of speaking with his lawyer (im hoping he works something out).

The liens were place on the title after the town did its search back in march, the liens were put on one in Aug and one in Nov. I dont know how this affects the situation. The town must have known about the liens because the the lawyer had the documents on him and they informed us as soon as they were done opening the tender. Also it seems unfair because the property is only assessed at 75000, and the house is really run down, no one would put a bid on if they knew about the 130000 in liens on the property

The highest bidder also informed me that he found out the someone had asked if there was a lien on the property and the town told them yes back on Feb 10. But the town wouldnt give hime a name.

All that the advestisement stated was the town doesnt make any representations about the title of the above properties, there was 3 of them. I really wish i just did a title search. Its going hurt alot if I lose this money.



Im going to go speak with the treasurer and see if that can accomplish anything. The towns lawyer showed me and th

2

General Discussion / crown lien on property

« on: February 24, 2010, 08:06:27 PM »

So i made a big mistake. I went to the townhall and asked the clerk if the minimum tender would provide a clear title. She told both me 2nd highest bidder and the highest bidder that their were no liens on the property. He submitted a bid for 36000 - 7300 down and I submitted a bid for 21 500 - 4400 down. There was also 6 other lower bids. Right after the tenders were opened the towns lawyer informed us that there were two crown liens from rev canada on the property, one for 78000 and the other for 44000. Is there anyways for me to get my deposit back or to buy the property without the liens if the first bidder loses his deposit. I feel really stupid and taken advantage of because the towns cleark informed me that the mim tender would provide a clear title.