Messages

1

General Discussion / Re: Georgian Bluffs

« on: February 06, 2020, 05:18:01 AM »

Thanks for posting the result 

2

Announcements / Re: Becareful of the Queen, she has a big lien

« on: August 30, 2018, 12:39:08 AM »

 

Glad you think this is funny....

3

General Discussion / Re: Niagara falls

« on: May 08, 2017, 02:49:57 AM »

It's a house in Niagara Falls If you want more info such as title search assess value etc you have to do what we all do  "research". Tax sales are a lot different now with lot's of competition so I would not expect free info or someone to hold your hand. Sounds a little harsh but that is the reality of Tax Sales. Good Luck  

4

General Discussion / Re: BROCK

« on: August 26, 2016, 12:06:48 AM »

Thanks again...question is was it a good deal. Anyone?

5

General Discussion / BROCK

« on: August 25, 2016, 11:03:46 PM »

Anyone like to share the results
Thanks

6

Announcements / Re: Quick Tips for the Hamilton Sheriff Sale

« on: March 01, 2016, 01:28:21 AM »

A couple of quick tips I would like to contribute here for those who might be interested in the Hamilton sheriff sale.

Auction was aborted last year because the owner came and bid against all others.
So, I guess, the sheriff came back with a better idea and with vengeance this time around.

Also note that the sale may be for the debtor's portion of ownership only, not necessarily the entire house.

Thanks for the insight Matt; I have never done a Sheriff Sale so I have many questions...first if you or anyone else can elaborate on how can the owner come back and bid against all others when my understanding is that they are sealed bids...how could the owner possibly come back and squash the deal. Also "the debtor's portion of ownership only, not necessarily the entire house" what does that mean

7

Property Information / Re: For those bidding Toronto - Manor Road Property on CBC

« on: November 12, 2015, 03:54:00 AM »

Dave2; I was talking about residential not commercial with possible residential development...


http://nexthome.yp.ca/commerical-and-office-space-for-sale/on/toronto/290-old-weston-rd/1-64117/

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Property Information / Re: For those bidding Toronto - Manor Road Property on CBC

« on: November 11, 2015, 04:43:48 PM »

....
In any tax sale with 6 or 600 bidders we will always face and lose to what I call the 'BMW' bidder.  "Biggest Mistake Wins".  As I have said before any fool can buy them, the key is what you sell them for, or want to do with them for personal use.  In that perspective I have a question.
...

I literally saw one a few years ago when checking a property in Muskoka. There was a big guy with suit and tie sitting in there. 

...
Agree jt...some may remember 592 Rushton Road; 40 plus bids... winning bid close to 600K. Well 2 years later on the MLS off the MLS and on off again. The place is still boarded up today.  Well least Rushton Road is a detached where has Pacific and Manor are semi-detached. Let the insanity begin...

This is interesting. I didn't follow up on this - was there way more than his/her winning bid he/she had to pay? did he/she ask too crazy price on MLS so it didn't sell? Given the fact that Toronto real estate market has been as crazy as it could possibly get in recent years, I wouldn't be surprised this could sell for 1m plus even in current condition. It was on news only a few weeks ago that a century old semi-detached house in  below average condition was sold for 1.4m, way more than asking.

I don't have any info about Rushton Road; I wish I did, regarding Manor Road/Pacific are we headed or are we already there,,,,Million Dollar semi-detached fixer uppers with some baggage

9

Property Information / Re: For those bidding Toronto - Manor Road Property on CBC

« on: November 09, 2015, 11:33:10 PM »

If it is anything like past Toronto sales, there won't be any deals to be had.

Agree jt...some may remember 592 Rushton Road; 40 plus bids... winning bid close to 600K. Well 2 years later on the MLS off the MLS and on off again. The place is still boarded up today.  Well least Rushton Road is a detached where has Pacific and Manor are semi-detached. Let the insanity begin...

10

Announcements / Re: Oshawa Results - April 16, 2015

« on: April 18, 2015, 02:24:48 AM »

Hey guys,anyone know the results? I think the sale should be done by now.  Thanks

a) Albert Street: 

19 bids  Highest: 112,000 2nd highest:  82,000

b) Parker Street:

22 bids: Highest: 138,200 2nd highest: 131,026

c) Stevenson:

13 Bids: Highest $501,000;  2nd Highest $401,000

Thanks Dave2; karma to you for  posting the results...Just wondering if the winner for Stevenson drove home smashing the dashboard thinking WTF I overpaid 100K.. (I know I would).....do you think lately everyone is a little overzealous??

11

Introduce Yourself / Re: New kid on the block looking for some help and advice!

« on: June 14, 2014, 03:37:32 AM »

Congratulations' now the real fun begins... (kind of) as for your question about access to  the property all Municipality's clearly states "The municipality has no obligations to provide vacant possession to the successful purchaser"  I have never heard of a official simply say " go ahead and get the locks changed" this does not sound right..... I do hope for your sake the property is vacant otherwise you could be opening a HUGE can of worms. As stated  earlier you have to do your own due diligence right from the get go.....GOOD LUCK

12

Introduce Yourself / Re: New kid on the block looking for some help and advice!

« on: May 29, 2014, 11:34:45 PM »

Sorry guys for I may have worded it wrong on my previous post...when it comes to financing I always have paid cash I would never go to the bank for financing on a Tax Sale they will laugh at you especially now, if you don't have the cash this is a hard game to play..

13

Introduce Yourself / Re: New kid on the block looking for some help and advice!

« on: May 29, 2014, 09:45:28 PM »

Welcome to the board....I think if you read previous posts from the pros such as Frank/Dave2/g20/20/Netpred  (buy the way where is he???)/and many others you will learn a lot of valuable information. I have been doing this for about four years and have secured 2 properties and trust me it is not easy.

You have to do a lot of research/leg work and accept ALOT OF DISSAPPOINMENTS along the way from financing/tax sales/etc  to leap into this. The market is crazy right now (read previous tax sale on Rushton Road Toronto) and of course the MLS in Toronto is INSANE much like Tax Sales unfortunately....

Good luck..

14

General Discussion / Re: Toronto (results)

« on: June 26, 2013, 02:53:26 AM »

Nice to finally meet someone from this board today (worldjohn) anyhow here are some results;

Have to say probably the worst tax sale opening I have ever witnessed, totally on organized the process was painful and Toronto should be ashamed......

I can never understand why people in this forum never want to meet up.  Worldjohn is a very very interesting person.  

Next time you drive the 401 east about an hour from Hogtown give me a heads up and we can get a coffee or something stronger.  (I love betting with Netpred, he never collects his bets. ) I am really lucky he is only this way about once a year.  (he has a different hunting territory then me)

Love to trade tax sale opening war stories including mixed up envelopes and contents.  Best is a true tax sale odyssey well north of Toronto, better then Homer's epic of ancient Greece that I had the privilege of participating in and I am sworn to secrecy about the other guy who really knows a heck of a lot more about this business then me. It included being marooned, mountain men with their really (really) big dogs, a property I wonder if it was owned by the mafia.

Only sorry we did not have dark blue suits and sun glasses.  Best exchange was with the long time treasurer, who my much more knowledgeable friend asked a question and was greeted with the response, " Who are you guys, no one has ever asked me that before."  You should have seen the jaw drop even further when he started a five minute discusision what the treasurer thought about the A.C.M.T instructors.    

It takes one of those to realize how little I know. I will take that over the Greek Illiad and Odyssey anytime.  Of course the properties were redeemed but that is the tax sale business.    

Dave2: Karma to you and by the way you deserve alot more (Karma).....next time I head east I will definitely give you the heads up so I can meet you; one of the many pros on this board

15

General Discussion / Re: Toronto (results)

« on: June 20, 2013, 09:23:29 PM »

Nice to finally meet someone from this board today (worldjohn) anyhow here are some results; tons of bids for both:

Rushton  Road :     577K
29 Vassar Road :    525K

Have to say probably the worst tax sale opening I have ever witnessed, totally on organized the process was painful and Toronto should be ashamed......