Messages

1

General Discussion / Re: Utilities???

« on: November 02, 2011, 04:06:21 PM »

Dave2, my thought are aligned with your yours and logically it makes sense, but there seems to be nothing concrete that I can find spelling out the process, if any.  Maybe the all wise  could chime in.

mickey84, it's interesting that arrears first have to be applied to hydro and then water/sewer.  I had no idea that was the case.  Plus I thought this would vary from municipality to municipality.  Is this process specifically detailed in the Act?  If so, do you know where? 

Dave2 and mickey84, I thank you for your valuable insight.

2

General Discussion / Re: Utilities???

« on: November 01, 2011, 03:08:49 PM »

"Dave2 is correct on this - Municipalities have the ability to add utility costs to the property owners tax bill (this power is designated to them through the Municipal Act 2001. And from my experiences on the Municipal side of the tax sale part is that is commonly what is done, including the related interest charges on those utilities."

Hi David,

That's what I suspected, but here is a little twist.  Can the municipality add utility bills (especially operating but capital too) that apply to a period previous to a tax sale to the tax account of the new owner post tax sale?

3

General Discussion / Re: Utilities???

« on: November 01, 2011, 02:58:55 PM »

Hi Dave2

"Can you give us some more specifics.  Most utility costs would apply only to an occupied building.  Are you talking operating or capital?"

My question is about operating side but capital costs might be treated the same way.

4

General Discussion / Utilities???

« on: October 31, 2011, 05:39:46 PM »

Here is a question for the group regarding utilities, especially for you legal experts.  My understanding is that under normal circumstances all utilities get marked (reset) upon ownership change, such that utility amounts owing up to sale date/title registration date apply to previous owners.  Any amounts owing subsequent to sale date/title registration date apply to new owners.  Would this logic apply to a tax sale, particularly for municipality controlled utilities like water/sewer?   If so, does the Act mandate that the municipality is responsible for this reset, much like the requirement for title registration?

5

General Discussion / Re: Kingston Results Please

« on: June 05, 2011, 02:07:55 AM »

Cris, my apologies for the confusion.  I included all information I had for Kingston.  Cloggs Rd is the only listing from the most recent sale that went through.  Others were either cancelled or did not receive a tender.  The other three addresses were successful tax sales from previous listings.

6

General Discussion / Re: Kingston Results Please

« on: June 01, 2011, 03:38:55 PM »

Here you go PFM:

3817 Princess St.  -> 58,250
783-785 Division St. -> 65,920
345 King St. -> 134,868
Cloggs Rd. -> 9,600

Send pm if you need anything else.

7

Property Information / Re: Tehkummah

« on: April 25, 2011, 09:08:03 PM »

Aggh!  That does sound ugly.  But I guess that explains why it's at a tax sale.  It's been my experience that an overwhelming majority of tax sale properties are major dogs.  I am not sure what the exact ratio is but it seems quite high, probably something on the order of 25 to 1.  Of course, I realize that this is a very subjective point of view.  I'd be curious to know if other, perhaps more experienced members, see the ratio the same way? 

8

Property Information / Re: Tehkummah

« on: April 23, 2011, 09:15:49 PM »

Now I have to know, what scared you so badly? 

9

Questions and Answers / Re: Legal Description Help

« on: September 16, 2010, 07:47:16 PM »

On the same note, what does S/T Execution XX-XXXXX, if enforceable, mean?