Messages

1

Questions and Answers / Re: writ of execution vs title check

« on: May 17, 2007, 01:27:33 AM »

sasha,

Yes you are right thats also my understanding  too but writ is different it is  a dispute in court  over a property between two parties involved . No government entity is involved here .

2

Questions and Answers / writ of execution vs title check

« on: May 13, 2007, 02:16:43 AM »

 In my understanding Writ of execution is issued in the sherriff office to hold on to the  title of the  property so that there will be no transaction will be made .  this is based on the court order . If the former owner will not appeal on this order the property will be up to  public bidding  so that the complainant  will be awarded  the amount owed by the former owner.

title search is knowing if the certain property has any lien and encumbrances attach to the title so that you will know if it is a clean or not. If ever you bought a property that has a lien or and encumbrances  (like mortgages, taxes, and other penalties impose ). the title will not be tranfer to you name until this lien and encumbrances is cleared that means you need to pay off this first

3

Questions and Answers / Re: Any info on Hamilton properties?

« on: May 13, 2007, 01:12:42 AM »

So far I have no  any idea yet  I didnt do any deligence  even title search in one of the properties but I  am interested  to bid in one of these properties . still thinking!!!!

4

General / Re: Oshawa Property

« on: May 13, 2007, 12:09:19 AM »

hi everybody I am quite surprised  the amount of the winning bid although this is my first time to bid in tax sale . I first consider the prevailing market price plus any crown fees  to be added  cost on top of the bid price plus the cost of repair of the house and I am not expected to go that high .  That drove me to a conclusion that will be over price. just as sascha quote you are right I can buy much better house in that  amount of money in that area. For those who want to bid again I wish you luck.