Recent Posts

11

General / Merry Christmas and Happy Holidays

« Last post by Rob on December 22, 2023, 06:08:27 PM »

There are no new tax sale this week so go spend some time with your family.  Things will start heating up again in January so get ready for a crazy year.   

Merry Christmas
Happy Holidays to everyone.

12

Off Topic / Homebuilder, or thinking of building your own new home?

« Last post by ErnestBidder on August 24, 2023, 01:21:51 AM »

  If anyone reading this postaing is a Homebuilder, or thinking of building your own new home, you might want to take a look at at this: go to the home page of GoFundMe.com, search at the top LH corner for Peter Wellington, and have a read. I will be upfront: this is my project, the culmination of almost 3 decades of trying to figure how to build a top quality house quickly. I am now in the fundraising stage, so it's all new to me.

  Wish me luck, and I would be grateful if the members, and any readers, would spread the word on social media sites. If anyone wants to contact me, there is an email link at the bottom of the campaign page.

13

General / Toronto Tax Sale Results from June 29?

« Last post by mike7 on July 06, 2023, 02:42:22 PM »

Does anyone know the results of the Toronto tax sale from last week? Specifically how much the commercial condo on Bay street went for?

14

General / Re: redeemed after I won the tax sale

« Last post by mountainman on June 12, 2023, 04:53:50 PM »

Heres a story that happened this week that could serve as a warning.  I was the highest bidder on an island in south frontenac.  Soon after,  I went to see it, along with a check to pay the township.  There were some shoreline access issues so I talked to several cottage owners, who were quite territorial about using any land to launch my canoe. But I got to the island, loved it and went and paid.  A week later the treasurer sent me the documents to sign to register the deed. but later the same day he called and said the owners daughter came and paid the back taxes.  Apparently me having talked to several neighbors was the mistake as they contacted the owners family and thats the end of it according to the treasurer even though they already took my check.  So after 20 years of tax sales I got sloppy I needed to relearn the lesson. NEVER TALK TO ANYONE ABOUT THE TAX SALE! even after you won.

I am Mountainman

Greetings Jonathan of the Orb

Neighbours do tend to chemisorb,

The less they know

More likely the sale will go,

I am sorry for you

But I too have stepped in this poo.

For I am Mountainman.

15

General / Re: minimum bid set much higher than assessed value

« Last post by mountainman on June 12, 2023, 04:44:51 PM »

  Can anyone inform me as to the legality of a municipality posting a tax sale property that  is assessed at, say, $12,880.63, and setting the minimum bid at $190,000? Are they allowed, or required, to set the bid at, or near, current market value?

I am Mountainman

Greetings my friend Ernie

While the rules may seem screwy,

The municipality can collect all arrears

Including amounts added over the years.

For i am Mountainman

16

General / minimum bid set much higher than assessed value

« Last post by ErnestBidder on June 08, 2023, 01:53:31 AM »

  Can anyone inform me as to the legality of a municipality posting a tax sale property that  is assessed at, say, $12,880.63, and setting the minimum bid at $190,000? Are they allowed, or required, to set the bid at, or near, current market value?

17

General / redeemed after I won the tax sale

« Last post by worldjohn on June 07, 2023, 03:16:06 PM »

Heres a story that happened this week that could serve as a warning.  I was the highest bidder on an island in south frontenac.  Soon after,  I went to see it, along with a check to pay the township.  There were some shoreline access issues so I talked to several cottage owners, who were quite territorial about using any land to launch my canoe. But I got to the island, loved it and went and paid.  A week later the treasurer sent me the documents to sign to register the deed. but later the same day he called and said the owners daughter came and paid the back taxes.  Apparently me having talked to several neighbors was the mistake as they contacted the owners family and thats the end of it according to the treasurer even though they already took my check.  So after 20 years of tax sales I got sloppy I needed to relearn the lesson. NEVER TALK TO ANYONE ABOUT THE TAX SALE! even after you won.

18

General / Re: County Lambton 205 ACRES

« Last post by Pfm1011 on April 24, 2023, 12:05:30 PM »

Thats under 10K an acre  for farmland in southern  ontario.   Bothwell will easily yield over 200 bushels corn  /55 soy   plus  per acre.   I am sure the farmer /investor who bought it is extremely extremely happy with the price  as that is likely half price or better

19

General / Re: County Lambton 205 ACRES

« Last post by bee on April 21, 2023, 03:26:01 PM »

LOL LOL LOL
The second highest was $1,680,000 and yes $1.8M its even above market value in the area. Huge overpaid....

20

General / County Lambton 205 ACRES

« Last post by Jayz on April 14, 2023, 07:50:53 PM »

sold for $1,862,000, 11 tenders

Is this the most expensive tax sale in history?