Cancellations

[LarasDad]

Does anyone know what the minimum requirement is for a municipality to cancel a sale ?

ie. does the property owner have to pay the full "minimum bid" or just the portion that is "arrears" or can they cut a deal with the treasurer or ... ? ? ?

Thanks in advance for whatever enlightenment the tax sale gods can provide. 

[p.s. this all comes from having wasted my time researching a particular Hamilton condo, 515 Main St which has had 6 different units on the block since 2007 and in each case, cancelled --- doesn't make much financial sense, assuming all are owned by one entity]