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Submitting a bid
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Topic: Submitting a bid (Read 18551 times)
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Seirra
Newbie
Posts: 7
Karma: 0
Submitting a bid
«
on:
September 12, 2005, 08:23:36 PM »
What is the proper method of submitting a bid? What all needs to be included? Does anyone know if you can place bids if you are a Canadian but are currently living outside of the country?
Seirra
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Rob
Administrator
Senior
Posts: 536
Karma: 135
Re: Submitting a bid
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Reply #1 on:
September 12, 2005, 10:08:27 PM »
Hi Seirra,
All good questions you are asking.
I'll try to field this question. For each tax sale property you can get a kit from the municipality somewherre in the price range of free-10.00 dollars. Contact the phone number at the bottom of tax sale property listing you wish to bid for. I believe there are no requirement for living in Canada or that province for a certain amount of time before bidding on a property.
A kit is not required for submitting a bid, but if this is your first attempt, it would be well worth your while.
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Frank
Senior
Posts: 917
Karma: 162
Re: Submitting a bid
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Reply #2 on:
September 13, 2005, 08:07:09 PM »
The tax sale laws are set out in Section XI of the Municipal Act (you can view this document bgoing to the Ontario Government web-site where all of the statues and regulations are posted as 'e-laws') try this link, it should take you right to section 371
http://www.e-laws.gov.on.ca/DBLaws/Statutes/English/01m25_e.htm#BK444
)
this section sets out what Municipalities have to do in conducting a sale.
You also have to go to the regulations for information on the rules governing a sale. That can be found by going to e-laws as well. Try this link
http://www.e-laws.gov.on.ca/DBLaws/Regs/English/030181_e.htm
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Frank
Senior
Posts: 917
Karma: 162
Re: Submitting a bid
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Reply #3 on:
September 13, 2005, 08:08:32 PM »
that last link should have read
http://www.e-laws.gov.on.ca/DBLaws/Regs/English/030181_e.htm
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Seirra
Newbie
Posts: 7
Karma: 0
Re: Submitting a bid
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Reply #4 on:
September 14, 2005, 12:58:49 PM »
Rob and Frank,
Thanks for the info and links. I will check out the website.
Seirra
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Submitting a bid