Oshawa Property

[Sasha]

Hi,

Any information regarding the Oshawa property?

Thanks,

Sasha

[Apex]

This house is part of a disputed estate, at least two parties that refuse to talk to each other involved. House in need of extensive repairs. Guy at the city said there are definite legal issues, lawyers involved. Do not know how long house has been vacant. No hydro or water.

[Sasha]

Hi,

Thanks Apex.   The hydro or water can be turned on again if someone purchases it, can't it?  Will the 'legal issues' etc... survive the tax sale if someone purchases it?

Sasha

[Apex]

Yes hydro and water can be turned on again. Right now don't know all the details about the legal issues. If anyone else knows anything about this property please let us know. Thank you in advance.

[Sasha]

Hi,

Took a look at the property from outside.  Appears as if some work has already been done and previously well kept on the outside.  I can tell that the property has just been neglected in the past few months.  Don't know about the inside.  It could be quite valuable if there aren't any crown liens on it, thats if whoever is responsible for the estate doesn't pay off the taxes.

Sasha   

[DJ]

Hi, I don't have information about the Oshawa property but I do have a question that relates to it (and any other property).  It is a basic question (excuse my ignorance, I'm new).

Does a bank's mortgage to the subject property survive the tax sale?  In other words, would the winning bidder have to pay off the balance of the existing mortgage (I would think this is the case).

Thanks for your help and sorry my question doesn't relate directly to the Oshawa property.

DJ

[Frank]

DJ

All liens on the property will disappear (including mortgages).  The only that survives a tax sale are crown liens - you can't get rid of the queen.

Sasha

I presume the legal issues are between the current owners.  If they are suing each other, then they will both lose out if they allow it to go to tax sale.   On the other hand, it they are being sued by some other party that happens to represent the crown, then you need to know that - if that was the case, then the crown would have liened the property.