Author Topic: What happens to UNSOLD Properties (Read 17211 times)

buyright · « **on:** September 25, 2006, 11:41:30 PM »

I was @ the Port Colborne Sale today
What happens to the 4 unsold properties ?

Thanks
Dave

Rob · « **Reply #1 on:** September 25, 2006, 11:43:07 PM »

They go directly to the city and they can then sell them as surplus, or keep the land as they see fit.

buyright · « **Reply #2 on:** September 25, 2006, 11:47:49 PM »

Do they advertise, and if so where ?

Rob · « **Reply #3 on:** September 26, 2006, 01:15:13 AM »

Many times they sell the property for market value, many times they keep the property (Metro Hall was surplus at one time). They redraw deeds and rezone and sell to developers at times. At times real estate agents sell property for them. Check the city website you want to buy in and see if they have any surplus property they are selling.

Ontario Tax Sale Property Forum

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Author Topic: What happens to UNSOLD Properties (Read 17211 times)

buyright

What happens to UNSOLD Properties

Rob

Re: What happens to UNSOLD Properties

buyright

Re: What happens to UNSOLD Properties

Rob

Re: What happens to UNSOLD Properties