Windsor Condo

[dogmacanada]

So I am interested in the Windsor condo Tax sale....  There is a lien from the condo corp, does this survive a tax sale?

[Dave2]

Dogma:

I don't believe it does but condo corporations are funny and they may try to enforce a claim even if they do not have a full legal case.

if you get the property make sure parcel register is updated to remove all claims.

see also this article  about windsor tax sale

http://blogs.windsorstar.com/news/city-of-windsor-to-auction-off-properties-in-tax-sale

looks like lots of other opportunities coming up down the road from the article

Currently there are 75,000 properties in Windsor, and about $41 million in tax arrears.

[dogmacanada]

I did read that, CRAZY.... I just talked to someone living in the Windsor area and she says there in a Sellers market, Not sure if I believe it....  There was a flood in the building this year, wonder if their condo rates will be going up!

Lots of sales up right now, hopefully they go all the way.....

I want to bid on like 10 places, but they will likely be redeemed..as always....lol

Happy hunting

[Dave2]

Lots of sales up right now, hopefully they go all the way.....

I want to bid on like 10 places, but they will likely be redeemed..as always....lol Happy hunting 

Dogma:

Maybe you should bid your 10 places at least according to the Financial Post. Good Luck 

http://business.financialpost.com/personal-finance/mortgages-real-estate/sneer-all-you-want-vancouver-and-toronto-windsor-ontarios-recession-ravaged-rust-belt-city-is-turning-into-the-countrys-hottest-real-estate-play