Ontario Tax Sale Property Forum
Welcome,
Guest
. Please
login
or
register
.
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
News:
Tax List Property Listings Forum
Home
Help
Search
Calendar
Login
Register
Ontario Tax Sale Property Forum
»
Tax Sale Forum
»
Questions and Answers
»
Mortgage
« previous
next »
Print
Pages: [
1
]
Author
Topic: Mortgage (Read 15475 times)
0 Members and 1 Guest are viewing this topic.
diamond
Newbie
Posts: 2
Karma: 0
Mortgage
«
on:
April 23, 2006, 10:03:29 PM »
Hello everybody,
I was wondering if anybody knows whether mortgage and other caveats are registered on the title of these properties, and if so, who is responsible for paying out the mortgage. I would appreciate any feedback on it. Thanks.
Logged
Rob
Administrator
Senior
Posts: 536
Karma: 135
Re: Mortgage
«
Reply #1 on:
April 25, 2006, 01:23:18 AM »
Well what happens is:
Anyone with a lien against the property is noticed three times of the tax sale. At this point the bank can pull the mortgage and demand full payment which might result in the house going up for sale. Once a tax sale property is sold all lien (aside from govermental) will be removed from the property.
Logged
diamond
Newbie
Posts: 2
Karma: 0
Re: Mortgage
«
Reply #2 on:
April 25, 2006, 05:01:45 AM »
That's great news.
Thanks a lot Rob.
Logged
Print
Pages: [
1
]
« previous
next »
Ontario Tax Sale Property Forum
»
Tax Sale Forum
»
Questions and Answers
»
Mortgage