Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    


Investing In Tax Foreclosed Properties




Source: James Ficarro - Canada

Every property that is owned is assessed property taxes that must be paid every year.

Property taxes are paid to local and state governments based on the appraisal value of the real estate.

All states, the District of Columbia, Puerto Rico and the American Virgin Islands and Canada have property taxes.

When a property owner doesn't pay their taxes, they are usually penalized and warned.

If the owner still doesn't pay the taxes, the property is either seized, gets a lien placed against it, or both.

After due process, the property is sold at a tax auction. Tax auctions provide one of the most extraordinary investment opportunities that exist to date.

If properly educated, an investor can by real-estate for a small fraction of what it is worth. They can rent, sell, or use the property for themselves. In most states, the government taxing agency allows investors to pay a delinquent owner's taxes.

The investor receives a tax lien certificate. If the owner wants to keep the property, they have a limited time to pay off the lien, including interest, fees, and any additional taxes that had been paid after "possession".

If the owner fails to pay off the lien, the property is deeded to the investor. In some states, the government taxing agency will not allow investors to pay the taxes, so the property is seized and goes to the agency.

The property is then auctioned off, usually for back taxes, penalties, and interest. The successful bidder typically gets 1st lien, so the dead is free and clear.

In other states, the delinquent property is sold at auction for the amount of taxes, penalties, and fees, but the original owner has a time period to buy the property back. The buy-back price includes interest (often very high), penalties, fees, etc.

The taxing agencies make the deal as sweet as possible to encourage investors to bid on the properties and solve the delinquent tax problem.

About the author:

James Ficarro provides an excellent resource for finding and buying tax foreclosed properties and liens in every county in the United States. http://www.tax-property-sales.com




Next: True Stories of the Appellate Courts

Previous: Canada Property Tax



Add to del.icio.us Add to Reddit Add to Digg Add to Del.icio.us Add to Google Add to Twitter Add to Stumble Upon
Add to Informational Site Network
Report
Privacy
SHAREADD TO EBOOK








Android app on Google Play

Tax Sale Property Listings

Canada:
Current Ontario Tax Sale Properties - EBook Guide

Ontario Tax Sales - 2016
Ontario Tax Sales - 2015
Ontario Tax Sales - 2014
Ontario Tax Sales - 2013
Ontario Tax Sales - 2012
Ontario Tax Sales - 2011
Ontario Tax Sales - 2010
Ontario Tax Sales - 2009
Ontario Tax Sales - 2008
Ontario Tax Sales - 2007
Ontario Tax Sales - 2006
Ontario Tax Sales - 2005
Ontario Tax Sales - 2004

Current Alberta Tax Sale Properties

Alberta Tax Sales 2014
Alberta Tax Sales 2013
Alberta Tax Sales 2012
Alberta Tax Sales 2011
Alberta Tax Sales 2010
Alberta Tax Sales 2009
Alberta Tax Sales 2008
Alberta Tax Sales 2007
Alberta Tax Sales 2006
Alberta Tax Sales 2005
Alberta Tax Sales 2004

Nova Scotia Tax Sale Properties

New Brunswick Tax Sale Properties

USA:
New York Tax Sale Properties
Texas Tax Sale Properties

Sheriff's Sales
Ontario Sheriff Sales Properties

Ontario Tax Sale Research

Listing by Date
Listing by Counties, Listing by Districts, Listing by Regions, Listing by Single Tier

* My Properties *


Latest Discussion Posts

>> how do tax sales work in nb canada by rachel
>> Re: Tiny, possible contaminated soil lot across landfill by Pfm1011
>> Sheriff's Sale of Lands - July 13 by rob
>> Tiny, possible contaminated soil lot across landfill by bee
>> Re: Feeder Rd aka Pietz Rd Welland results please by Pfm1011
>> Re: Be Careful what you buy by Frank
>> Re: Re: Be Careful what you buy by Dave2
>> Re: Be Careful what you buy by Frank
>> Re: Be Careful what you buy by Jack
>> Be Careful what you buy by Dave2
>> Re: Feeder Rd aka Pietz Rd Welland results please by Jack
>> Re: Mark's Point... by Pfm1011
>> Marmora sale... Deloro Ont ...Canadas Love Canal RUN RUN RUN by Pfm1011
>> Re: Moving a lot line legal question..help needed from the wiser ones on here by ruok
>> Mark's Point... by Slick_Willy
>> Re: GIS GPS RTK Glonass etc by Ronster
>> Re: Moving a lot line legal question..help needed from the wiser ones on here by Dave2
>> Re: Moving a lot line legal question..help needed from the wiser ones on here by Pfm1011
>> Re: Moving a lot line legal question..help needed from the wiser ones on here by Dave2
>> Moving a lot line legal question..help needed from the wiser ones on here by Pfm1011
>> Looking for user . M Lee by Pfm1011
>> Feeder Rd aka Pietz Rd Welland results please by Pfm1011
>> Re: What do you folks think about the recent Markham sale? (results) by Dave2
>> What do you folks think about the recent Markham sale? (results) by Jayz
>> Finally a lawyer I can afford by Dave2

Visit the tax sale properties discussion boards


Articles

>> Buying A Home After Foreclosure What To Expect by Carrie Reeder
>> Introduction To Buying Pre Foreclosures by Masni Rizal Mansor
>> Introduction To Foreclosure Home Investing by Masni Rizal Mansor
>> How To Make Money Investing In Real Estate Foreclosures by Matt Shupe
>> Common Reasons People Go Into Foreclosure by Lucy Landley
>> Get Ready to Shop for Foreclosures by Jason Murphy
>> Buy Real Estate Without Breaking Your Budget by Alex Peterson
>> How to get your hands on cheap land-bargain hunting at tax sales by Cottage Life Magazine June 2004
>> The Basics Of Foreclosure by Dr. William Noel
>> How to Use Tax Lien Manager to Protect Your Tax Lien Certificate Portfolio by Joanne Musa

View more tax sale property articles


Other

Tax Sale Property Books
Kindle

Tax Sale Property Links


Follow @taxsalesont



Privacy Policy