Ontario Tax Sale Property

Providing free tax sale property listings for Ontario, Canada


An Industry Of Real Estate Foreclosures - It's Not What You Think
Source: William TeleoUnited States

Statistics show that foreclosures are becoming more frequent due to the ever changing conditions of the real estate block. Though most homeowners bought their houses when the rates are still manageable within their income they still have trouble paying off their mortgages. Blame it on the rising prices of commodities while the people's salary remain at their present amount. However, this type of reasoning does not apply to most lenders. Most people with foreclosed properties are left without houses and a tainted credit history. What to do when you feel that your home might be taken away?

Contrary to what you might think, lenders are not really keen to foreclose properties. For one, they are lenders, their forte is to lend money. They are not really equipped to sell foreclosed properties. So it is advisable to contact your lender at the first sign of mortgage payment trouble. Depending on the type of your mortgage and lender, you can work out several options with them rather than foreclosure. The earlier you call their attention to your problem, the more options could be worked out.

The lenders' usual solution against foreclosures is to grant you a suspension of payment. They grant you an option of suspending your dues within a specific time frame so you can assess your financial situation and resume payments. Or as an alternative, they might opt to redesign your payment scheme to suit your current financial fix. To do this, they might lower your monthly dues or change your payment schedule. Either way, you can still continue your obligation without straining your finances. You can also opt for single big payment to update your account and settle your past unpaid dues. This is especially applicable if your housing loan is covered by the government housing agency. This is the most common move of people with accumulated mortgage debts. However, this is only practical for people who expect a large income or for those with a delayed increase in salary. If you expect or better yet, sure of a large sum coming in from one of your sources, this might be the option for you to avoid foreclosures. Remember though, that it is important to continue your payments regularly after that one-time blow-out.

The options I mentioned above are the most practical options if you still want to retain your house and avoid foreclosures. But if it is too late, and foreclosure is the only thing your lender offers you, there are other ways to save face and your credit record. You can choose to put your house on sale and pay your lender with the profit. Since the real estate rates shot up, you can sell your property for an amount that covers your mortgage debt and more. You hit two birds with this one because you can close deal with your lender while having some money to start anew. Another option is to willingly leave the house or move out. This is more of a graceful exit rather than being forced or evicted from your property. You lost your home but it's no reason to lose your pride either.

About the Author

For more valuable information on Miami Foreclosures see http://www.miamiforeclosures.com




Tax Sale Property Listings

Ontario:
Current Ontario Tax Sale Properties
Ontario Tax Sales - 2021
Ontario Tax Sales - 2020
Ontario Tax Sales - 2019
Ontario Tax Sales - 2018
Ontario Tax Sales - 2017
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

Alberta:
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

Nova Scotia:
Nova Scotia Tax Sale Properties

New Brunswick:
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

Re: Re: Re: Interesting read - Vendor takeback Mortgage Danger by Dave2
Re: Re: Interesting read - Vendor takeback Mortgage Danger by Jayz
Re: Interesting read - Vendor takeback Mortgage Danger by Dave2
Interesting read by Frank
Re: Re: Re: Tax sale has no fun no bargain anymore! by Dave2
Re: Re: Tax sale has no fun no bargain anymore! by daftdaft1996
Re: Minden results October 1st 2021 by John_yjt
Re: Re: Dangers of the game Elizabethtown Kitley / Georgian Bluffs by Pfm1011
Re: Re: Dangers of the game Elizabethtown Kitley / Georgian Bluffs by Dave2
Re: Dangers of the game Elizabethtown Kitley / Georgian Bluffs by Jayz
Re: Dangers of the game Elizabethtown Kitley / Georgian Bluffs by dm1974
Re: Dangers of the game Elizabethtown Kitley / Georgian Bluffs by Jayz
Dangers of the game Elizabethtown Kitley / Georgian Bluffs by Pfm1011
Re: Tiny Toronto Tax Sale Property Comes On The Market by Ernestbidder
Re: Looking for a couple of sale results by dm1974
Re: Tax sale has no fun no bargain anymore! by davidson02
Re: Tiny Toronto Tax Sale Property Comes On The Market by daftdaft1996
Re: Revision - Lots of Sherriffs sales this week by daftdaft1996
Re: Madoc - 1 - Lets get real for a minute by daftdaft1996
Re: Re: Private property vs the road allowance by daftdaft1996
Re: Looking for a couple of sale results by Crouse
Re: I always thought BC had one year redemption period ... by davidson02
Hello Tax Sale community by Crouse
Re: Looking for a couple of sale results by dm1974
Re: Looking for a couple of sale results by Pfm1011

Visit the tax sale properties discussion boards

Articles

What You Should Know About Foreclosure Investing by Masni Rizal Mansor
Tax Deed Sales - Can You Still Buy Properties for Pennies on the Dollar at Pennsylvania Tax Sales? by Joanne Musa
Native rights claimed in tax sale lawsuit by IAN FAIRCLOUGH Valley Bureau
Hud Foreclosures - Finding A Foreclosed Hud Home Online by Carrie Reeder
Foreclosure Homes - Buying Foreclosed Real Estate by Carrie Reeder
Foreclosure Homes for Sale by Ivar Rudi
Processing properties for Tax Sales by City of Stratford
Is Tax Lien Investing For You? by Joanne Musa
Considering a Tax Sale Purchase? by City of Cornwall
How To Make Money Investing In Real Estate Foreclosures by Matt Shupe

View more tax sale property articles