Ontario Tax Sale Property

Providing free tax sale property listings for Ontario, Canada


Foreclosure Homes - Buying Foreclosed Real Estate
Source: Carrie ReederUnited States

Many home buyers opt to purchase a foreclosed home because of the savings. Properties are foreclosed when a homeowner can no longer afford to make the mortgage payments. After three months of non-payment, the lending institution will reclaim the property, and resell it to another buyer at market value. Some foreclosed properties are in bad condition; however, if you can locate a foreclosed home in good or "move-in" condition, you have stumbled across a great deal. Here are a few tips on purchasing foreclosed real estate.

Carefully Consider the Pros and Cons before Buying Foreclosed Real Estate

The major advantage of foreclosed real estate is the dollar amount you save by purchasing the home at wholesale cost. On average, expect to save about 30% when buying a foreclosed property. This is perfect for investors looking for rental properties or first time home buyers.

Because most properties are in good condition, the home may only need minor cosmetic improvements. This may include a coat of paint, new carpet, etc. Prior to submitting a bid for a foreclosed property, it is important to have the home inspected. If the home requires extensive repairs, realistically assess whether you can afford the additional expense.

Select a Real Estate Agent with Prior Knowledge of Foreclosed Properties

When purchasing a home, it is important to choose a good realtor. Furthermore, many banks prefer working with buyers that are represented by an agent. This proves that you are serious about buying the property. Additionally, if you are a new home buyer, an agent can guide you through the entire home buying process and help you secure financing. Agents can also check for liens against the property.

Conduct Your Own Research of Foreclosed Real Estate

Although an agent may have a list of foreclosed homes, it will speed up the process if you have a list of prospected homes. Thus, you should obtain a listing of homes in your area. To do so, consider subscribing to an online service that offers up-to-date foreclosed listings. Furthermore, government agencies may have a selection of available homes. Also, research public records. Before a lender or bank can foreclose a property, they must file a notice with the country clerk.
About the Author

View our recommended list of foreclosed homes online.




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

Sheriff Sale - September 23 - 2022 - Part 2 by rob
Sheriff Sale - September 23 - 2022 by rob
Re: Execution Search Results by Pfm1011
Execution Search Results by scarferitchiegroup
Brock result by Pfm1011
Toronto Tax Sale by rob
Re: Interesting bid by Dave2
Interesting bid by Jayz
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: Tiny Toronto Tax Sale Property Comes On The Market by daftdaft1996
Re: Revision - Lots of Sherriffs sales this week by daftdaft1996

Visit the tax sale properties discussion boards

Articles

Tax sale process
How to get your hands on cheap land-bargain hunting at tax sales by Cottage Life Magazine June 2004
Escaping The Affects Of Tax Liens On Real Estate Investors by David Gass
Is Tax Lien Investing Still Profitable? by Joanne Musa
Illinois Foreclosure Listings - Homes For Every Demographic by Will Grant
Common Reasons People Go Into Foreclosure by Lucy Landley
Tax sales that get cancelled--how to protect yourself by OntarioTaxSales.ca
What is Premium for Tax Lien Certificates? by Joanne Musa
How To Make Money Investing In Real Estate Foreclosures by Matt Shupe
Investing In Tax Foreclosed Properties by James Ficarro

View more tax sale property articles