Ontario Tax Sale Property

Providing free tax sale property listings for Ontario, Canada


The Pros And Cons To Buying Foreclosed Properties
Source: Tim LeeUnited States

Auction buying of foreclosed properties is the most profitable and common way to make a fortune in the real estate business. If you do not know how to buy a foreclosed property, it could turn out to be the easiest ways to lose a fortune. Most disasters occur due to over bidding on the properties without properly assessing the real market value and fix up costs of the property under the hammer. Research can make or break the fortune one could make on a foreclosed property.

Auctions of foreclosed properties are held at public auctions that are conducted under the supervision of the county or state court where the property is situated. This works towards the advantage of the buyer since the transfer of title is immediately executed upon winning the bid. In most cases the winning bidder is the lender who has requested foreclosure of the property in the first place.

The Advantages

The main advantage of buying a foreclosed property through auctions is the profitability, the difference between the highly discounted price and the estimated value you can sell it. Normal foreclosure property auctions have a six week notice enabling the interested buyers to inspect the property and assess its total cost including fix ups and liens and other issues and research the market price at which it can be disposed of. It is always important to remember that bidding at a foreclosed property auction need not be competitive but based on your own assessment.

The Disadvantages

The main disadvantage in buying a foreclosed property from a court auction is that it required a lot of capital investment. The payment period is very short and one should be read even before bidding to successfully buy a foreclosed property. Another major disadvantage would be the transfer of title that involves a great risk. If your research is not correct or incomplete it could lead to major losses in the process of buying and selling foreclosed property. Higher the risk, higher the gain, therefore one should be doubly careful and do significant research before bidding on an interesting property.

Buying a foreclosed property is a science in itself and involves a lot of learning. Financially smart businesspersons have been known to have burnt their fingers buying and selling foreclosed properties. If one is careful, a fortune can be made. But, if one a little careless, they could be bankrupt in a matter of weeks.

About the Author

For listings of foreclosed properties, please visit http://www.real-estate-foreclosed-home.info/




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: 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: 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

Visit the tax sale properties discussion boards

Articles

Foreclosure 101 by Robert Thatcher
Illinois Foreclosure Listings - Homes For Every Demographic by Will Grant
Foreclosure Listings - A Wide Range of Excellent Housing Choices by Will Grant
Time to Buy a Foreclosure by Adam Smith
What You Need To Know About Real Estate Foreclosures by Michael Contaro
Why Buy Pre Foreclosures? by Ken Fong
Is Tax Lien Investing For You? by Joanne Musa
Who's on Your Tax Lien Investing Team? by Joanne Musa
Getting a mortgage to buy a tax sale property - BE CAREFUL! by OntarioTaxSales.ca
Buying A Foreclosed Home Or Property - A Wise Decision? by Wain Roy

View more tax sale property articles