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Property Information / Re: 123 queen Mary
« on: April 21, 2010, 02:50:28 AM »
How did you find out that it sold for $65K ?? No way it would have been on the Land Titles System that fast ... or would it ??
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Property Information / Re: Otawa
« on: November 19, 2009, 02:22:56 PM »
Don't have all results but for these ones
#3 - 470 Laurier Avenue - $217K
#4 - 1336 Leaside Avenue - $212K
#9 - Vachon St - $150K
I was not there, so I do not know what 2nd place came in at.
This was the first time I EVER bid and I was no where near those amounts. I think they are high. 470 Laurier normally would sell for around $230-250K. Leaside would sell up to $300K+ - there was a similar one across the street listed last year at $350K but it did not sell as it was priced too high. Vachon - no idea of what normal price would have been.
The day before nothing was redeemed. I placed my bid on Tuesday and I can say the whole experience was very exciting. Not sure how all of you experienced dudes are picking up properties at 30-40cent on the dollar. But I will definitely try again next year - who knows I might get lucky :-)
#3 - 470 Laurier Avenue - $217K
#4 - 1336 Leaside Avenue - $212K
#9 - Vachon St - $150K
I was not there, so I do not know what 2nd place came in at.
This was the first time I EVER bid and I was no where near those amounts. I think they are high. 470 Laurier normally would sell for around $230-250K. Leaside would sell up to $300K+ - there was a similar one across the street listed last year at $350K but it did not sell as it was priced too high. Vachon - no idea of what normal price would have been.
The day before nothing was redeemed. I placed my bid on Tuesday and I can say the whole experience was very exciting. Not sure how all of you experienced dudes are picking up properties at 30-40cent on the dollar. But I will definitely try again next year - who knows I might get lucky :-)
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General / Re: Non-vacant Property
« on: November 19, 2009, 12:42:16 PM »
Excellent idea. Thank you for sharing with us
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Questions and Answers / Why do we do execution searches?
« on: November 11, 2009, 01:15:13 AM »
I am new and have started reading posts on the site but it will be months before I get thru the majority of them - if I ever do...
I have seen people say to make sure you do the title search for things like crown liens, etc. But I do not understand the purpose of the execution search. I thought the tax sale wiped out all other "liens" against the property except crown liens. So why do we do execution searches as well ??
Also if there is a condo lien and a tax sale, is the condo lien still effective? I mean does it survive the tax sale ?
I have seen people say to make sure you do the title search for things like crown liens, etc. But I do not understand the purpose of the execution search. I thought the tax sale wiped out all other "liens" against the property except crown liens. So why do we do execution searches as well ??
Also if there is a condo lien and a tax sale, is the condo lien still effective? I mean does it survive the tax sale ?
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Property Information / Re: Otawa
« on: November 11, 2009, 01:05:11 AM »
Thanks for the information Frank. I would not have even thought of that possibility. If it is going to be worth a lot of coin SOMEDAY - why not purchase the land that is next to it and locking it in and then selling the two properties as one big lot TODAY? But you have probably already considered that .... I read several posts on the site before I ventured into my first post and was always impressed with your answers. Very helpful and you hold back from personal attacks.
Really glad I read the post on approaching owners (or actually the post on NOT doing that). Being a complete begininer, I would have thought it was a good idea and ruined things for everyone. I might have posted the same question myself it I had not seen it here. With the amount flack the poster recevied, I was hesitant about posting ANY questions or I might get reemed.... especially from the pfm dude - he does not hold back at all !!
Really glad I read the post on approaching owners (or actually the post on NOT doing that). Being a complete begininer, I would have thought it was a good idea and ruined things for everyone. I might have posted the same question myself it I had not seen it here. With the amount flack the poster recevied, I was hesitant about posting ANY questions or I might get reemed.... especially from the pfm dude - he does not hold back at all !!
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Property Information / Re: Otawa
« on: November 10, 2009, 05:25:11 AM »
This one is also a little strip of land - corner of Westpark and Bearbrook road - irregular shape and cannot really build on it
Wonder if it was put up on previous auctions ?
8. Description of Land: PT BLK D, PL 805; EXCEPT PLAN
876 & N538315; S/T GL79671,
GL79675, GL80120 GLOUCESTER
3132.00 SF 75.08 FR 108.18 D
PIN: 04746-0648 (LT)
Municipal Address: 0 Westpark Drive
Roll No. 0614.600.185.00503.0000
Minimum Tender: $17,334.79
Wonder if it was put up on previous auctions ?
8. Description of Land: PT BLK D, PL 805; EXCEPT PLAN
876 & N538315; S/T GL79671,
GL79675, GL80120 GLOUCESTER
3132.00 SF 75.08 FR 108.18 D
PIN: 04746-0648 (LT)
Municipal Address: 0 Westpark Drive
Roll No. 0614.600.185.00503.0000
Minimum Tender: $17,334.79
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