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General / Reassurance
« on: May 24, 2006, 04:33:59 AM »
HI,
Oki, so I found a property I like. I went and have seen it. It's nice. I also had done a title search. They owe a few thousands in tax arrears. Is this amount going to be covered by the money paid from the winning bid, or is it on top of the winning bid?
Also I found a recent document Transfer/Deed of Land between family members. They don't pay their taxes and then transfer the land a month before their land gets sold at an auction? Doesn't make sense to me.
What else can I check (other than title search) to complete my DD? Would crown liens be listed in the title search?
Can anyone help out with some answers/comments? It would be great!!!
Thorgal
What would a lawyer do for their fee? Check the title and and what else?
I just need some reassurance that I have researched all before bidding
Oki, so I found a property I like. I went and have seen it. It's nice. I also had done a title search. They owe a few thousands in tax arrears. Is this amount going to be covered by the money paid from the winning bid, or is it on top of the winning bid?
Also I found a recent document Transfer/Deed of Land between family members. They don't pay their taxes and then transfer the land a month before their land gets sold at an auction? Doesn't make sense to me.
What else can I check (other than title search) to complete my DD? Would crown liens be listed in the title search?
Can anyone help out with some answers/comments? It would be great!!!
Thorgal
What would a lawyer do for their fee? Check the title and and what else?
I just need some reassurance that I have researched all before bidding