Messages

1

General Discussion / Re: Island property in Gravenhurst Muskoka

« on: March 12, 2020, 04:12:47 PM »

I'm not sure it was fear mongering, Stephen owes the Queen a big hunk o' cake.    This would have been a very expensive mess for the high bidder.

2

General Discussion / Re: Georgian Bluffs

« on: February 08, 2020, 05:24:30 PM »

There's too much money chasing too little product, which is probably why the wise old men on this site have been so quiet lately.  This article from Manitoulin Island says it all, Toronto money is messing up the entire Ontario market.

https://www.manitoulin.ca/island-real-estate-market-has-been-booming/

3

Announcements / Re: Oshawa Results - April 16, 2015

« on: April 20, 2015, 01:51:20 AM »

Wonder if the high bidder for Stevenson drove home thinking-wow, the (similar) property next door was listed last month for $895K for land value only, the area is slated for future development by the region of Durham and the 407 will be coming through just to the north, I hope they don't redeem.

What may seem expensive (or excessive) to most of us is business as usual for some.

4

General Discussion / Re: Sherrifs Sale Whitby

« on: March 31, 2015, 03:26:38 AM »

The explanation starts on page 14...

http://davidfreedman.ca/wp-content/uploads/2013/06/7-Complex-Motions.pdf

I think there's some (Auto)poetic justice in the Nigerian government getting scammed online!

5

General Discussion / Re: Gravenhurst - approximate value?

« on: May 07, 2012, 11:56:46 PM »

Hey Dave,

Sorry for the confusion, I think the point you're referencing is from the quote I put in there from November 2010, it wasn't mine.  Glad to hear things are going well in other areas though, tax sales have definitely become more challenging in the last ten years.

6

General Discussion / Re: Gravenhurst - approximate value?

« on: May 07, 2012, 08:31:58 PM »

Chris,

From one neophyte to another, you've broken the golden rule of tax sales-never speak to the owner, neighbour, local RE agent or anyone else that could be a local threat.  See below, it's a good read.  If you search "talking to the owner" you'll see lots of good information about keeping things on the DL. 

Just a personal note to the whales in the room though, the reason there isn't much input from newbies is probably a result of responses like this.  It's a little harsh for a guy that obviously just made a rookie mistake.  Chris doesn't seem dense like Les was (I miss Les-please come back), and I'm sure he's here to benefit from the knowledge available.  Everyone has to be new once, cut us a bit of slack.  We can't all come into the game knowing all the rules that have taken you years to learn, and there's no playbook that tells new members to read all previous posts before doing anything.  Of course that's just my two cents...

 

--------------------------------------------------------------------------------


Quote from: 26.2 on November 29, 2010, 06:47:37 PM

Les.  It is one of the golden rules of tax sale junkies.  Never never ever ever contact the owner.
Here is an earlier quote in regards to this matter and there are a lot more if you read past forums.


Quote

Pfm1011
Platinum
*****

Karma: +62/-6
[applaud] [smite]
Posts: 713


View Profile Personal Message (Offline)
   
   
Re: Title and execution searches
? Reply #8 on: July 31, 2008, 03:46:17 AM ?
   Reply with quoteQuote
#1 Never, EVER approach the current owner or their immediate neighbours - that could jeapardize things in a number of ways

Almost every sale there is someone on here " I was talking to the neighbour..bla bla bla"    I  just wish I could hit people with baseball bats thru the internet

Don't talk to local real estate about the property. It's fine to talk to an agent, but don't spill the beans about a property that might go for cheap. They're the first ones that will buy it and flip it.. or tell their friends to buy it. They know the local market.

You might as well ask a Great White shark if the lagoon is safe to swim in.


Also here is a link to a thread on "talking to the owner".
http://taxsaleproperty.org/forum/index.php?topic=1081.0

Holy sh&t. I pretty well forgot about this thread. It does make for a compelling read, doesn't it.

btw, I see a current record of over 500 views in a day - up 500% over last year, but it seems that Frank, PFM and Dave2 have disappeared. Are the big boys still here?
 

7

Announcements / Re: Moody's sees continuing declines in US house prices

« on: April 12, 2012, 02:30:01 AM »

According to OTS 10 bids, $157K

8

Property Information / Re: Tehkummah

« on: April 24, 2011, 10:21:10 PM »

Very ugly.  Do you know if they received any tenders?

9

Property Information / Re: Tehkummah

« on: April 24, 2011, 04:29:33 AM »

It's a teardown.  Old motel, been vacant for 10+ years.  Right in the heart of downtown South Baymouth though...

10

Property Information / Re: Collingwood...the queen seems to be interested

« on: August 21, 2010, 04:24:09 AM »

Baller, you must be "challenged" if you're complaining that PFM saved you at trip to Collingwood or a couple hundred bucks for a title search, etc... to find out this piece of property isn't worth the trouble.  Those of us new to the forum can learn a ton from the stuff that falls off the "old guys" plates.  Three smites on your first day are well earned.

11

Questions and Answers / Re: HASTINGS HIGHLANDS

« on: July 27, 2010, 11:25:29 PM »

Great property if you're a goat, otherwise....

12

Questions and Answers / Re: HASTINGS HIGHLANDS

« on: July 24, 2010, 05:43:37 PM »

The property is on the side of a (small) mountain and looks unbuildable.  Probably 200' to the top, starting almost at the road.

13

Questions and Answers / Re: HASTINGS HIGHLANDS

« on: July 13, 2010, 03:16:11 AM »

I'm heading up there later next week if you can wait until then.

14

Properties for sale / Re: Real Estate Consolidates

« on: July 08, 2010, 04:37:44 AM »

Banditos-ride!