Messages

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General / Re: SUBJECT TO EXECUTION 99-99999, IF ENFORCEABLE

« on: December 23, 2011, 03:28:06 PM »

Despite all the negative postings I see about OTS (but not from a wide variety of readers), I am completely satisfied with their service. In fact, I'd highly recommend it. For the property I bought, OTS had it listed 3 weeks before this site. That's a huge window of time if you are going to go and see the site in person....and all the TSP regulars say every bidder should be personally visiting their prospective bidding properties. This site is great, and as a member, you get way more than you pay for, but if someone is going to look at tax sales at all seriously, you are best off with having a full time team of people doing some leg work for you.  The Ontario Tax Sales business is a tiny investment for the people with an interest in buying a tax sale property.

Back to the subject at hand:
Earlier in this string, "OTS Jeff" identified their policy (and support) on the issue of "SUBJECT TO EXECUTION...".  Sure enough, here I am three weeks later, with a copy of the abstract showing that all the liens and executions were removed by the registry office.  This was all because of a followup by OTS...and it's part and parcel to their commitment to help members get nits like this cleared up. On the other hand, my first thought was that I was going to have to get this fixed myself.....and that only meant lawyer time.  I suspect that if it went easy, it would have been $200 of lawyer cost. How much is the relief of a clean property description worth? 

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General / Re: SUBJECT TO EXECUTION 99-99999, IF ENFORCEABLE

« on: December 09, 2011, 09:53:27 PM »

Fortunately, I'm an OTS member and I did purchase the OTS title search.  As I mentioned above, the registry office would barely speak to me.  Although an incident like this may be rare, to me, the support from OTS on this issue is a huge value.

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General / Re: SUBJECT TO EXECUTION 99-99999, IF ENFORCEABLE

« on: December 07, 2011, 02:11:34 AM »

I recently won a tax sale and the description of the property ALSO includes the text "SUBJECT TO EXECUTION 99-99999, IF ENFORCEABLE" - but with a real lien number.  It turned out the the lien was from Ontario Legal Aid which is not a crown corporation so it doesn't transfer.  However, in processing the land transfer form, the treasurer at the municipality is keeping it on the description.  I called him to ask why he's looking for me to sign for a description that is not accurate, and he said that is between me and the registry office. The lien is in the description that exists now, and so he says he needs to keep it intact to transfer.
I phoned the registry office and they said they couldn't comment.  They asked what my barrister suggested and when I said I was just looking for the description to accurately reflect the property, they said property descriptions are updated by registry officers upon processing. 
I have to figure that since the township hired Realtax Inc to process this stuff, they can do this in a knit.  I have the feeling that once things get set, they are hard to get corrected and cost lawyer money...which just seems unneccesary for this.

Any suggestions would be appreciated.  Thanks

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General / SUBJECT TO EXECUTION 99-99999, IF ENFORCEABLE

« on: October 26, 2011, 03:38:03 AM »

I've been following taxsaleproperty.org for years....learning by absorbing what you gents have to say, but I've never seen a reference to "SUBJECT TO EXECUTION 92-009999, IF ENFORCEABLE".  I made up the numbers for the example, but what is it referring to?   Is it a lien?  If so, why would a city/township bother posting it?
Thanks

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Property Information / Re: Another car/gas station at Clarington-Occupied

« on: March 04, 2011, 05:46:03 AM »

"Dumb Greeks own it--"

What's with the racism on a tax sale forum?