Messages

1

General / Re: Abandonned House

« on: August 23, 2007, 02:30:47 PM »

 Crown Liens can be wiped out if they're paid off!!  Is it that simple? Would love to hear more comments and advice on this. Would the property eventually be up for Sherif Auction?

2

Questions and Answers / Re: Oro-medonte properties

« on: November 17, 2006, 03:43:00 PM »

Folks: Posting Update. I have just received an email from "Sacks Pollack Receivers Inc"  The Charge  is a registered mortgage on property "B"
Robert

3

Questions and Answers / Re: Oro-medonte properties

« on: November 17, 2006, 03:06:19 PM »

Good Day All.. I haven't Posted here in a while and sort of been "sitting in the bush" learning along the way, bidding too, but yet to be successful.
   I took a drive yesterday to Oro and checked out 3 of the 4  properties for sale. Property "A" has been cancelled by the municipality. Property "B" has a Charge/Mortgage as discussed in the other postings. I was able to do a bit of sluthing so far and came up with a web site address www.sackspartnership.com. same address and suite number listed on the Charge/Mortgage of land. I have Emailed them, but yet to get a replie. Property "C" is a wooded lot, flat and level in the hamlet of "Foxmead". Property "D" is a sloping lot from the road, Moderate  grade, great location next to the ski hills, Might have some building limitations, Looks to be the only vacant lot left in the neighbourhood. I was able to find a phone number for the creditor listed in the Writ of Execution, but again have not received a replie yet. And Property "E" i did not look at. 
   From My experience, I believe the properties will be cancelled buy the municipality on Monday, or the winning tender  will be about 8 times as much as the minimum tender amount. I'm just a "small fish" but I think my guess is as good as any one else. If you send me a private message I'd be happy to pass on the names and phone numbers I have found.
Good Luck Bidding
Robert

4

Questions and Answers / Re: Activity in GTA

« on: January 24, 2006, 02:55:00 PM »

I haven't experienced the auction process at 40 Dundas Street, still Farley new at this whole process. Is it Sheriff Sale of lands?

5

Questions and Answers / Re: Comprehensive Listings?

« on: January 19, 2006, 02:53:00 AM »

Rye31 The resource I Use is the Government of Ontario Publication "Ontario Gazette" I "google it on the internet. Sheriff Sales and Tax Arrears.  It's free.
Rob aka "mushroom"

6

Questions and Answers / Re: Activity in GTA

« on: January 19, 2006, 02:50:00 AM »

Hi the resource I use is the Ontario Government Publication. "Ontario Gazette"  Just "google" it.  Sheriff Sales And Tax Arrears
Rob

7

Questions and Answers / Re: Trent Hills sale

« on: January 19, 2006, 02:45:42 AM »

Hello All.  Been some slim pickings over the Holidays on tax sales. Good luck to all in the up comming new year. Regarding the Trent Hills properties only one caught  my intrest. Lot 2 South of Albert Street, West of Bridge Street. I forget the municipal address. I decided to take a drive up there, I haven't been to Hastings before, nice pretty town very close to Rice lake and on the Trent/Severn Water-Way.  I took some pictures, the house looked solid from the out side, large lot, plenty of trees, three kids were playing in the front yard, then ran off. Got back into the truck, then a man approached me. He mentioned he saw me taking photos. He looked a bit nervous, and apprehensive. I told him yes and the reason why I was taking pictures. I asked him if he was a tenant or the owner. He was the owner of the property. We talked and he was quite friendly, and forthcomming to some information, he then offered to me to come inside and take a look at the property.  The man was quite forth comming, I told him he had a right to refuse entry onto his property, and he doesn't have to disclose information to me or any one. I accepted his invitation. The house was in quite a mess, and from the bills and papers he had lying around, maybe he was in some sort of financial troubles. The house needed some repairs, but was no means a write off, it needed a good cleaning, painting and some updates, but could of been easily done. I asked if he wanted to sell the property, and he responded "No". I didn't make a bid on the property, I didn't want to get into a long drawn out legal battle over title and eviction, and wasn't sure if I had the resources to win a tender on the property, I figure it would tender out for $60000 to $80000.  I'd like to know if the property owner kept his property, or it was tendered out. I didn't call the municipality to follow up on the sale. Please respond if you have any further information, I'd love to hear.
Rob

8

Member Experiences / Re: Township of Dysart sale

« on: December 10, 2005, 07:10:16 PM »

Frank : The property across the Burnt River was also up for sale for tax arrears, it is fare bit larger property. Just wondering It had a "RU" zoning regulation, what does that mean? Frank Most likely both properties were owned by the same person, but the municipality must sell the parcels separately is that correct?
Frank thanks for your answers and experienced insight.
"ibhayat" the property next door would be worth investigating.
Mushroom aka rob

9

General / Re: question by a rookie

« on: December 07, 2005, 07:30:22 PM »

Hobs:  All that is required to submit a tender is: "Form 7" Municipal Act 2001 Tender To Purchase,  Minimum 20% of your tender amount in the form of a certified cheque/ Bank Draft or money order. The form 7 is easily obtained from the municipal web site.
Rob

10

Member Experiences / Re: Tax Sale property Experiences

« on: December 07, 2005, 01:48:35 AM »

Good morning Rob

I can't help but send something in on the Gravenhurst property, since mine was the winning bid.  My wife wanted to bid $83m and I wanted to go #93m (I figured it would go for around $110 since the property two over from it - similar - is for sale for $169m).  I know the lake and have friends on it, therefore I was extra motivated on it.  Assessments are low since it is considered a backlot, but for $200 bucks a year into a co-operative which owns and maintains a tennis court and large dock for property owners' use it is really a water-front lot (you have to know the area to understand).  Great fishing in this lake as it is connected to the Severn.  

Anyhow, we stopped at the casino on the way in order to settle our dispute over the bid amount.  I placed $20 in a machine, if I lost it then my wife's bid amount went in, if I won then mine would be it.  I came out $37.75 richer and therefore included it in my bid amount.  Hokey, but it worked.  There is no real answer to how much to bid, just don't go over what the property is really worth, or you lose anyways even if you get it.

Better luck next time, remember 'go big or stay home'.  Ironically, that said, there were two properties that went for minimum bid amounts since there were no other bids.  

Frank

Congagulatons Frank  and thanks for the interesting and humous reply back. Good thing you won at the casino that day. I can see now motavation plays a huge part in placing bids as in your case, and of course doing your home work, on the real-estate market in the area.
Enjoy the property Frank
Robert

11

Member Experiences / Tax Sale property Experiences Gravenhurst/McMurrich

« on: December 05, 2005, 10:16:14 PM »

Robert,

The property in Gravenhurst that went for $93,037 was vacant land, but it had a view of the water and was also deeded part of a 'common area', with a large dock and tennis courts.  Below is a link to a cottage for rent that is about 3 properties over from the one that was sold.  I had bid on the property, but was a fair bit below the 93k mark.  nice property, high and dry with a fairly good view

http://www.cottageholidays.ca/cottage-397.html


Do you know what the properties in McMurrich went for?  I was interested in the 100acres with road frontage, but it got redeemend.

Tim

Hi Tim Thanks for the reply to my posting.  I placed a bid on the two 100 ac properties in Mcmurrich. The Property on the year-round road was canceled before the tender date. It was actually a "corner lot" bounded by Fourth Ave and Yearly Road. And it was Assessed for $28000. The second 100 ac property was tendered out for $40500 with about fifty tenders submitted, the Township told me the property was assessed for $48500. It is located at the end of seasonal Appleyard Road. Interesty the second property was purchased way back in 1917 for tax arrears of $26.17! I remember driving on highway 518 to Sprucedale from Parry Sound, the highway was completely snowcovered, thank goodness I had 4 wheel drive, the highway was very twisty, it was a fun drive, the only wildlife I seen was two hunters. Very nice country up there and if I was to win one of those tenders I was tempted just to keep the land for my self rather than sell it for profit. Those were the only properties that I bid on, there were two other smaller properties that I didn't bid on and and I don't have any thing to tell you about.
Tim Thanks for the link on your reply. In the aerial photo, was the property that was tendered. Very nice, It makes more since now the winning bid of $93037. Tim; one question about the Gravenhurst property: Where did you find the information about deeded "common Area"? Was the property part of a condominium arrangement? Maybe it was something I over looked. That information could be very useful to me since I'm still fairly novice at this, and I wanna make sure all bases are covered.
Thanks again Tim and good luck with the next bid.
Robert

12

Member Experiences / Tax Sale property Experiences

« on: December 01, 2005, 08:45:57 PM »

Hello all. Interesting web site. This can be a valuable resource for the beginner and experienced tax arrears purchaser. I'm hoping to gain some advice and learn from other peoples experiences. Firstly searching for title and liens on a property is relatively easy and is inexpensive. I have attempted a few tenders on my own, with out any results.  I have made tender bids on properties in Gravenhurst, Township of Georgian Bay,  Township Of Minden Hills and township of Mcmurrich/Montieth. I am a conservative bider, a few properties I have made a more serious bid, my strategy is hoping to "luck out" and win a tender.  Seams that I'm way off! One instance of a property in Gravenhurst tendered out for $93037! The next highest bid was $92000. The property was only assessed at $42000! Minimum tender amount was $6860. My question is what did I miss? mind you I have bid-ed with out visiting the property, it was vacant land, not even on a lake. Another example one property in the Township Of Georgian Bay was tendered out for $15002!  Do we have "teams" of people, lawyers and re-estate agents out there making bids? Tenders are in sealed envelopes, whats going on with these winning tender amounts? Forgive me people for my spelling I'm a slave to spell check. Any advice and previous experiences I'd love to hear from you.
Robert aka mushroom