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Questions and Answers / Re: Crown Lien
« on: March 24, 2006, 11:34:53 PM »
Everything that I have read indicates that liens credited to the Crown remain with the title.
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Questions and Answers / Re: Liens
« on: February 15, 2006, 08:39:56 PM »
Well I did indeed hear back from the Ministry this morning and again they simply quoted the Municipal Act subsection 7 which Frank kindly posted here yesterday.
It would therefore seem like all of the Ministry is not on the same page, since I was told earlier in the week by one employee at the Ministry that certain liens on tax sale properties could be carried over following the sale and that it would depend on the size of the lien.
Well again, not so according to the info. I received this a.m. from a technical expert at the Ministry - Titles and Surveys office.
Only federal and provincial government liens remain with the property.
This situation arose ironically with a sale taking place just about this time - 3:30 Wed., as I create this message.
It had to do with a property advertised in Caledon, I think it's about 44 or 49 acres. Taxes owning are about $21,900 more or less.
My search of the title indicated a lien of 2.5 million dollars (again more or less) registered against the owner, (a numbered Ontario Corp), and the property, in favour of Elliot Lake Pharmacy Limited.
It will be most interesting to find out what happens with this property.
Anyone that has or gets any info. I and I'm sure all other readers would be most interested in hearing about it.
Cheers
It would therefore seem like all of the Ministry is not on the same page, since I was told earlier in the week by one employee at the Ministry that certain liens on tax sale properties could be carried over following the sale and that it would depend on the size of the lien.
Well again, not so according to the info. I received this a.m. from a technical expert at the Ministry - Titles and Surveys office.
Only federal and provincial government liens remain with the property.
This situation arose ironically with a sale taking place just about this time - 3:30 Wed., as I create this message.
It had to do with a property advertised in Caledon, I think it's about 44 or 49 acres. Taxes owning are about $21,900 more or less.
My search of the title indicated a lien of 2.5 million dollars (again more or less) registered against the owner, (a numbered Ontario Corp), and the property, in favour of Elliot Lake Pharmacy Limited.
It will be most interesting to find out what happens with this property.
Anyone that has or gets any info. I and I'm sure all other readers would be most interested in hearing about it.
Cheers
3
Questions and Answers / Re: Liens
« on: February 14, 2006, 10:42:36 PM »
Thanks for your input and insight Frank.
So you like myself, stand by our interpretation of 7 - 379, of the Municipal Act.
Our interuption being that only Crown liens/claims remain with a property following a tax sale and all other liens/claims by private individuals and corporations are null and void, irregardless of their amount or interest.
Let's hope we are correct. I'm still waiting for the call back from the technical expert at the Ministry of Consumer Services - Title and Surveys office.
I'll let you know what they have to say.
Cheers.
So you like myself, stand by our interpretation of 7 - 379, of the Municipal Act.
Our interuption being that only Crown liens/claims remain with a property following a tax sale and all other liens/claims by private individuals and corporations are null and void, irregardless of their amount or interest.
Let's hope we are correct. I'm still waiting for the call back from the technical expert at the Ministry of Consumer Services - Title and Surveys office.
I'll let you know what they have to say.
Cheers.
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Questions and Answers / Liens
« on: February 14, 2006, 07:38:23 PM »
It would appear from some discussion that I have had with the Ministry of Consumer Services, that some liens on properties, other than those of the Crown, may remain on the property after a tax sale.
However, I am having some difficulty in getting some clarification on the situation. (Waiting for call backs from technical experts at the real property office of the Ministry)
In the meantime, does anyone else have any insight into this potential obstacle?
Cheers.
However, I am having some difficulty in getting some clarification on the situation. (Waiting for call backs from technical experts at the real property office of the Ministry)
In the meantime, does anyone else have any insight into this potential obstacle?
Cheers.
5
Questions and Answers / Trent Hills sale
« on: January 17, 2006, 03:21:47 AM »
Does anyone have any info. on the status, or outcome/results or know anything about the sale of the properties in Trent Hills on January 10th?
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