Ontario Tax Sale Property Forum

*
Welcome, Guest. Please login or register.

Login with username, password and session length
 

News:

Tax List Property Listings Forum


  • Home
  • Help
  • Search
  • Calendar
  • Login
  • Register
  • Ontario Tax Sale Property Forum »
  • Tax Sale Forum »
  • Questions and Answers »
  • What to do if the owners still occupy a tax sale?
« previous next »
  • Print
Pages: [1]

Author Topic: What to do if the owners still occupy a tax sale?  (Read 23986 times)

0 Members and 1 Guest are viewing this topic.

mexicanretriever

  • Newbie
  • *
  • Posts: 1
  • Karma: 0
    • View Profile
    • Email
What to do if the owners still occupy a tax sale?
« on: February 06, 2010, 01:53:09 PM »
I'm thinking of putting in a bid on the Strathroy property, and am new to the tax sale process. The current owners are living in the house, so what happens if I'm the successful bidder? I'm not crazy about the idea of kicking people out of their own home, but my understanding is the municipality is going to get the property anyway if no one bids.

I'm guessing I then have to hire a bailiff to evict them from the property? Do they have any squatter's rights? And what happens to their mortgage?

I'd appreciate any insight any of you can offer so I don't go into this naively and lose a lot of money that I can't afford to lose.

Mike
Logged

Jayz

  • Advanced
  • ******
  • Posts: 255
  • Karma: 14
    • View Profile
    • Email
Re: What to do if the owners still occupy a tax sale?
« Reply #1 on: February 06, 2010, 03:12:32 PM »
If a property is still occupied by the owner when it's up for tax sale, chances are it'll be redeemed, so is this one as we speak.

If a property does get sold and the owner still occupies it, there are some other good discussions about it on this board, such as this one

http://taxsaleproperty.org/forum/index.php?topic=109.0
Logged

  • Print
Pages: [1]
« previous next »
  • Ontario Tax Sale Property Forum »
  • Tax Sale Forum »
  • Questions and Answers »
  • What to do if the owners still occupy a tax sale?
 

  • Powered by SMF 2.0.19 | SMF © 2006-2009, Simple Machines LLC
  • XHTML
  • RSS
  • WAP2

Page created in 0.101 seconds with 23 queries.