Category Archives: Tax Sale Properties

Sale of Land by Public Tender, Cobalt – Ontario

sale of land by public tender

take notice that tenders are invited for the purchase of the Sale of Land by Public Tender, Cobalt – Ontario land described below and will be received until 3:00 p.m. local time on May 4, 2017, at the Cobalt Municipal Office, 18 Silver Street, Cobalt Ontario

Sale of Land by Public Tender, Cobalt - Ontario

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Cobalt Municipal Office, 18 Silver Street, Cobalt.

Description of Land(s):

Roll No. 54 08 000 007 11600 0000; 41 Prospect Ave, Cobalt; PIN 61386-0138(LT); Parcel 18440 Section SST; Lots 253 to 256 Plan M47NB Coleman; Cobalt; District of Timiskaming. File No. 15-06

Minimum Tender Amount:
$22,877.68

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Cassandra Beaudoin
Junior Clerk
The Corporation of the Town of Cobalt
18 Silver Street
P.O. Box 70
Cobalt ON P0J 1C0
705-679-8877
cobalt@ntl.sympatico.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

 

 

 

 

 

 

 

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Tax sales in Nova Scotia

Nova Scotia Tax sale properties 2015

Tax sales in Nova Scotia: Visit the municipality below to find out about current or upcoming tax sales in the Nova Scotia region of Canada.

http://www.halifax.ca/revenue/tax/taxsale.html

http://www.westhants.ca/tax-sale-info.html

http://www.cumberlandcounty.ns.ca/tax-sale.html

http://www.chester.ca/administration/tax-sales.html

http://www.county.kings.ns.ca/business/taxsales.aspx

https://www.easthants.ca/content/tax-sale

http://www.modl.ca/component/search/?searchword=tax%20sale&searchphrase=all&Itemid=101

http://www.district.yarmouth.ns.ca/index.php/municipal/taxation-/property-tax-sale

http://www.novascotia.ca/snsmr/pdf/mun-MGA-resource-binder-3-2-tax-collection-guide.pdf

http://www.portcoquitlam.ca/City_Hall/Property_Taxes_and_Billings/Annual_Property_Tax_Sale.htm

http://www.town.windsor.ns.ca/tax-sale-stephens-yeatons-property.html

http://www.regionofqueens.com/finance/tax-sales

http://www.bridgewater.ca/finance-and-administration/

http://www.newglasgow.ca/departments/corporate-services-finance/tax-sales

http://www.townofpictou.ca/tax_sale.html

 

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements

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Sale of land by Public Tender, Leamington – Ontario

municipal act, 2001
May 10,,2017 Ontario Tax Sale properties Leamington
sale of land by public tender

The Corporation of the Municipality of Leamington


take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on May 10, 2017, at the Leamington Municipal Building, 111 Erie Street North, Leamington Ontario.The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Leamington Municipal Building, 111 Erie Street North, Leamington.

Description of Land(s):

Roll No. 37 06 580 000 05700 0000; 273 Mersea Road 15, Leamington; PIN 75098-0146 (LT); Part Lot 233 Concession South Talbot Rd Mersea as in instrument R446356; Leamington. File No.15-19

Minimum Tender Amount:$20,224.51

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. If your deposit is made by way of cash, or by way of a draft, office or certified cheque by a credit union, your tender will be rejected. Responsibility for ascertaining these matters rests with the potential purchasers.

The land was previously advertised for a sale to be held on the 8th day of March, 2017 but the sale was postponed.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

A fee of $10.00 + HST will be charged for each tender package.

For further information regarding this sale and a copy of the prescribed form of tender, visit: http://www.OntarioTaxSales.ca or if no internet access available, contact:

Dolores Jeffery
Tax Clerk
The Corporation of the Municipality of Leamington
111 Erie Street North
Leamington ON N8H 2Z9
519-326-5761 Ext. 1213
http://www.leamington.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

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Sale of land by Public Tender, Trent Hills – Ontario

municipal act, 2001

Ontario Tax Sale properties Trent Hills
sale of land by public tender

The Corporation of the Municipality of Trent hills

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time Wednesday, May 10, 2017 at the Municipal Office, 66 Front Street South, Campbellford, Ontario.

The tenders will then be opened in public on the same day at the Municipal Office, Campbellford.

Sale of land by Public Tender, Trent Hills – Ontario

Description of Land(s):

1. Roll 1435-134-060-12751

Part Lot 21 Concession 11 Seymour

as in NC365592; Trent Hills, County of Northumberland

PIN 51208-0312 LT

Minimum Tender Amount:
$4,668.66

2. Roll 1435-229-040-03608

Part Lot 9 Concession 10 Percy as in NC292589;

Trent Hills, County of Northumberland

PIN 51219-0655 LT

Minimum Tender Amount:
$7,414.06

3. Roll 1435-229-040-13321

Part Lot 3 Concession 8 Percy Part 119, RDCO104,

S/T Right in CL58897; Trent Hills,

County of Northumberland

PIN 51219-0435 LT

Minimum Tender Amount:
$2,459.37

4. Roll 1435-229-040-13402

Part Lot 4 Concession 8 Percy Part 198, RDCO104, T/W

CL103962; Trent Hills, County of Northumberland

PIN 51219-0509 LT

Minimum Tender Amount:
$2,498.07

5. Roll 1435-100-080-09300

Lot 17, Block 22, Plan 112 formerly Town of

Campbellford; Trent Hills, County of Northumberland

part of PIN 51199-0257 (R)

Minimum Tender Amount:
$5,665.17

6. Roll 1435-100-080-09310

Lot 18, Block 22, Plan 112 formerly Town of

Campbellford; Trent Hills, County of Northumberland

part of PIN 51199-0257 (R)

Minimum Tender Amount:
$5,698.33

7. Roll 1435-100-080-09320

Lot 19, Block 22, Plan 112 formerly Town of

Campbellford; Trent Hills, County of Northumberland

part of PIN 51199-0424 (R)

Minimum Tender Amount:
$5,691.17

8. Roll 1435-100-080-09330

Lot 20, Block 22, Plan 112 formerly Town of

Campbellford; Trent Hills, County of Northumberland

part of PIN 51199-0424 (R)

Minimum Tender Amount:
$5,724.33

9. Roll 1435-229-040-13301

Part Lot 3, Concession 8 formerly Percy

Township designated as Part 99 on RDCO104;

Trent Hills, County of Northumberland

PIN 51219-0552 (R)

Minimum Tender Amount:
$4,158.36

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Janice West
Tax Collector
The Corporation of the Municipality of Trent Hills
PO Box 1030
Campbellford ON K0L 1L0
(705) 653-1900 Ext 230

Valerie Nesbitt
Treasurer
The Corporation of the Municipality of Trent Hills
PO Box 1030
Campbellford ON K0L 1L0
(705) 653-1900 Ext 232

Jim Peters
Director of Planning
The Corporation of the
Municipality of Trent Hills
PO Box 1030
Campbellford ON K0L 1L0
(705) 653-1900 Ext 234
Or Visit our Website at: http://www.trenthills.ca
to obtain a copy of the Tax Sale Package.
Packages are also available for pick up at the Municipal Office

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

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Sale of land by Public Tender, Frontenac Islands – Ontario

municipal act, 2001

Ontario Tax Sale properties Frontenac Islands

sale of land by public tender
The Corporation of the Township of Frontenac Islands

take notice that tenders are invited for the purchase of the Sale of land by Public Tender, Frontenac Islands Ontario and will be received until 3:00 p.m. local time on May 4, 2017, at the Township of Frontenac Islands Municipal Office, 1191 Road 96, Wolfe Island Ontario.
Sale of land by Public Tender, Frontenac Islands Ontario
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Municipal Office, 1191 Road 96, Wolfe Island.

 

Sale of land by Public Tender, Frontenac Islands Ontario

Description of Land(s):

Roll No. 10 01 010 030 04700 0000; PART OF PIN 36316-0079(R); Part of the East Half Lot 2 Concession 10 and Part of Lot 2 Concession 11, South of the Baseline, designated as Parts 1, 2 and 4 on Reference Plan 13R-7665, in the Geographic Township of Wolfe Island, in the Township of Frontenac Islands, in the County of Frontenac. Subject to a Right-of-Way in common with others entitled thereto over, along and upon Part 1 on Reference Plan 13R-7665 as in Instrument No. FR462990; File No. 14-02

Minimum Tender Amount:
$40,103.16

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Carol Dwyre
Deputy Treasurer
The Corporation of the Township of Frontenac Islands
1191 Road 96
P.O. Box 130
Wolfe Island ON K0H 2Y0
613-544-6348 (Howe Island office); cdwyre@kos.net
613-385-2216 (Wolfe Island office); dplumley@kos.net

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

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Reserve your seat now at
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Sale of Land by Public Tender, Perth East – Ontario

municipal act, 2001
May 3,,2017 Ontario Tax Sale properties Perth East
sale of land by public tender

The Corporation of the Township of Perth East

take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on May 3, 2017, at the Perth East Municipal Office, 25 Mill St. East, Milverton Ontario.
Sale of Land by Public Tender, Perth East - Ontario
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Perth East Municipal Office, 25 Mill St. East, Milverton.

Description of Land(s):

Roll No. 31 10 320 004 13000 0000; 8468 Line 86, Listowel; PIN 53050-0024(LT); Part Lot 7, Concession 14 Mornington, as in R354026; Perth East; File No. 09-13

Minimum Tender Amount:
$41,160.01

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Loretta Wicke
Property Tax Clerk
The Corporation of the Township of Perth East
PO Box 455
25 Mill St. East
Milverton ON N0K 1M0
519-595-2800 ext. 228
http://www.pertheast.on.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Sale of Land by Public Tender, Perth East - Ontario

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Alberta Public Sale of Lands

Alberta Public Sale of Lands
Municipal Government Act

Alberta Public Sale of Lands is governed by  Municipal Government Act (MGA) is one of Alberta's largest pieces of legislation and helps guide how our municipalities operate.

This 500-page act governs 349 municipalities across the province; from a summer village with a population of 10, to a big city such as Edmonton with a population of over 840,000

Continue reading Alberta Public Sale of Lands

Missing a mortgage payment in Canada

Missing a Mortgage Payment in Canada

missing-a-mortgage-payment-in-canada

Missing a mortgage payment in Canada is a serious matter. The reason a Canadian homeowner goes into foreclosure or power of sale is important for all to understand. As a Canadian homeowner one can be prepared for such a situation as the aforementioned, and as a Canadian professional real estate investor, one can be informed as to what causes foreclosure or power of sale and how to be of service. Death, job loss, medical expenses, and divorce are a few of the most common reasons Canadians face foreclose or power of sale on a home. These factors are real and an everyday part of society.

Falling behind on your payments can trigger power of sale process in Ontario. According to the Ontario Mortgage act 'Where a mortgage by its terms confers a power of sale upon a certain default, notice of exercising the power of sale shall not be given until the default has continued for at least fifteen days, and the sale shall not be made for at least thirty-five days after the notice has been given'  R.S.O. 1990, c. M.40, s. 32.

Missing a mortgage payment in Canada and cash flow issues going on and Canadian home owners try to juggle and decide which debts to repay. It’s tough but can be worked out.

Canadian Homes: Foreclosure or Power of Sale?

Both circumstances are a legal process designed to provide the Canadian lender an option to sell the property in the event the Canadian homeowner defaults or misses several payments.

Foreclosures in Canada involve the judiciary system, making it a much slower process which can take up to 6-10 months to resolve. We see foreclosures most commonly in Nova Scotia, Saskatchewan, Manitoba, Quebec, Alberta, and British Columbia.

Power of Sale, on the other hand, is much quicker. In some cases the power of sale can happen within weeks, but you will generally have a 35 day redemption period. This means you will have 35 days after being served notice to pay all your debts (including incurred fees) and get thing back on track. Power of Sale is currently being seen frequently in Ontario, Newfoundland and Labrador, New Brunswick, and Prince Edward Island.

What can you do about missing a mortgage payment?

Option 1: Contact your lender or bank as soon as possible1

Canadian lenders would always prefer not to go through the foreclosure or power of sale process. Their goal is to safeguard their investment and assist Canadian homeowners to find a reasonable and affordable solution.

Canadian homeowners tend to be very reluctant to contact their lenders out of fear and uncertainty.

With the majority of Canadian lenders, being forced out of the home happens only when all efforts and options have been fully explored.

The Canadian mortgage lenders may be able to offer you following four options

  • Change amortization to lower monthly payments
     
  • Switching from a variable rate to a fixed mortgage to provide a consistent payment plan you can budget for without fear of any future interest rate increase
     
  • Refinancing or second mortgage
     
  • There may be an option to add missed payments to the back of your current mortgage

There is limited action the Canadian mortgage lender or bank will take in the early days besides calling you and remind you to pay in time.

Option 2: Ignore and hope it will all will disappear3

Ignoring your oustanding debt will certaintly draw the attention of Canadian lenders and banks. In the long run, cooperation works much better and saves you the cost and hassle for all parties involved.

Option 3: Consolidate all of your debts

The cheapest way to rent or borrow money is with your first mortgage on a principal residence in Canada. Before you stop paying the unsecured debt to make your payments more affordable, make sure you seek out professional advice in order to plan your financing.

Finding a solution to deal with any other debts i.e. credit cards, lines of credit, consolidate loans etc. is all the help people need to obtain a positive cash flow each month and make paying down their debts significantly easier.

One of the key things to look at if you are about to miss a mortgage payment is whether you can afford the house you live in, or whether you’re over-extended on your debt.

If you decide your house is unaffordable then there are essentially two options.

  • Obviously if there is equity in the house, selling the house is the best option.
     
  • If you are in a negative equity situation then this needs to be carefully planned and professional advice is required.
     

4Option 4: Make payments first rather than unsecured debt

The general rule if you want to keep your home is, your mortgage must be the top priority over all of your other debts. You will have many more options to deal with unsecured debt vs. secured debt.

Winnipeg Tax sale properties 2016

Winnipeg Tax sale properties 2016

Tax Sale

A Tax Sale is conducted annually and includes properties with three years of unpaid taxes and penalties (i.e., current year plus the two preceding years). In the City of Winnipeg, the Tax Sale is not a public auction as the City exercises its right, under legislation, to be the sole purchaser of properties listed in Tax Sale. The Tax Sale is the start of a process that may, or may not, lead to the City acquiring Title to the property. What happens, in effect, is that the City purchases the Tax Sale Certificate which, after the passage of one full year from the date of the Sale, will entitle the City to apply for ownership of the property if it has not been redeemed. Should this happen, the City acquires the property for the amount of outstanding taxes. Tax Sale penalty information.

Continue reading Winnipeg Tax sale properties 2016

Purchasing a tax sale property in Ontario

Purchasing a tax sale property in Ontario requires knowledge, experience and legal advice from Ontario’s real estate lawyer specializing in Municipal tax sale properties.

Purchasing a tax sale property in Ontario can be very profitable or your worst nightmare. Professional real estate investors prefer to take proper training and coaching in class and field before purchasing a tax sale property in Ontario.

Continue reading Purchasing a tax sale property in Ontario