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Canadian Real Estate Investment Strategies Apprenticeship (CREISA)

Canadian Real estate investment Strategies Apprenticeship, Apprenticeship, Real estate investors, real estate investments

Canadian Real Estate Investment Strategies Apprenticeship (CREISA)

Canadian Real Estate Investment Strategies Apprenticeship (CREISA) is two  day intensive program where each apprentice whether being a novice or a seasonal investor will learn the fundamentals of investing in real estate with minimum liability and maximum profitability.

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Ontario tax sale properties Windsor

Jul 25,2018 Ontario tax sale properties Windsor sale of land by public tender

The Corporation of the City of Windsor

 

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 on July 25, 2018 at City of Windsor, 350 City Hall Square West, 1st Floor, Windsor, Ontario N9A 6S1. The tenders will then be opened in public on the same day at 3:30pm local time at 400 City Hall Square East, Suite 409, Windsor, Ontario.

Description of Land(s):

1) 2275 Wellesley Avenue

plan 1119 BLK D; john 22NDcentre; educational centre

Registration PIN #: 01323-0299 (LT) Roll # 3739-020-300-12800-0000 Minimum Tender Amount:

$56,627.06

2) 978 Hall Avenue

plan 579 lot 337

Registration PIN #: 01147-0106 (LT) Roll # 3739-030-230-09700-0000 Minimum Tender Amount:

$20,229.86

3) 3521 Queen Street

plan 624 lot 91 N PT lot 92

Registration PIN #: 01255-0233 (LT) Roll # 3739-050-190-11900-0000 Minimum Tender Amount:

$18,327.69

4) 3341-3343 Peter Street

plan 548 lot 18

Registration PIN #: 01253-0044 (LT) Roll # 3739-050-210-02100-0000 Minimum Tender Amount:

$25,519.97

5) 0 Roxborough Boulevard

plan 1325 lot 392

Registration PIN #: 01555-3458 (LT) Roll # 3739-080-620-06600-0000 Minimum Tender Amount:

$4,353.85

6) 0 Curry Avenue

plan 557 PT BLK K: RP 12R13609 parts 9 to 16 Registration PIN #: 01314-0747 (LT) Roll # 3739-080-600-11704-0000 Minimum Tender Amount:

$3,453.82

7) 0 Askin Avenue

plan 989, PT closed alley, RP 12R20883 part 28 Registration PIN #: 01581-0646 (LT) Roll # 3739-080-500-05303-0000 Minimum Tender Amount:

$3,482.72

Ontario tax sale properties Windsor

8) 3661 Queen Street

plan 624 lot 123; N PT lot 124 Registration PIN #: 01256-0140 (LT) Roll # 3739-050-180-07000-0000 Minimum Tender Amount:

$10,506.23

9) 1420 Redwood Avenue

plan 1059 E PT lot 1737; W PT lot 1738 Registration PIN #: 01246-0380 (LT) Roll # 3739-050-440-09800-0000 Minimum Tender Amount:

$22,001.43

10) 1291 George Avenue

plan 754; lot 2 & PT lot 1; plan 630; PT lot 24 Registration PIN #:01098-0283 (LT) Roll # 3739-010-190-16500-0000 Minimum Tender Amount:

$41,024.54

11) 0 Tranby Avenue

plan 835 lots 321 TO 350; PT closed alley PT lots 351 TO 377 PT fairview AVE; parts 4,5,6,7&9 Registration PIN #: 01564-2255 (LT) Roll # 3739-060-300-03001-0000 Minimum Tender Amount:

$75,034.66

12) 273 McEwan Avenue

plan 593 S PT lot 28

Registration PIN #: 01228-0309 (LT) Roll # 3739-050-030-05500-0000 Minimum Tender Amount:

$45,955.64

13) 0 Avon Drive

plan 1361 PT lot 385 & 386

Registration PIN #: 01574-0114 (LT) Roll # 3739-080-110-15601-0000 Minimum Tender Amount:

$9,287.26

14) 3524 Bloomfield Road

plan 1072 PT lot 231

Registration PIN #: 01255-0181 (LT) Roll # 3739-050-190-03400-0000 Minimum Tender Amount:

$15,450.93

15) 1028-1030 Drouillard Road plan 619; lot 20

Registration PIN #: 01095-0062 (LT) Roll # 3739-010-100-09800-0000 Minimum Tender Amount:

$42,763.08

16) 0 Wentworth Street

plan 708 lot 323 TO 325

Registration PIN #: 01264-3992 (LT) Roll # 3739-080-830-31200-0000 Minimum Tender Amount:

$3,251.38

17) 1191 Hickory Road

plan 620; lot 42

Registration PIN #: 01094-0087(LT) Roll # 3739-010-130-04800-0000 Minimum Tender Amount:

$15,346.84

Ontario tax sale properties Windsor

18) 781 Erie Street East

plan 360 lots 249 & 250 &

1007-1011 marentette; corner

Registration PIN #: 01165-0411 (LT) Roll # 3739-030-280-11600-0000 Minimum Tender Amount:

$91,040.42

19) 1405-1409 Langlois Avenue plan 430 lot 17 S PT lot 16; corner Registration PIN #: 01157-0850 (LT) Roll # 3739-030-370-06600-0000 Minimum Tender Amount:

$50,488.94

20) 0 Jarvis Avenue

plan 1472 PT BLK B PT BLK C

Registration PIN #: 01597-0269 (LT) Roll # 3739-060-460-16001-0000 Minimum Tender Amount:

$19,829.68

21) 3190 Locust Court

plan M109 lot 43; irregular

Registration PIN #: 01392-0053 (LT) Roll # 3739-070-970-04400-0000 Minimum Tender Amount:

$32,435.46

22) 340 Crawford Avenue

plan 510 lot 1; & R O W

Registration PIN #: 01197-0006 (LT) Roll # 3739-040-140-04000-0000 Minimum Tender Amount:

$18,164.13

23) 0 Pelissier Street

plan 256 BLK 4 W PT lot 16

Registration PIN #: 01190-0357 (LT) Roll # 3739-040-310-03300-0000 Minimum Tender Amount:

$16,858.45

24) 8040 Molnar Crescent

plan M181 lot 26; subject to easement; irregular

Registration PIN #: 01383-0026 (LT) Roll # 3739-070-780-03226-0000 Minimum Tender Amount:

$21,564.98

 

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.

Ontario tax sale properties Windsor

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 and the relevant land transfer tax.

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

Information regarding prescribed forms and tender packages can be found on the City of Windsor’s web site.Keyword Search: property tax sale.

Any additional questions regarding this property tax sale please call 311 (Windsor area) or 519-255-2489 (surrounding county) or 1-877-746-4311 (long distance)

Changes to Ontario Syndicated Mortgages

Changes to Ontario syndicated Mortgages
transactions take effect July 1, 2018. Professional real estate investors shall become aware of these changes to Ontario syndicated mortgages.

What is a Syndicated Mortgage

A syndicated mortgage is where several
investors combine funds together to
create one financial instrument:
a mortgage. When you invest in a
syndicated mortgage, you are pooling
your money with others to create a
mortgage that will be registered
and secured directly with the land
or building that’s associated with
that mortgage.

Changes to Ontario syndicated Mortgages
Changes to Ontario syndicated Mortgages

 

 

 

 

 

 

 

 

 

The Government of Ontario has made regulatory amendments to O. Regulation 188/08 Mortgage Brokerages Standards of Practice[New Window] under the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA)[New Window] that affect non-qualified syndicated mortgages.

Changes to Ontario Syndicated Mortgages

Under the MBLAA, mortgage brokerages are already required to take reasonable steps to ensure that a mortgage or an investment in a mortgage is suitable for a client (i.e., borrower, lender or investor) based on the needs and circumstances of the client. Brokerages are also required to provide clients with certain disclosures, including written disclosure of the material risks of a mortgage or investment in a mortgage.

As of July 1, 2018, mortgage brokerages that deal with non-qualified syndicated mortgage transactions will have to comply with expanded requirements.

Developers and builders use syndicated mortgages
as part of their financing to take a project
from conception to completion—and this is
where the risk lies.

Since banks are not
too keen on funding a building project
that hasn’t even started, developers
will rely on syndicated mortgages to
cover soft costs: consultant fees,
zoning permits, architecture costs
and even marketing and sales expenses.

All this is to say that the mortgage
you’ve provided is funding the initial
stages of a project not the actual
building of the project.

 What is a non-qualified syndicated mortgage?

A non-qualified syndicated mortgage is generally a more complex, higher risk product that may not be suitable for the average investor. Non-qualified syndicated mortgages are all syndicated mortgages that do not meet the regulatory definition of a qualified syndicated mortgage.

What is a qualified syndicated mortgage?

As defined in the amended regulation [New Window], as of July 1, 2018, a qualified syndicated mortgage is a syndicated mortgage that meets all of the following criteria:

It is negotiated or arranged through a mortgage brokerage.
It secures a debt obligation on property that,

is used primarily for residential purposes,
includes no more than a total of four units, and
if used for both commercial and residential purposes, includes no more than one unit that is used for commercial purposes.

At the time the syndicated mortgage is arranged, the amount of the debt it secures, together with all other debt secured by mortgages on the property that have priority over, or the same priority as, the syndicated mortgage, does not exceed 90 per cent of the fair market value of the property relating to the mortgage, excluding any value that may be attributed to proposed or pending development of the property.

It is limited to one debt obligation whose term is the same as the term of the syndicated mortgage.

The rate of interest payable under it is equal to the rate of interest payable under the debt obligation.

(3) A syndicated mortgage that secures a debt obligation incurred for the construction or development of property is not a qualified syndicated mortgage.

What is changing?

As of July 1, 2018, mortgage brokerages that deal with non-qualified syndicated mortgage transactions will be required to:

Collect and document specific information related to a potential investor’s or lender’s financial circumstances, needs and risk tolerance using a new FSCO form.

Undertake and document a suitability assessment, using specific criteria, for each potential investor or lender using a new FSCO form.

Collect and document expanded disclosure information using a new FSCO form. This includes information regarding the property appraisal and, in the case where the borrower is not an individual, the borrower’s financial statements.

Observe a $60,000 limit on non-qualified syndicated mortgage investments over a 12-month period for investors or lenders who are not part of the ‘designated’ class of investors or lenders. The regulation defines the designated class of investors or lenders as those that have already met higher income and asset tests.

Report written complaints received by the brokerage related to non-qualified syndicated mortgages to FSCO’s Superintendent of Financial Services within 10 business days.

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

July 26, 2018

under and by virtue of a Writ of Seizure and Sale issued out of the Superior Court of Justice at Sheriff of the Regional Municipality of Parry Sound to me directed, against the real and personal property of Juan Guillermo Gutierrez and Juan Arturo Gutierrez, Respondents (Judgment Debtors), at the suit of Margaret Castillo, Applicant (Judgement Creditor), I have seized and taken in execution all the right, title, interest and equity of redemption of Juan Guillermo Gutierrez and Juan Arturo Gutierrez in and to: PT LT 29 CON 6 humphrey PT 2 42R5848; PT shore RDAL in front LT 29 CON 6 humphrey PTS 1 & 2 42R19805 (closed by by-law 2014-012 as in GB71242); township of seguin: municipally known as 174 Hamer Bay Rd, Seguin Township, Ont

All of which said right, title, interest and equity of redemption of Juan Guillermo Gutierrez and Juan Arturo Gutierrez, respondents in the said lands and tenements described above, I shall offer for sale by Public Auction subject to the conditions set out below at, 89 James Street, Parry Sound, Ontario P2A 1T7 on July 26th 2018, at 10:00 a.m.

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont conditions:

The purchaser to assume responsibility for all mortgages, charges, liens, outstanding taxes, and other encumbrances. No representation is made regarding the title of the land or any other matter relating to the interest to be sold. Responsibility for ascertaining these matters rests with the potential purchaser(s).

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont terms:

Deposit 10% of bid price or $1,000.00, whichever is greater

Payable at time of sale by successful bidder

To be applied to purchase price

Non-refundable

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

Ten business days from date of sale to arrange financing and pay balance in full at 89 James Street, Parry Sound, Ontario P2A 1T7 705-746-4237 All payments in cash or by certified cheque made payable to the Minister of Finance.

Deed Poll provided by Sheriff only upon satisfactory payment in full of purchase price.

Other conditions as announced.

this sale is subject to cancellation by the sheriff without further notice up to the time of sale.

Note: No employee of the Ministry of the Attorney General may purchase any goods or chattels, lands or tenements exposed for sale by a Sheriff under legal process, either directly or indirectly.

Sheriff’s Sales of Lands 174 Hamer Bay Rd, Seguin Township, Ont

Date: June 4th 2018.

Wendy Schroeder

89 James Street

Parry Sound, ON P2A 1T7

705-746-4237

Sheriff’s Sales of Lands 19 Four Winds Dr, #706, Toronto, Ont

Sheriff’s Sales of Lands 19 Four Winds Dr, #706, Toronto, Ont

July 26, 2018

under and by virtue of a Writ of Execution filed with the Sheriff of the city of toronto, dated february 14, 2013 under writ file number SC-13-0001793 the real and personal property of mutiat balogun, Debtor, at the request of the toronto-dominion bank Creditor(s), I have seized and taken in execution all of the right, title, interest and equity of redemption of mutiat balogun, Debtor(s) in and to: all and singular that certain parcel or tract of land and premises situated, being Parcel unit 6, level 7, york condominium plan NO. 128, block H, plan 66M1299 as described in schedule ‘a’ of declaration B415082 TWP of york/north york, city of toronto; subject to a temporary easement in, on, over and through the lands designated as part 1 on expropriation plan AT2633241.

Sheriff’s Sales of Lands 19 Four Winds Dr, #706, Toronto, Ont

Municipally known ;

Sheriff’s Sales of Lands 19 Four Winds Dr, #706, Toronto, Ont

All of which said right, title, interest and equity of redemption of mutiat balogun Debtor(s), in the said lands and tenements described above, I shall offer for sale by Public Auction subject to the conditions set out below at: 393 university avenue, 19th floor, toronto, ontario, 416-327-0514on thursday, july 26,2018, at 11:00 a.m. (Registration from 9:30 a.m. – 10:30 a.m.) the sale of the aforementioned property is subject to the following terms and conditions:

The purchaser to assume responsibility for all mortgages, charges, liens, outstanding taxes, and other encumbrances. No representation is made regarding the title of the land or any other matter relating to the interest to be sold. Vacant possession is not included in the sale of this property. Responsibility for ascertaining these matters rests with the potential purchaser(s).

Sheriff’s Sales of Lands 19 Four Winds Dr, #706, Toronto, Ont

Sheriff’s Sales of Lands 19 Four Winds Dr, #706, Toronto, Ont terms:

A deposit of 10% of bid price or $1,000.00, whichever is greater.

Payable at time of sale by successful bidder;

To be applied to purchase price; and

Non-refundable – Failure of the successful bidder to comply with these terms and conditions may result in a forfeit of any deposits paid at the time of the sale or any time thereafter.

Ten business days from date of sale to arrange financing and pay balance in full at 393 university avenue, 19th floor, toronto, ontario.

All payments to be provided in cash or by bank draft, certified cheque or money order made payable to the “Sheriff, City of Toronto”.

A Deed Poll will be provided by the Sheriff only upon satisfactory payment in full of purchase price.

Other conditions as announced.

this sale is subject to cancellation by the sheriff without further notice up to the time of the satisfaction of the sale terms by a successful bidder.

Note: No employee of the Ministry of the Attorney General may purchase any goods or chattels, lands or tenements exposed for sale by a Sheriff under legal process, directly or indirectly.

Sheriff’s Sales of Lands 19 Four Winds Dr, #706, Toronto, Ont

Date: June 11, 2018

Debbie Dykstra

Sheriff

393 University Avenue, 19thFL,

Toronto, ON, M5G 1E6