Sheriff’s Sales of Lands 546 Church Street, Markham

Sheriff's Sales of Lands

under and by virtue of a Writ of Execution filed with the Sheriff of the regional municipality of york, dated august 8, 2016, under writ file number 16-1821, the real and personal property Sheriff's Sales of Lands 546 Church Street, Markham of estrelita co also known as estrelita ganzales co, Debtor, at the request of citi cards canada inc., Creditor(s), I have seized and taken in execution all of the right, title, interest and equity of redemption of estrelita co also known as estrelita ganzales co, Debtor(s) in and to:

all and singular that certain parcel or tract of land and premises situated, being PT BLK 196 PL 65M4306 PTS 24 AND 25 ON 65R33796; subject to an easement for entry as in YR1886546; subject to an easement over PT 25 ON 65R33796 in favour of PT BLK 196 PL 65R4306 PTS 20,21,22,23 65R33796 as in YR1886546; together with an easement over PT BLK 196 PL 65M4306 PT 22 and 23 ON 65R33796 as in YR1886546; city of markham. newmarket land titles office for the land titles division of york (NO.65)

Sheriff's Sales of Lands 546 Church Street, Markham

Municipally known as:

546 Church Street, Markham, Ontario L6B 0V9

All of which said right, title, interest and equity of redemption of the estrelita co know as estrelita ganzales co, 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 50 eagle ST. W. 1ST FLR newmarket, ON L3Y 6B1, 905-853-4809 EXT. 3 on thursday, July 13TH , 2017 at 10:00 a.m.

Jul 13,2017 Sheriff's Sales of Lands 546 Church Stret, Markham 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).

Jul 13,2017 Sheriff's Sales of Lands 546 Church Street, Markham Terms:

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
Non-refundable.
Ten business days from date of sale to arrange financing and pay balance in full at 50 eagle ST, W, 1ST FLR newmarket, ontario.
All payments to be provided in cash or by bank draft, certified cheque or money order made payable to the Minister of Finance.
A Deed Poll 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 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, directly or indirectly.

Date: June 7, 2017

Sheriff, of the Regional
Municipality of York
50 Eagle ST. W Newmarket, ON L3Y6B1 ( 905-853-4809 x3)

Sheriff's Sales of Lands 546 Church Street, Markham

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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Sheriff’s Sale of Lands 34 Leeward Drive Brampton

Jan 20, 2017 Sheriff’s Sale of Lands 34 Leeward Dr, Brampton On L6S 4V7

under and by virtue of a Writ of Seizure and Sale issued out of the Superior Court of Justice at Milton to me directed, against the real and personal property of Paul Emilio Serpa, Defendant, at the suit of Bank of Montreal, Plaintiff, I have seized and taken in execution all the right, title, interest and equity of redemption of Paul Emilio Serpa, in and to:

34 Leeward Drive, Brampton On L6S 4V7

All of which said right, title, interest and equity of redemption of Paul Emilio Serpa, defendant in the said lands and tenements described above, I shall offer for sale by Public Auction subject to the conditions set out below at, 7765 Hurontario Street, Brampton Ontario on January 20, 2017 at 10.00 a.m.

Sheriff’s Sale of Lands 34 Leeward Drive Brampton

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).

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
Ten business days from date of sale to arrange financing and pay balance in full at 7755 Hurontario St, Suite 100, Brampton On.
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.

Date: December 1, 2016

Joan Zammit
Sheriff
7755 Hurontario St,
Brampton, ON
L6W 4T6
905-456-4701

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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
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Sheriff’s Sale of Lands 429 Laurentian Ave, Mississauga

Jan 20, 2017 Sheriff’s Sale of Lands 429 Laurentian Ave, Mississauga On L4Z 2J7

under and by virtue of a Writ of Seizure and Sale issued out of the Superior Court of Justice at Toronto to me directed, against the real and personal property Sheriff’s Sale of Lands 429 Laurentian Ave, Mississauga of Natalie Mucha, Defendant, at the suit of Toronto Palliative Care Associates, Plaintiff, I have seized and taken in execution all the right, title, interest and equity of redemption of Natalie Mucha, in and to:

429 Laurentian Ave, Mississauga On L4Z 2J7

All of which said right, title, interest and equity of redemption of Natalie Mucha, defendant in the said lands and tenements described above, I shall offer for sale by Public Auction subject to the conditions set out below at, 7765 Hurontario Street, Brampton Ontario on January 20, 2017 at 10.00 a.m.

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).

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
Ten business days from date of sale to arrange financing and pay balance in full at 7755 Hurontario St, Suite 100, Brampton, ON.
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.

Date: December 1, 2016

Joan Zammit
Sheriff
7755 Hurontario St,
Brampton, ON
L6W 4T6
905-456-4701

mailinglistDISCLAIMER

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.

NBA player made more money from real estate than playing for Miami Heat in 2015

For most NBA players, their playing careers are over just as the rest of us are settling into our chosen professions. The difference between them and us (in addition to, you know, athletic ability) is that, in some cases, they’ll retireNBA player made more money from real estate

in their mid-to-late-30’s with a lot of money and a lot of time on their hands.

So what will they do with their money and their time? For some former players, investing in real estate becomes their game of choice, but that game comes with a lot of risk.

From TheRealDeal.com:

In his final year in the NBA, Danny Granger took home more money from his real estate investments than he did from his Miami Heat paycheck . “That’s when it really, really hit me,” he said Monday. “What am I doing? My knees hurt, my back is killing me. That was it. I was done.”

Granger’s audience of professional basketball players erupted in a knowing laugh. Some of the veterans, like Steve Blake and Kevin Martin, knew only too well the pain of hitting the wood day after day. Others, such as Atlanta Hawks star Paul Millsap, are still in their prime, and still others, such as Boston Celtics player Kelly Olynyk, only recently broke into the NBA.

Age differences aside, the players had two things in common: they made a lot of money playing basketball and they are thinking of putting some of it into real estate.

Read more at

http://therealdeal.com/2016/06/28/ex-ballers-to-nba-stars-dont-let-real-estate-investors-scam-you/

Luol Deng, a former refugee from war-torn South Sudan,

is 30 years old and extremely rich. Over 11 years of playing

professional basketball in the NBA, the 6-foot-9-inch-tall

small forward has made close to $100 million in gross wages alone.

It’s only natural that Deng spends a good deal of thought on

what to do with all that money. Recently, much of that thinking has revolved around real estate

What to do with Power of Sale in Ontario

What to do with Power of Sale in OntarioThe Ontario lenders or bank will start   power of sale proceedings if the property owner is behind mortgage payments or the mortgage is due in full. There are several other reasons where the lender can exercise power of sale as well. The lender wants to recover their investment by selling the property at fair market value.

Most of the properties of power of sale listings on multiple listing services (MLS) are sold at fair market value by licensed realtors of Ontario. By no means they are considered fire sale or at bargain prices. But the lender and bank will sell power of sale properties in Ontario “ as is” and “where is” with no warrenties.

What to do when you are facing power of sale? The options are very limited but the rights of property owner and the lender are protected by Ontario mortgage act. Let us explore options for the property owner facing power of sale.

 

Sale by Property OwnerSale by property owner

In the interim period, the property owner could continue to market the sale of the property by hiring a realtor or by themselves privately. Usually the property owner will be able to sell and save money if the property is marketed at fair market value.

 

Selling the Property to an InvestorSelling the property to a investor:

The property owner can call investors and sell it for cash with fast closing. This works if the professional real estate investor is able to come up with the cash and close the deal really fast. Sometimes the Ontario lawyers require more time. But the property owner can assist them to gather all information required to close it swiftly.

 

Lenders Proceedings too QuicklyLenders proceedings too quickly

 

If the Lender or bank issued a Notice of Sale too quickly, the proceedings may be a nullity. This could arise if demands for full payment were made and the time limit in the demand had not expired. In such cases, the mortgagee would require a Court Order allowing the power of sale proceedings to take place.

 

Pay up arrears and costsPay up Arrears and Costs:

 

Most of the time, the Lender or bank will require payment of the entire balance outstanding. Under the Act, the property owner can simply pay up the arrears and costs. If that takes place, then the mortgage is back in good standing. The enforcement proceedings of power of sale are at an end.

 

Pay arrears an d costs in courtPay arrears & costs in  court:

 

In some cases, the Lender or bank will have instituted legal proceedings including an action for recovery of possession of the property. If that is the case, the property owner still has the right to pay up the arrears and costs as well as $100 for security, and the proceedings will be stayed.

The accelerated principal need not be paid. If judgment is not been recovered, the action will be dismissed. If judgment has been recovered, the proceedings in the action will be stayed provided that “no sale or recovery of possession of the land

or final foreclosure of the equity of redemption has taken place.”

 

RefinancingRefinancing

This is very common recommendation by Ontario mortgage brokers and their agents. Low income/credit score/arrears/equity can be challenging to refinance. Banks and other lenders may not consider since the property owners are facing power of sale in Ontario.

Canadian hard money lendersCanadian hard money lenders

There are handful Canadian hard money lenders who might be able to assist the property owner who is facing power of sale in Ontario. Their rates and fees can be quite hefty. They can be a short term solution.

Findinf a Partner Joint VentureFinding a partner/Joint venture:

The property owner who is going through the proceedings of power of sale in Ontario can find a joint venture partner. The joint venture partner can inject some cash for partial ownership. This strategy requires expertise and great amount of knowledge.

Request for InformationRequest for Information:

 

The property owner is entitled to certain information from the lender or bank including the amount of the accelerated principal. Upon receipt of the request, the lender or bank is obligated to respond within 15 days, failing which no further proceedings may be taken.

If the lender or bank fails to respond without a reasonable excuse or, if the response is incomplete or incorrect, any rights that the lender or bank may have to enforce the mortgage shall be suspended until the lender or bank has complied.

 

Requisition an assignmentRequisition an Assignment:

The property owner as well as all other creditors is entitled to an assignment of the mortgage upon payment in full of the principal, interest and expenses. The right in favor of each party is separate and independent of one another. The lender or bank is obligated to reply and comply with such requests.

 

Technical IssuesTechnical Issues:

 

The power of sale notice must comply with the contract and the Act. If there are any technical or legal issues they should be raised at once and rectified by the lender or bank. Courts will usually respond to such issues and deal with the matter equitably. The property owner might be awarded costs and additional time to pay.

Injunction by CourtsInjunction by courts:

On fair and equitable grounds the property owner will be awarded an injunction by the courts. This stops the proceedings of power of sale. One condition is the mortgage payments must be kept up to date until final disposition. This will not work if the property owner has no hope of refinancing.

Partial PaymentPartial Payments:

In many cases, the property owner will have made a partial payment. This frequently occurs without the active participation of either party. The lender or bank issues the Notice, and the mortgagor’s regular cheque is cashed. This means that the proceedings will have to start over again unless the lender or bank specifically indicates that it will accept the cheque as a “partial payment only”, without staying its proceedings.

 

Cost of Power of sale proceedingsCost of Power of sale proceedings:

The Act requires the lender or bank to set out its costs being claimed in the power of sale proceedings. Failure to do so can result in delay, or the Court failing to award costs. These are some of the steps that might be taken by the property owner can exercise their right to protect.

 

Seek legal opinion in writingSeek legal opinion in writing

 

The property owner shall always seek the legal help. When a property owner is facing power of sale in Ontario, one of the best options is seek legal advice in writing from a competent Ontario real estate lawyer.