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Ripley, Ontario Canada | The local township has advertised a property for sale because the property taxes are in arrears to the point they can sell it to collect. In reading the terms of the auction you have to pay full payment immediately after auction in cash or certified cheque Property could be worth a million dollars or more. I don’t know what my bank would say to a million in cash and certified cheque or bank drafts take time to get and would be in a fixed amount. Do you just get a draft for as much as you can spend and get the rest back. Have never been to a tax sale and very few if any have actually happened in my area in my lifetime. When a farm is auctioned regularly here you just need $50-100 000 down and balance later that’s straight forward and simple. This would apply to Ontario Canada rules. I understand that there may be other liens against the property and that they don’t guarantee vacant possession but that one can plan for at least the liens | |
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Ontario Canada property tax sale questions
