tax lien opportunities in canada?
I am new to the forum, but am well aware of the tax lien auctions in the U.S., but have yet to find much SOLID information about tax lien auctions in Canada. I am hoping some of the more experienced persons on this forum could lend a hand and lead me in the right direction.
any help would be appreciated...
j.
thanks a lot. I guess in this area tax sales are for those who have a lot of money and can buy a lot of them, so that maybe just 1 of them is actually foreclosable. its tough to find an entry if oyure a regular guy
jules,
I'm not sure where you are located, but take a look at this site:
http://www.cbrm.ns.ca/taxsales.html
It's for NOVA SCOTIA.
necktie ....
thanks for the response. Great information! I am on the West side of canada, but every little bit helps. I will be looking in Alberta and British Columbia mainly (closer to home) Was hoping also that someone could clear up whether, in canada, if the municipalities publish auction dates, or if it is provincial, and how would I even find out about all of these auctions (perhaps a mailing list...) I guess another question is, how did you even find this auction in Nova Scotia?
Thanks again,
J.
I'm a member of the National Tax Lien Association. From time to time we receive info on different state statutes and Canada as well. I bookmark info for a rainy day. Glad I can help. If I find any more info I will post to the site to help you and any other investors up north out.
necktie Kid
Quote:
I will be looking in Alberta and British Columbia mainly (closer to home) Was hoping also that someone could clear up whether, in canada, if the municipalities publish auction dates, or if it is provincial, and how would I even find out about all of these auctions (perhaps a mailing list...) I guess another question is, how did you even find this auction in Nova Scotia?
Thanks again,
J.
I'm in BC. the city or town main website is a good place to look. or go to google, type in a city name and tax sale and you should get a hit. usually it's one day in sept-nov, and they post the properties for sale in the paper a week ahead, or you can go get it at the city hall. chances are you will never get the property, but investers around here sink millions in just for the intrest. e-mail me if you want more info.
Tax lien or tax sale lists are available for Alberta, Ontario, New Brunswick, PEI and Saskatchewan at
www.canadataxsales.com
I created a web site that publishes this information one to two times a week. Tax sale information is available but most of it is not published in one unified publication. It is a subscription service for about $5 a month.
Canadian Tax Sale Lists
Big fat F***ing lie. Canadiantaxsales is a WASTE of money.[ Edited by Hawkaine on Date 10/23/2005 ]
In Kentucky you pay tax liens by purchasing tax lien certificates. After about 4 years normally if you are not repaid you have to go to court to get possession. It is not as easy as just saying I purchased the tax lien. You need court help to actually acquire it and you may even owe some other items. All liens are not necessarily dropped at a tax sale but most may be.
If your goal is to obtain deeds rather than earn interest on the lein, then just do a little research. Look for parcels owned by deceased persons with no known relatives. You can check obituaries and county records to see if they have had a will probated. If the estate has not been probated, it is a sign there are no relatives.
There is nothing unethical or illegal about this. If an investor does not go after the property, some state agency eventually will.