OntarioTaxSales.ca Info ?

[Sultry Sierra]

I hear about Ontario tax sales auctioning houses for cheap dollars free and clear of mortgage debt but no matter how much I search for these so called steals they don't seem to exist. Is it just a scam to buy their system or it there truth in what they claim?

[huck]

It isn't really a scam, but any property you can buy for low dollars is probably worth -- low dollars. It may have zoning difficulties, water issues, be too small to build, or some other defect, but you can bet that it will be defective somehow. Tax sales are well attended by real estate sharks and the properties are auctioned usually starting at or near the amount of the debt. Chances are you will pay less than the house is worth; however, if the person did not have the cash to pay a tax bill I wonder how much disrepair the home is in.