Several Properties Up For Auction In City Tax Sale
Thursday August 13th, 2015
Posted at 10:00am
Hello time traveller!!
This article is 1138 days old.
The information listed below is likely outdated and has been preserved for archival purposes.
The City of Windsor has three residential properties and one vacant parcel of land up for auction to try to recoup back taxes.
The city lists a property in the tax sale auction if the owner has not paid their property taxes for four consecutive years. The city then issues a notice and after one year if they owner has not contacted them to pay the backed taxes or set up a payment plan, the city then has the right to sell the property to recoup the backed taxes.
Buying a property form a tax sale does have some risk though. Because the city does not own the actual property, prospective buyers can not go inside the home for a look with out the owner’s permission, which is unlikely given that their property is being sold for tax arrears.
In addition, the city does not guarantee vacant possession. Once the deed is transferred and you are in possession of the property, you will have to deal with anyone who may be living in the house, and use your own legal means to come to an agreement or extricate them.
The potential purchaser also has to conduct their own investigation into such concerns as zoning, title searches, work orders, water/hydro arrears, future development possibilities, building restrictions, existing structure demolition orders, etc.
The properties up for sale are at 346 Bridge, 1329 Wellington, 1404-1414 Tecumseh Road West and 0 St. Patrick’s.
The tax sale closes at 3pm on August 17th. More information can be found here.