The consequences of not paying property taxes are not well appreciated. In my last blog entry I explained the term Judicial Sale and highlighted that this legal process is a great opportunity to acquire undervauled properties in cottage country. More often than not the cause is the non-payment of property taxes.
The other day we [...]
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In my last post I wrote about an astute investor who exploited the opportunity of a Judicial Sale when he bought a unique, mixed-use property, for a bargain price of under $100,000. Such opportunities come up frequently but are missed by most people because they don’t know where to look specifically. In addition, the term [...]
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What do you get when you try to buy a property that was once a jail, fire hall, dance hall & town hall? A financing conundrum.
This is exactly what one of our clients purchased, where we provided private mortgage financing. [...]
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This week’s question is in regards to the various post we have online regarding Private Mortgages in Toronto.
What is a private mortgage?
Private mortgages are a special and very interesting type of mortgage option that most people are not too familiar with. The most basic definition of a private mortgage is a mortgage contract in which [...]
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