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Tax Sale Properties in OntarioThis property below is an example of an Auction Sale for real estate property down in Florida, the photos are amazing and the property is fully upgraded.  This is probably one of the most beautiful properties that I have seen in florida for some time - can you imagine?


Live On-Site & Internet Bidding
Gulf of Mexico Beachfront Property!
7,584 ± SF Custom Home in Bonita Beach, Florida



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Bonita Beach, FL 34134


 Example of a Luxury Power of Sale Property   Example of a Rural Power of Sale Property   Example of a Mississauga Luxury Property Forecosure Property for Sale   Another type of Power of Sale Property along Mississauga Road in the GTA
You will find that there are many types of the power of sale and foreclosure homes in Mississauga and surrounding areas.  The homes pictured above are similar to many home styles that you will find here in Mississauga and just outside of the GTA.  Let me show you how you can find these types of Power of Sale homes and show you how you can afford to move up to your dream home.  Please email me at info@mississauga4sale.com  Or, you may use this form to sign up to my POS newsletter.

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Tax sales occur in every province of Canada. However, the disposition of these properties varies because municipal and provincial laws governing these sales differ from province to province.  In Ontario, the process is outlines at tax sales process.

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| Agents and Realtors beware | Power of Sale Properties

What is a Power of Sale Property?

In Ontario when a borrower defaults on a home mortgage, the bank/lender most often attempts to recover its losses by selling the property using the Power of Sale clause contained in the mortgage.  Due to legal fees, foregone interest and other property expenses, the estimated losses to the bank for Power of Sale properties can range from 10 percent to 30 percent of the outstanding loan balances.  There are other variables that can affect the losses or costs when a property is sold via power of sale such as the deterioration of the property and the time it takes to process the paperwork.

Read more about Power of Sales and Bank Foreclosure and Distress Property Sales

You will receive a very fast answer from me, thank you and have a great day!  Mark

Often, real estate properties will first end up as a power of sale andthe lender sells the property before it becomes a tax sale property.  Most tax sale properties are vacantlands or if they have a building on it, the building is usually in very poor condition and does not add much if any value to the property. 

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Power of Sale and Tax Sale properties - questions and answers

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Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale  | All Pages including Mississauga Real Estate Blog all maintained by info@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434  Google  First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Thursday, February 1, 2018 9:30 AM
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