Nov 29,2017 Ontario Tax Sale properties Town of Lincoln

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Nov 29,2017 Ontario Tax Sale properties Town of Lincoln

Post: # 46962Post Flipping4Profit.ca
Mon Nov 13, 2017 12:43 am

SALE OF LAND BY PUBLIC TENDER
Nov 29,2017 Ontario Tax Sale properties Town of Lincoln
THE CORPORATION OF THE TOWN OF LINCOLN

TAKE NOTICE that tenders are invited for the purchase of the
land(s) described below and will be received until 3:00 p.m. local time
on Wednesday, November 29, 2017, at the Town Hall, 4800 South
Service Road, Beamsville, ON L0R 1B1.
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The tenders will then be opened in public on the same day as soon as
possible after 3:00 p.m. at the Lincoln Municipal Offices, 4800 South
Service Road, Beamsville.

Nov 29,2017 Ontario Tax Sale properties Town of Lincoln
Description of Land(s):


ROLL NO. 26 22 030 006 13110 0000, PIN 46127-0207 LT, PT LT
23 CON 2 LOUTH PT 2, 30R11459; TOWN OF LINCOLN, FILE
NALN16-018-TT
Minimum Tender Amount: $18,117.13

Tenders must be submitted in the prescribed form and must be
accompanied by a deposit in the form of a money order or of a bank
draft or cheque certified by a bank or trust corporation payable to the
municipality (or board) and representing at least 20 per cent of the
tender amount.

Except as follows, the municipality makes no representation regarding
the title to, existing interests in favour of the Crown, environmental
concerns or any other matters relating to the land(s) to be sold. Any
existing Federal or Provincial Crown liens or executions will remain
on title and may become the responsibility of the potential purchaser.

Responsibility for ascertaining these matters rests with the potential
purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal
Tax Sales Rules made under that Act. The successful purchaser will be
required to pay the amount tendered plus accumulated taxes and the
relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the
successful purchaser.

H.S.T. may be payable by the successful purchaser.

15% Non-Resident Speculation Tax (NRST) applies to the value of
the consideration for a transfer of residential property located in the
Greater Golden Horseshoe Region which contains at least one and not
more than six single family residences if any one of the transferees is a
non-resident of Canada, foreign entity or taxable trustee.

For further information regarding this sale and a copy of the
prescribed form of tender contact.

Ms. Caterina Giacoboni
Tax Clerk
The Corporation of the Town of Lincoln
4800 South Service Road
Beamsville, ON L0R 1B1
(905) 563-8205 Ext. 224
www.lincoln.ca
DISCLAIMER

We believe the information contained in this
article to be accurate.It is presented with the
understanding that we are not engaged in
rendering legal,accounting, or investment advice.
When professional assistance is required,
utilize the services of a licensed real estate
broker, lawyer, accountant,
or other consultant as may be required.


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