Posted on 13 February 2010. Tags: apartment investing, avoid foreclosure, bank foreclosure, bank foreclosure homes, bank foreclosure listings, bank foreclosures, bank owned properties, buy a home, buy a house, buy foreclosed homes, buy foreclosure, buy foreclosures, buy house, buying a foreclosure, buying a home, buying a house, buying foreclosed homes, buying foreclosed properties, buying foreclosure, buying foreclosure homes, buying foreclosure properties, buying foreclosure property, buying foreclosures, buying property, buying rental property, canadian foreclosures, Canadian Real Estate Investors, deed lieu of foreclosure, delinquent taxes, distressed properties, first time home buyer, forclosed homes, foreclosed home listings, foreclosed homes, foreclosed homes for sale, foreclosed houses, foreclosed property, Foreclosure, foreclosure auction, foreclosure auctions, foreclosure for sale, foreclosure free, foreclosure help, foreclosure homes for sale, foreclosure house, foreclosure house listings, foreclosure houses, foreclosure information, foreclosure listing, foreclosure listings, foreclosure loans, foreclosure prevention, foreclosure process, foreclosure properties, foreclosure purchase, foreclosure sale, foreclosure sales, Foreclosures, foreclosures find, foreclosures for sale, foreclosures home, foreclosures homes, foreclosures listings, free foreclosure listings, free foreclosures, free home foreclosure listings, government foreclosure, government foreclosure homes, government foreclosure properties, government foreclosures, government home foreclosures, hard money lenders, home auctions, home buy, home buying, home foreclosure, home foreclosure listings, homes, homes for sale, homes foreclosure, house buying, house for sale, house foreclosures, house selling, houses for sale, how to avoid foreclosure, how to buy a foreclosure, how to buy a house, how to buy apartment buildings, how to buy foreclosed homes, how to buy foreclosure, how to buy foreclosures, how to find foreclosures, how to find pre foreclosures, how to invest property, income property, international investment property, invest, invest property, investing, investing apartment buildings, investing apartments, investing realestate, investing rental property, investment, investment club, investment clubs, investment loans, investment opportunity, investment properties, investment properties for sale, investment property, investment property financing, investment property for sale, investment property loans, investment property software, investment rental property, investments, investor club, investor loans, Investors, john alexander foreclosure, judgments, Land Titles office, landlord association, landlord insurance, lease to own homes, lease to own houses, liens, local Government Act, loss of property, management investment, minimum bid, money down no, mortgage foreclosure, mortgages, municipal office, municipal property taxes, municipal sales tax, No money down, outstanding taxes, passive income, pre foreclosure, pre foreclosure homes, pre foreclosure letter, pre foreclosure listings, pre foreclosure properties, pre foreclosures, prevent foreclosure, probate investing, properties, property for sale, property foreclosure, property investing, property investment companies, property investments, property investor, property investors, property management, purchasing tax liens, refinance investment property, rental properties, rental property, right to redeem, right to redeem the property, search the title of the property, selling a home, selling a house, stop foreclosure, subject to investing, tax foreclosure sale, tax foreclosure sales, tax foreclosures, tax lien certificate, tax lien certificates, tax lien homes, tax sale in British Columbia, The bidders, title search, upset price, wholesale properties, wholesale property, Wholesaling, wholesaling houses, wholesaling property
Failure to pay municipal property taxes for over three consecutive years results in a property being placed for tax sale in British Columbia. This can be an excellent opportunity for Canadian real estate investors, once they understand the local Government Act. This Act gives the collector the authority to sell a property for the upset price. The upset price is the total of all outstanding taxes plus interest, 5% of tax sale costs, and the Land Titles office fees.
There are some differences among various municipalities in the province of British Columbia, but the majority of them have similar rules. The rural areas have different tax sale rules as does the city of Vancouver, which has its own charter and rules. You can obtain more information from the surveyor of taxes.
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