Monday, November 06, 2006

Montreal's annual tax deadbeat auction


Today was the city auction for tax defaulted properties. Those who haven't paid their municipal tax for a while have it claimed and sold off. The initial list of several hundred tax deadbeats was whittled down to 30 by this morning and even a couple of those were knocked off when the non-payers rushed in with last minute bill payments.
   Those who lose their properties have a year to buy it back from the owner at what he paid plus ten percent. The bidders have to have a certified cheque and pay the entire amount in full
   A lot of the 30 were empty lots.
   The final list included 6211 Cote St. Luc Road #403 owned by Sergio Papadopoulos, who owed $6,000 on a property evaluated at $108,000. I don't know what that sold for.
   In Kirkland: 139 Meaney, Suzanne Pinter owed $13,800 on the place evaluated at $267,000. And on 35 Reginald Brown, Mario Delisle et al owed $7,900 on a place evaluated at $177,400.
   In Westmount the perennial 1 Wood, which always seemed to make the list in one form or another had a property owned by Tracage Tivido, Inc, upon which $4,300 was owed. It was unit 151 which sold for $55,000 to a preppy short anglo blonde guy in a sweater. There were a few others at 1 Wood owed by a guy named Nick Nanas and I'm not sure what became of those.
   In Outremont 6220-6222 Hutchison, owned by 36988637 Canada Inc, which owed $12,00 on the property evaluated at $225,000 went for $186,000.
   244 Cote St. Catherine, owned by Lise Pothier, who owed a mere $1,300 on the property evaluated at $413,100, went for $420,000.
   10770 Moisan, owned by VS Car Rental in Montreal North, which owed $16,300 on the property which was worth $129,400, sold to a guy named Gagnon, after much budding against a Hassid named Boris Adler, of Toval, who seemed to be having a jolly good time.
   1786 St. Christophe #1, a co property unit owed by Mei Chun Chen, who had failed to pay $3,300 in taxes on the unit evaluated at $61,600 was snapped up by a young bald Italian guy for $84,000.
   They went for lunch after that and so I scooted but a few of the more interesting things on the block after lunch were 2230-2234 Church Street (aka de l'Eglise) owned by 3669874 Canada Inc, which owed $13,700 on the property evaluated at $138,200.
   833-837 Mount Royal East, owned by Saloua Cherqaoui, who owed $39,800 on the property evaluated at $515,000.
  1447-1449 Theodore, owned by 3398978 Canada Inc which owed $9,700 on a property evaluated at $184,700.
  There was 4021 Villeray owned by Leonard Toussaint who flunked out on $4,100 of taxes on a property evaluated at $75,000.
   8654 St. Michel, owned by Natasha Giraldo Mohammed and others. They owned $3,400 in taxes on the building evaluated at $100,000.
   4020 Jean-Renou in Lachine, owned by Francis Dell Higgerty, who owed $6,500 on a place worth $148,600.
   6702 Coolbrok, owned by Gino Momesso, who owed $8,400 on an evaluation of $178,300.
   1868 St. Christophe, owned by Mei Chun Chun who owed a mere $500 on a place evaluated to be worth $5,100.
   I don't know if those I listed after I left actually went to auction or what they sold for but I'll try to find out and report back here.

4 comments:

  1. Anonymous9:08 pm

    Do you have to have a certified cheque for the back-taxes owed or for the entire amount of the winning bid? How could you know what the winning bid would be in advance or do you run to the bank during the lunch break? Just curious.

    ReplyDelete
  2. I would like to know the answer to the previous question as well. Also, when you buy the property what are your rights to it during the first year while the tax defaulter still has the opportunity to pay and reclaim?

    Is there a good website where I could read up on this? I live in Brossard, Quebec. The only sites I have found so far discuss US law.

    Thanks!

    ReplyDelete
  3. I would like to know the answer to the previous question as well. Also, what rights do you have over the property during the first year while the previous owner is able to repay what the property was sold for?

    Does anyone know of a good website I can read up on this? I live in Brossard, Quebec and have been searching around a little but all I seem to find is information on laws in the US?

    ReplyDelete
  4. Go to ville de Montreal's website, then:

    Ville de Montreal>taxes>property tax sale.

    You should find all your info. Cheers!

    ReplyDelete

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