Mar 25, 2016 Ontario Sheriff's sale of lands – Hamilton
Ontario Sheriff's sale of lands – Hamilton
Ventes de terrains par le shérif
UNDER AND BY VIRTUE OF a Writ of Seizure and Sale issued out
of the Federal Court at OTTAWA, ON dated JANUARY 7, 2010, Court
File Number ITA-7203-05, to me directed, against the real and personal
property of ROMULUS FUNDEANU, Defendant(s), at the suit of THE
MINISTER OF NATIONAL REVENUE, Plaintiff(s), I have seized and
taken in execution all the right, title, interest and equity of redemption of
ROMULUS FUNDEANU, Defendant(s) in and to:
LT 40, PL 1179, HAMILTON, the property municipally known as
20 HOLBROOK ROAD, HAMILTON, ON.
All of which said right, title, interest and equity of redemption of
ROMULUS FUNDEANU, Defendant(s), in the said lands and tenements
described above was offered by public auction on March 25, 2015 was
aborted. I shall again offer for sale by a sealed bid Auction subject to the
terms and conditions set out below.
BID PROCESS:
Signed bids must be submitted in a complete and clear manner and must
be accompanied by a deposit in the form of a money order, bank draft or a
cheque certified by a bank or trust corporation payable to the Minister of
Finance.
Signed bids must be enclosed in a sealed envelope labelled
“Sheriff’s Sale, 20 Holbrook Road, Hamilton”
Signed bids must clearly and legibly include the following:
• Amount of bid
• The address of the property of which the right, title, interest and equity
of redemption is being sold. The address being 20 Holbrook Road,
Hamilton, Ontario
• Name and address of the proposed purchaser
• Daytime phone numbers of the proposed purchaser or authorized agent
Bids must be received by the Sheriff at the John Sopinka Court House, 45
Main St, East, Hamilton, ON L8N 2B7 no later than 3:00 p.m. local time
on Friday, March 4, 2016.
Bids received after 3:00 p.m. on Friday, March 4, 2016 will not be
considered.
TERMS AND CONDITIONS:
The purchaser to assume responsibility for all mortgages, charges, liens,
outstanding taxes, and other encumbrances. No representation is made
regarding the title of the land or any other matter relating to the interest
to be sold.
Vacant possession is not included in the sale of this property. Responsibility
for ascertaining these matters rests with the potential purchaser(s).
The Sheriff may reject any or all bids that do not, in the Sheriff’s absolute
discretion, reflect the fair market value of the equity of redemption of the
lands and premises.
TERMS:
Deposit 10% of bid price or $5,000.00, whichever is greater
to be submitted with sealed bid
Deposit must be in the form of a certified cheque, bank draft
or money order made payable to the Minister of Finance.
The deposit made by the successful bidder will be non-
refundable and will be applied to the purchase price
The successful bidder will be notified within 5 days of closing
of the auction, by mail and telephone to the address and
telephone number provided on the successful bid.
The successful bidder will have ten (10) business days from
the date notified, to pay the balance of the purchase price at
the Courthouse.
All payments to be made in cash, certified cheque or bank
draft made payable to the Minister of Finance
The Sheriff will provide a Deed Poll only upon satisfactory
payment in full of purchase price.
Deposit to be returned to the unsuccessful bidders, 10
business days after the bids are opened, by mail to the address
provided by the unsuccessful bidders.
THIS SALE IS SUBJECT TO CANCELLATION BY THE SHERIFF
WITHOUT FURTHER NOTICE UP TO THE TIME OF SALE.
Note:
No employee of the Ministry of the Attorney General may purchase
any goods or chattels, lands or tenements exposed for sale by a Sheriff
under legal process, either directly or indirectly.
Dated: February 18, 2016
Rick Bray
Sheriff
City of Hamilton
45 Main Street East, Suite 126
Hamilton, Ontario L8N 2B7
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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