Tax Sales Hub Tax Sales Hub Investments

Tax Sale Property in Lamont, Alberta
5131-48 Avenue
LINC: 0020323788 ‐ SHORT LEGAL: 1708KS;B;6

Property Unique ID: EN5WdJjR

  • Status: Inactive
  • Sale Type: Public Auction
  • Tax sale date: Feb 25, 2021
  • Release date: Jan 15, 2021
  • Province: Alberta
  • Municipality: Lamont
  • Address: 5131-48 Avenue
  • LINC: 0020323788
  • SHORT LEGAL: 1708KS;B;6
  • Property size: Unknown
  • Zoning: Unknown
  • Near water? No
  • Property on a lake or a bay or a river? No
  • Waterfront? No
  • Accessible by public/private road? Yes
  • House or cottage on the property? No
  • Other structure on the property? Yes
  • Farmland? No
  • Residential? Unknown
  • Commercial or industrial? Unknown
  • Vacant land? Unknown
  • Redeemable No
Title Search Report

Title Search Report

Do you want to know everything about the property before buying it?

Find out what mortgages, liens, etc. will affect the property after the tax sale.

The listed price is for a single pin; for multiple pins within a tax sale, reach out to us to determine the cost of a title search.

$149.95
Available only for active tenders

Become a member and save save more than 50% on every Title Search Summary purchase!

Minimum Bid

$0.00

Assessed Value

Unknown

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  • Property Unique ID: EN5WdJjR
  • Published: January 21, 2021

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Description

The Town of Lamont will offer for sale, by public auction, at the Lamont Recreation Centre Meeting Room, 4848 49 St, Lamont, Alberta, on Thursday, February 25, 2021, at 10:00 a.m.

Each parcel will be offered for sale, subject to a reserve bid and to the reservations and conditions contained in the existing certificate of title.

The land is being offered for sale on an “as is, where is” basis, and the Town of Lamont makes no representation and gives no warranty whatsoever as to the adequacy of services, soil conditions, land use districting, building and development conditions, absence or presence of environmental contamination, or the developability of the subject land for any intended use by the purchaser. No bid will be accepted where the bidder attempts to attach conditions precedent to the sale of any parcel. No terms and conditions of sale will be considered other than those specified by the Town of Lamont.

The Town of Lamont may, after the public auction, become the owner of any parcel of land not sold at the public auction.

Terms: Payments by certified cheque or bank draft only. The successful bidder must, at the time of the sale, make a non-refundable ten percent (10%) deposit payable to the municipality, with the balance of the purchase price within 30 days of the public auction.

Successful bidders agree to be bound by the terms and conditions of the Town of Lamont’s standard Tax Sale Agreement, a copy of which shall be made available to prospective bidders at the Town of Lamont Office prior to the tax sale.

Redemption may be effected by payment of all arrears of taxes and costs at any time prior to the sale.

Legal Description

962063752; Current Title; 0020323788; 1708KS;B;6; Surface; 18/03/1996; 03/04/2019

Images

Tax Sale Lamont, Alberta - 0020323788 Tax Sale Lamont, Alberta - 0020323788 Tax Sale Lamont, Alberta - 0020323788 Tax Sale Lamont, Alberta - 0020323788

We cannot guarantee accuracy of the pictures and the borders of the tax sale land.

Location on Map

5131-48 Avenue

Alberta tax sale properties buyer's guide

Before you go for a tax recovery public auction you should consider the following:

Before you make a final decision to buy a property at a public auction, be aware that it is up to you to examine this property to see if it is a good investment and to investigate the statutory requirements and tax recovery public auction provisions. Is the property subject to attributable holders' easements, limits and/or adverse possession? Does the condition of the property, land use, zoning, etc. fit into your property plans? 

  1. This process is buyer beware. You must undertake due diligence with respect to all aspects of the property.

Therefore, it is important to do your homework before a public auction. We highly recommend you to check the title and encumbrances to see what will stay on the title and become your duty after the public auction.  

  1. You should check if there are any Federal or Provincial liens on title. We recommend you do a title search before going for a public auction.

A Title Search Report can be ordered from the tender page on www.taxsaleshub.ca. It'll be ready in 1-2 business days. The Report will tell you if any encumbrances will remain against the property after the tax sale. Be aware that if you purchase a property, you will acquire the land free of all encumbrances, except Crown interest, irrigation or drainage debentures and other items listed in section 423(1) of the Alberta Municipal Government Act.   

  1. You may drive past the property, but site visits are not available.

Use Google Maps Street View on the property page to have a closer look. Since Google Maps photos could be deprecated and if the property you are interested in is not so far, it's a good idea to drive there and have a look yourself. 

IMPORTANT: YOU ARE NOT ALLOWED TO GO ON PROPERTY TERRITORY. 

  1. There is no vacant possession. The successful bidder will not receive a key to the property. The successful bidder is responsible for the eviction process if necessary.
  2. You should investigate zoning, planning or building restrictions, and work orders.

Some municipal websites have a "Find Your Zoning" page, where you can find out zoning by the roll number. And, of course, you can always go to City Hall and do your research. 

  1. We recommend retaining a lawyer to protect your interests before submitting a bid.

In order to determine what interests will affect a property after a public auction, you will need to obtain an up-to-date title search report. Members can order reports directly from our site. An in-house title report specialist will prepare a "Title Search Report" in simple, easy-to-understand language. The Report will tell you if any encumbrances will remain against the property after the public auction. 

By having a Title Search Report updated 1-2 business days before the auction is going to be held, you will be able to see if any new mortgages or other significant interests against the property have been registered since your first search was conducted. You might find that they have and decide not to go for a public auction. 

  1. Decide how much you are willing to pay for the property

It’s up to the municipality to announce or not to announce the reserve selling price (minimum auction bid). The reserve bid is set at a level that is as close as reasonably possible to the market value of the parcel. Before going for a public auction, you should decide the maximum amount you are willing to pay for a property.