Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Darwin Reyes
  • Montreal, Quebec
2
Votes |
5
Posts

Need urgent responce

Darwin Reyes
  • Montreal, Quebec
Posted

I am new at this site, blogs, and market; I found this interesting site surfing for real estate investors and I think I in luck. I am in Montreal QC, Canada, fist question is, Is there any information regarding Montreal?  Second question, and more important

I know someone (close person) this person about six months ago was not able to pay the city taxes (commercial property), and the city sent a letter of pay or the property goes on the auction list, desperate this person contacted a RE agent and he referred the owner to a private lender, the taxes were paid but I just learned that one of the clauses of the loan is pay the money back by February 2017 or the lender get the property, the amount is only about 30K, I don't know all the clauses and specs of the loan contract, nor the exact date that the contract was made, but it would be ridiculous to loose the property for such amount, unfortunately the owner was not able to get the money from banks,

Note: (I commented this issue to a RE agent and the first question he asked me was. Why didn't the RE agent  (the one that referred the owner to the private lender)  tell the owner of the property to go to the bank and present the problem to them, the agent I know told me that in this cases the bank would pay the bill and add the amount to the mortgage,   Is there any truth in this?

This is and emergency if there is any information or direct contact please forward it ASAP.

Montreal QC,

Loading replies...