Lot 28 of 36:
40 Acres, Ontario, CANADA  
Click image to enlarge
Lot closed - unsold

This is a Bid & Assume item
The winning bid will be the DOWN PAYMENT on the Property!

Your DOWN PAYMENT will be deducted from the assumable balance of $29,741!

Your payments will be $299 month at 8.5% plus a one time processing fee of $199 and a 15% buyer's premium on your down payment amount only.

Guaranteed Financing is offered by the seller to the winning bidder!
Guaranteed Free & Clear Title!

Owner Financing!        No Credit Checks!        No Qualification to Own!

“Chimo” is an Inuit term meaning, “I am friendly”, or “Welcome”. It is also the name of our mascot, the giant Polar Bear who greets our visitors at the entrance of town. As Chimo will tell you, Cochrane has a lot to offer any traveler 12 months of the year!

The Town of Cochrane is located in the heart of the Great Clay Belt of North Eastern Ontario. The town site was laid out in 1908 on the Old Overland Packet Trail to Moosonee. Today by road, Cochrane is 720 kilometres north of the City of Toronto and 725 kilometres east of Thunder Bay.

Cochrane is located in the Arctic Watershed. All rivers from here flow north into James Bay and eventually into the Arctic Ocean. The large rivers that drain this section of Ontario provide many recreational opportunities such as canoeing, fishing and camping. As well, they provide ample hydroelectric power.

The Town lies on the forty-ninth parallel. As such, its latitude is the same as the greater part of the border between the United States and Western Canada. The climate of Cochrane is modified continental, characterised by four distinct seasons. The summer offers long daylight hours that enhance recreation.

Incorporated in 1910, the Town was named after the Honourable Frank Cochrane, then Minister of Lands, Forests and Mines. Today the Town has a population of about 5457 and functions as a service centre for a wide tributary area. It also provides business services for residents and has a strong base in forest industries, farming and government services. All of these activities give the Town a reasonably stable economic base.

Today, the Town of Cochrane is a modern, progressive community. Its residential nature is quite different from the Town's early beginnings. Fortunately, the early builders had the foresight to survey the streets and avenues in grand proportions. The wide, tree-lined avenues regulate a low-density development pattern that is nevertheless reasonably compact and segregated into particular land use areas.

Cochrane is served by Highway 11, the northern route of the Trans-Canada Highway, and by Ontario Northland Transportation Commission.

A variety of communications services are also available thanks to the partnership between the Cochrane Public Utilities Commission and the Ontario Northland Telecommunication Commission.

Item # 06163
APN SW1/4, N1/2, LT 6, CONCESS 4,COULSON TP, COCHRANE DIST.#3030
Parcel Size (Approx) 40 Acre
Location Ontario, CANADA
Interest Rate  8.5% Time-Limit To Build None
Power Must Call County Phone Must Call County
Water Must Call County Sewer/ Septic Must Call County
Roads Must Call County Taxes $100.00
Dues None Terrain  
Zoning Agricultural,Residential County Phone  

Tags: Foreclosures & Seized Property Closeouts

Categories: Land, Bid & Assume

Coming soon ...

Coming soon ...

Terms and conditions

Contract

Your Bid is a Contract.
 
Place a bid only if you're serious about buying the item. If you are the successful and winning bidder, you have entered into a legally binding contract to purchase the property bid on from the seller. You should contact the seller to resolve any questions before bidding.
 
Payment Commitment

YOU acknowledge that if you are the winning bidder, there will be an initial payment of $50 USD charged to your credit card on file.

You understand that this payment is to secure your purchase and will be deducted from your invoice total. You also acknowledge that you have three (3) business days to contact GovernmentAuction.com to arrange payment for the remaining balance.

If you do not contact GovernmentAuction.com you acknowledge that your credit card will be charged the remaining balance on the fifth (5) business day.

 
Payment Details
NOTE** Make sure before bidding that you read all the terms for the specific Lot you are bidding on.
 
Land - Straight Sale: What you bid is the price for this property plus a 15% buyer’s premium and low processing fee of $249.00. Most images are of the general area and may not be of actual property.
 
Land - Bid and Assume: Your bid is for the down payment and then you will assume the low balance/monthly payments noted in the terms section of the property you have won plus a 15% buyer’s premium and a low processing fee of $199.00. Most images are of the general area and may not be of actual property.
 
We charge $6 per month collection fee - yearly taxes will be prorated over 12 months. The Collection fee and yearly taxes will show on your payment coupon along with your monthly payment.
 
Taxes
Local Taxes Apply
 
Terms and Conditions
All parcels must be paid for within 5 working days by the respective purchaser. A few properties will be offered as Bid and Assume sales. Your bid on these types of properties is your down payment, you then will assume the low balance and low monthly payment (noted in the terms on that specific property). You will be able to identify these foreclosure properties by their listing lines (Bid and Assume with monthly payment). GovernmentAuction.com will prepare all paperwork to insure a proper transaction. Once paid in full, property will be deeded by legal binding warranty deed.
 
Online Bidding
You are required to keep your login information in a safe and secure location. For this reason, the person posting bids online is assumed to be the account holder. Bids may be retracted up to 1 hour before the start of auction, however anytime thereafter, your bid is your contract.