IRS Auction - Sales Ad for Dallas, TX

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NOTICE OF JUDICIAL SALE

Under an Order of Judicial Sale entered in the United States of America vs.the Taxpayer, the United States will offer to sell at public auction property located at 5844 Lakehurst Avenue, Dallas (Dallas County), Texas 75230.

Date:

2/17/2010

Time:

11:00 AM

Open House:

February 10, 2010 from 10:00 A.M. until 4:00 P.M.

Sale Location:

5844 Lakehurst Avenue, Dallas, TX 75230

Title Offered:

Contact Mary Beth Justice-Hillard, PALS

Description of Property:

A two story house containing 4,860 square feet located in the beautiful and prestigious Lakes of Preston Hollow, which is one of the most desirable neighborhoods in Dallas, TX. The house has a casual French design with a slate roof, a three-car garage, and a dining room view of gardens and a waterfall that cascades into the pool. Additionally there is a gourmet kitchen. The master suite has a wood-burning fireplace in the sitting room. There is a handsome library with custom bookshelves. Three bedrooms are located upstairs with a bath for each. The house has 2 wet bars and 5 fireplaces.

Property May Be Inspected at:

See Open House

Legal Description:

Lot One (1), Block B/5515 of the Lakes of Preston Hollow Addition, an addition to the City of Dallas, Dallas County, Texas, according to the plat thereof recorded in Volume 95022, Page 546, map records, Dallas County, Texas.

Minimum Bid:

$1,400,000.00

Click here for photos of property

The Terms of Payment:

See Below

Form of Payment:

See Below

Terms and Conditions of Sale:

IMPORTANT INFORMATION The property will be offered for sale at public auction and sold to the highest bidder, under the terms and conditions of sale that are set forth below, foreclosing all of the right, title and interest of the defendants.

The successful bidder shall be required to deposit at the time of the sale with the Internal Revenue Service, a minimum of ten percent (10%) of the bid, with the deposit to be made by certified check or cashier’s check, payable to United States District Court, immediately upon the real property being struck and awarded to the highest and best bidder. Before being permitted to bid at the sale, bidders shall display to the Internal Revenue Service proof that they are able to comply with this requirement. No bids will be received from any one who has not presented that proof.

The balance of the purchase price for the property shall be paid to the Internal Revenue Service, Property Appraisal and Liquidation Specialist, within thirty (30) days after the date the bid is accepted, by a certified or cashier’s check, payable to the United States District Court. If the successful bidder fails to fulfill this requirement, the deposit shall be forfeited and shall be applied to cover the expenses of the sale, with any amount remaining to be applied to the federal tax liabilities of Eleanor Mowery Sheets, John Nicholas Sheets, and/or The Mowery Sheets Estate Family Trust. The real property shall be again offered for sale under the terms and conditions of the order of sale.

The sale of the property will confirm itself within thirty-five (35) days from the date of the sale, unless someone objects to the sale. Upon the confirmation of the sale, the Internal Revenue Service shall issue the buyer a deed. On confirmation of the sale, all rights, interests in, liens against, or claims to this property that are held or asserted by any parties to this action, are discharged and extinguished. The property will be sold without appraisal, subject to any unpaid property taxes or other priority interests to satisfy the Judgment. The government reserves the right to reject any bids and to withdraw the property from sale. The sale shall be subject to building lines if established, all laws, ordinances, and governmental regulation (including building and zoning ordinances), affecting the premises, and easements and restrictions of record, if any.

The property is offered for sale “where is” and “as is” and without recourse against the United States. The United States makes no guaranty or warranty of condition of the property, or its fitness for any purpose. The United States will not consider any claim for allowance or adjustment or for the rescission of the sale based on failure of the property to comply with any expressed or implied representation.

This is not an advertisement of a sale of seized property. This is an information notice only regarding a sale being conducted by the Internal Revenue Service as a result of the foreclosure of an Internal Revenue Service Federal Tax Lien by the Department of Justice.

For additional information about the property and proposed sale, please contact the following office:

Name:

Mary Beth Justice

Title:

Property Appraisal and Liquidation Specialist

Bureau:

Internal Revenue Service

Address:

9430 Research Blvd.
Stop 6051 AUNW
Austin, TX, 78759

Phone:

(512) 415-3856

Mobile: