IRS Auction - Sales Ad for Encinitas, CA

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NOTICE OF JUDICIAL SALE

Under an Order of Sale of Real Property entered in United States vs. Taxpayer, as Personal Representative of the Estate of Patricia Lang; Cascade Professional Trust; Taxpayer Trustee; National Property Trust; White Memorial Center, et al, defendants; Case No. 06-CV-2648-JM-LSP in the United States District Court for the Southern District of California, will be sold by public auction.

Date:

11/4/2009

Time:

10:30 AM

Open House:

Monday 11/02/09 from 10am- 12pm. No special appointments (by appointment) will be available for viewing & inspection of the property.

Bidder Registration Time:

10:00 AM

Directions to Vista Court Complex as follows: From Interstate 5- Exit the freeway at Highway 78 and drive east approximately 7 miles. Exit Highway 78 at Melrose Drive and turn right. Proceed approximately 1/4 mile to County Complex Way. Turn right into the parking lot.
From Interstate 15-From Interstate 15 take Highway 78 west to Vista Village Drive (approximately 12 miles). Exit Highway 78 at Vista Village Drive. Turn left on Vista Village Drive and then right on Hacienda. Turn left on South Melrose. Proceed approximately 1/8 mile to the Vista Court Complex. Turn right into the parking lot.

Sale Location:

Vista Court Complex, 325 S Melrose, Vista, CA; left of courthouse entrance on sidewalk (cement benches).

Title Offered:

Contact Steven Massel, PALS

Description of Property:

Per the county assessor records; the home at 2605 Lone Jack Rd, Encinitas, California, is a 2 story, single family residence built in 1990 with a total of 3,665 square feet of gross living area, total of 9 rooms, 3 bedroom, 3 bath, 2 fireplaces, 3 car garage, pool, cabana, built-in fire-pit, built-in grill, on a 24,394 square foot lot (0.56 acres). This information is from public records and has not been verified.

Property May Be Inspected at:

See Open House.

Legal Description:

Parcel 1 of Parcel Map No. 14474, in the City of Encinitas, County of San Diego, State of California, Filed in the Office of the County Recorder of San Diego County, September 19, 1986, as File No. 86-415214 of Official Records; assessor’s parcel # 264-171-80-00. The property is more commonly known as 2605 Lone Jack Road, Encinitas, CA.

Minimum Bid:

$675,000.00

Bid Note:

*NOTE* Winning bidder may not use the property as collateral to secure a loan of this property (obtain a loan on down payment from winning bid amount). See sale terms below.

Click here for photos of property

The Terms of Payment:

See Below

Form of Payment:

See Below

TERMS AND CONDITIONS OF SALE:

The terms of sale to all persons and parties bidding sale be CASH. The successful bidder shall be required to deposit with the Property Appraisal and Liquidation Specialist cash or cashier’s check equal to ten percent (10%) of the bidder’s total bid immediately upon the property being struck off and awarded to such bidder as the highest and best bid.

Before being permitted to bid at the sale, bidders shall display to the Internal Revenue Service proof in the form of cash or cashier’s check that they are able to comply with this requirement. No bids will be accepted from anyone who has not presented proof. (cashiers check or cashiers checks are verified for registration to bid)

The remaining eighty percent (90%) of said bid price to be paid on, or before 5:00 p.m., twenty days (20) inclusive of the sale date; or no later than November 23, 2009). Payment of the balance of the purchase price must be made by certified or cashier’s check payable to the United States Treasury Department. If the bidder fails to fulfill this requirement, the deposit shall be forfeited and shall be applied to the expenses of the sale, with any amount remaining (if any) returned to the bidder. The realty shall again be offered for sale, under the terms and conditions of the judgment or decree. The United States may bid as a creditor against its judgment without any tender of cash.

The government reserves the right to reject and any and all bids. Default bids for remaining balance will be kept for pending legal damages.

Upon selling the property, the Property Appraisal & Liquidation Specialist (PALS) will issue a receipt for the deposit for 10% (or greater) of winning bid funds. Upon payment in full of the balance of highest winning bid on November 23rd, the successful bidder will receive a Certificate of Sale from PALS containing a description of the property sold (legal & common address) and the price paid. The United States will seek confirmation of the sale within approximately thirty (30) working days of the date of the sale; and upon confirmation, a deed shall be executed and delivered to said purchaser.

Possession of the property sold shall be yielded to the purchaser upon the production of the Certificate of Sale and Deed; and if there is a refusal to so yield, a Writ of Assistance may, without further notice, be issued by the Clerk of this Court to compel delivery of the property sold to the purchaser.

Upon sale by the Area Director, the Area Director shall pay the proceeds of the sale into the Clerk of the Court’s Registry. Proceeds of the sale specifically do not include distribution to any other creditor beyond payment of necessary sale expenses. The Court will enter a separate order determining the amount and priority of all interests in the subject real property.

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

Name:

Steven Massel

Title:

Property Appraisal and Liquidation Specialist

Bureau:

Internal Revenue Service

Address:

24000 Avila Rd
MS 5905
Laguna Niguel, CA, 92677-3405

Phone:

213-220-5987

Mobile: