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Notice of Public Auction Sale - Redeemed Property
 
Under the authority of IRC section 7506, the property described below will be sold at public sale on an open occupancy basis. The United States redeemed this property under the provisions of IRC Section 7425, USC Section 2410, Title 28, on August 10, 2012. The property was deeded to the United States on August 16, 2012. The sale will be by public auction as follows:
 
 
Date:10/30/2012
Time:10:00 AM
 
Pictures will be posted soon
 
Sale Location: Knox County Courthouse, 400 W. Main St., Knoxville, TN 37902
 
Title Offered: Only the right, title and interest of the United States of America in and to the property will be offered for sale. If requested, the Internal Revenue Service will furnish information about possible encumbrances, which may be useful in determining the value of the interest being sold.
 
Description of Property: Property is a 2,064 (1,536 heated) sq. ft. home, situated on 0.5 acres, located at 1704 Loflin Cir., Knoxville, TN 37922.
 
Property May Be Inspected at:
Drive-By Only, Anytime
 
Legal Description: Known as: 1704 Loflin Circle, Knoxville, TN 37922; Parcel No. 144MC-016. See Link Below for Complete Legal Description.
 
Minimum Bid: $60,000.00
 
Bid Note: The Government reserves the right to reject any and all bids and to withdraw any portion or all of the property from the sale.
 
Click here for Notice of Encumbrances
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Click here for Legal Description
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Click here for photos of property
 
The Terms of Payment: A deposit equal to 20% of the highest bid on the property is required. The balance of the purchase price must be paid in full by 4:00 PM on November 30, 2012. If the highest bidder defaults in payment of the bid price, and the property is not sold for at least the amount of the highest bid, the bidder’s deposit will be retained pending final determination of the damages the Government sustained because of the bidder’s default. If damages are more than the amount of the bidder’s deposit, the bidder will be liable for the excess damages.
 
Form of Payment: All payment must be by cash, certified, cashier´s or treasurer´s check drawn on any bank or trust company incorporated under the laws of the United States. Payment may also be made by any United States Postal, bank, express or telegraph money order. Make check or money order payable to the United States Treasury. The Area Director will issue a Quit Claim Deed to the successful bidder as soon as possible after full payment of the purchase price.
 
For additional information about the property and proposed sale, please contact the following office:
Name:Paul Reed
Title: Property Appraisal & Liquidation Specialist
Bureau: Internal Revenue Service
Address: 1899 Powers Ferry Rd., Ste. 250
Atlanta, GA, 30339
Phone: (770) 826-1271
 
Available images for this Item
Front View of Home from the Cul-de-Sac  
Front View of Home from the Cul-de-Sac
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View of Front Porch & House from Front Yard  
View of Front Porch & House from Front Yard
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View of Side of House  
View of Side of House
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View of Back of House  
View of Back of House
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View of Other Side of House  
View of Other Side of House
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For additional information, please contact Paul Reed
Updated: 10/30/2012
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