IRS Auction - Sales Ad for McAllen, TX

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NOTICE OF JUDICIAL SALE

Under the authority in Title 28 U.S.C., Sections 2001, 2002, and 2004 the property described below will be sold pursuant to a Judgment and Order For Foreclosure Sale and To Vacate Real Property entered September 30, 2011 in United States of America v. Defendants, Civil No. 7-08-CV-158, United States District Court for the Southern District of Texas, McAllen Division.

Date:

6/21/2012

Time:

9:00 AM

Open House:

June 20, 2012 > 4:00 - 6:00 PM

Sale Location:

Hidalgo County Courthouse, Front Portico, Edinburg, Texas

Title Offered:

The property shall be offered for sale at public auction, free and clear of all liens and parties to this action.

Description of Property:

Single Family Residence located at 1713 Iris, McAllen, TX 78501. Residence contains 2,779 sq ft and was built in 1982. Property is fenced and has a back yard pool. Property lies in the back South side of a beautiful cul-de-sac.

Property May Be Inspected at:

Open House, See Above

Legal Description:

Lot 10, Block 13, Broadlawn Terrace No. 3 to McAllen, according to Map or Plat
Thereof, filed in the Office of the County Clerk of Hidalgo County, Texas;

SUBJECT TO an easement over the North Five (5) feet of the property as
Shown in Recorded Plat;

SUBJECT TO Oil and Gas Lease recorded in Volume 202, Page 300, Oil and
Gas Records of Hidalgo County, Texas;

SUBJECT TO all minerals reserved deeds recorded in Volume 932, Page 570,
And Volume 990, Page 170, Deed Records of Hidalgo County, Texas;

SUBJECT TO Building Restrictions shown in document recorded in Volume 981
Page 327, Deed Records of Hidalgo County, Texas;

SUBJECT TO Rules, regulations, easements and rights-of-way of Hidalgo
County Water Improvement District No. 3;

SUBJECT TO Zoning ordinances of the City of McAllen.

Inventory Note:

Hidalgo County Appraised Value: $188,694.00

Minimum Bid:

$100,000.00

Click here for Mail-in Bid Form
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The Terms of Payment:

See Below

Form of Payment:

All payments must be by cash, certified check, cashier’s or treasurer’s check or by a United States postal, bank, express, or telegraph money order. Make check or money order payable to the United States District Court for the Southern District of Texas.

TERMS AND CONDITIONS OF SALE:

The sale of the property shall be free and clear of any interests of the defendants.

The sale shall be subject to building lines, if established, all laws, ordinances, and governmental regulations (including building and zoning) affecting the property, and easements and restrictions of record, if any.

No bid shall be accepted unless it is accompanied by a certified check or cashier’s check, in the minimum amount of $10,000.00, made payable to the United States District Court for the Southern District of Texas. Before being permitted to bid at the sale, all bidders shall display proof that they are able to comply with this requirement. No bids will be received from any person who has not presented said proof.

The successful bidder shall tender the balance of the purchase price, in certified funds payable to the United States District Court of the Southern District of Texas, at the office of the Internal Revenue Service, Attn: Mary Beth Justice-Hillard, PALS, 12301 Research Blvd., MS: 6051AUNW, Austin, TX 78759, on or before July 23, 2012.

In the event the successful bidder defaults on any of the terms contained herein, the deposit shall be forfeited and retained by the Internal Revenue Service as part of the proceeds of sale, and the real property shall again be offered for sale or sold to the second highest bidder.

The sale of the property shall be subject to confirmation by the court. Upon confirmation the Internal Revenue Service shall execute and deliver to the purchaser a quit claim deed conveying the property. Upon confirmation all interests in, liens against, or claims to the property that are held or asserted by all parties to this action are discharged and extinguished.

The United States reserves the right to reject any and all bids and to withdraw the property from sale.

********************************IMPORTANT INFORMATION*********************************

This is not an advertisement of a sale of seized property. This is an information notice only regarding an auction 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.

The government reserves the right to reject any and all bids and to withdraw the property from sale.

The property is offered for sale “as is” and “where is” and without recourse against the United States. The United States makes no guarantee 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.

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:

12301 Research Blvd.
Stop 6051AUNW
Austin, TX, 78759

Phone:

(512) 415-3856

Mobile: