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Seeking Guaranteed Bids
 
 
 
Date:To Be Announced
Time:To Be Announced
 
The Internal Revenue Service is seeking prospective purchasers of real property in order to redeem and sell the property located at: 308 Industrial Drive, Mercedes, TX 78570
 
 
Description of Property: Commercial realty previously used as a warehouse. Improvement consists of structure containing approximately 11,250 square feet of space, located on tract of approximately 0.5 acres. Property appraised by Hidalgo County Appraisal District at $406,705.00.
 
Property May Be Inspected at:
308 Industrial Drive, Mercedes, TX (Drive-by only.) Corner of Industrial Drive and Progress Streets
 
Legal Description: All of Lot 8, Mercedes Industrial Park Amended, an Addition to the City of Mercedes, Hidalgo County, Texas, according to the map recorded in Volume 30, Page 110-B, Map Records in the Office of the County Clerk, Hidalgo County, Texas, reference to which is here made for all purposes.
 
Minimum Bid: $125,000.00
 
Bid Note: Agreement to Bid must be received no later than May 24, 2013.
 
Click here for Agreement to Bid Form
 
Click here for photos of property
 
To redeem the property under (Section 7425(d) of the Internal Revenue Code or Section 2410 of Title 28 of the United States Code), the Internal Revenue Service must obtain a written agreement to bid, secured by a deposit of 20% of the amount of the bid. The deposit should be made payable to the United States Treasury Department in the form of a cashier´s check or certified check, a bank or postal money order, a certificate of deposit, or an irrevocable letter of credit. If redeemed, the property will be sold pursuant to Section 7506 of the Internal Revenue Code subject to any prior outstanding mortgages, encumbrances, or other liens that may be superior to the lien of the United States. Agreements to bid must be accompanied by the required deposit.
 
The Agreement to Bid and deposit should be sent to:
Name:Ron May
Title: Revenue Officer
Bureau: Internal Revenue Service
Address: 1645 S. 101st E. Ave.
Stop: 5022
Tulsa, OK, 74128
Phone: 918-384-4794
 
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For additional information, please contact Ron May
Updated: 5/23/2013
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