IRS Auction - Sales Ad for Mineral Wells, TX

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NOTICE OF JUDICIAL SALE

Under a Final Judgment dated December 21, 2011 entered in United States of America v. Taxpayer, in the United States District Court for the Northern District of Texas, Fort Worth Division in Case No. 4:10-CV-787-Y, the United States will offer to sell at public auction the real property located 1700 Metropolitan Highway 379, Mineral Wells, Texas 76067, and more particularly described as:

Date:

10/4/2012

Time:

10:00 AM

SALE TIMES: PROP#1 - 10:00AM; PROP#2 - 10:15AM

Sale Location:

1700 Metropolitan Highway 379, Mineral Wells, Texas 76067

Title Offered:

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 defendant.

Description of Property:

1st property -Total of 17.07 acres: includes house, commercial building & surrounding land which also includes pond. MINIMUM BID - $60,000.00

2nd property - 25 acres of unimproved land with large pond. MINIMUM BID - $25,000.00

Property May Be Inspected at:

Sale Location, on Sale Date, 2 Hours Prior to Sale (8:00 - 10:00 AM)

Legal Description:

FIRST PROPERTY:

BEING 0.978 acres out of the Southwest Quarter of Section 26, T.&P. RR. Co. Survey, Block “A” East of Brazos, Abstract No. 426, Palo Pinto County, Texas.

Being two and one half (2 ½) acres of land out of Section 26, T.&P RY Company Survey, Block “A” East of the Brazos River, Abstract 426 in Palo Pinto County, Texas. And

Being a 13.6 acres of land more or less, out of the Southwest ¼ of Sec. 26 T. &P. R.R. Co. Survey, Block “A” East of the Brazos River Abstract No. 426 in Palo Pinto County, Texas.

SECOND PROPERTY:

Being 25.0 Acres of land out of Section No. 26, T.P. R.R. Co. Survey, Block “A” E.O.B., Abstract No. 1139, Palo Pinto County, Texas.

Minimum Bid:

See Description of Property, Above

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The Terms of Payment:

See Below

Form of Payment:

The successful bidder shall be required to deposit at the time of the sale with the IRS, Property Appraisal and Liquidation Specialist, $20,000.00, 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.

TERMS OF SALE:

Before being permitted to bid at the sale, bidders shall display to the IRS 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 IRS, Property Appraisal and Liquidation Specialist, no later than October 25, 2012, 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 the defendant. 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 unless someone objects to the sale. Upon the confirmation of the sale, the IRS shall execute and deliver a deed conveying the property to the purchaser. On confirmation of the sale, all rights, 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 property will be sold without appraisal. 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 of America. 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.

The sale is ordered under 28 U.S.C. §§ 2001, 2002 and 2004, and is made without right of redemption.

IMPORTANT INFORMATION:

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 an Order of Sale to collect unpaid federal taxes obtained by the Department of Justice.

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

Name:

Patricia Hall

Title:

Property Appraisal and Liquidation Specialist

Bureau:

Internal Revenue Service

Address:

4050 Alpha Road
MC 5105 NDAL
Farmers Branch, TX, 75244

Phone:

214-422-7386

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