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Under an Order of Sale of Real Property owned by the Taxpayers’ located at 918 W Balboa Blvd in Newport Beach, California, entered in the United States vs. Taxpayers’, et al, Case No. CV 08-02094-VBF (Ex) in United States District Court for the Central District of California, Western Division, the United States will offer to sell the 918 W Balboa Blvd property at public auction.
Time:11:00 AM
Open House:An Open House of this property is not available. Occupant(s) currently living in premises. Please DO NOT disturb the occupants.
Bidder Registration Time:Beginning at 10:30 AM on Day of Sale
UPDATE - New Sale Date & Lower Minimum Bid!
Sale Location: Orange County Superior Courthouse, Central Justice Center, 700 Civic Center Drive West, Santa Ana, CA. (Directly behind courthouse, before plaza of the flags)
Title Offered: Contact Steven Massel, PALS
Description of Property: County assessor description: Per the county assessor records, the home at 918 West Balboa Blvd in Newport Beach, California is a single family residence built in 1912 with a total of 785 square feet of gross living area, 1 story, a total of 3 rooms, 1 bedroom, 1 bath, a 2 car garage/carport, on a 2,500 square foot lot. This information is from public records and has not been verified.
Legal Description: Lot 10, Block 109 of Section “B”, in the City of Newport Beach, County of Orange, State of California, as per map recorded in Book 4, Page 27 of miscellaneous maps, in the office of the County Recorder of Orange County, California. APN 047-273-19, commonly known as 918 W Balboa Blvd, Newport Beach, CA
Minimum Bid: $415,000.00. *NOTE* - Winning bidder may not use the property as collateral to secure a loan of this property (See sale terms below).
Bid Note: Mail-In Bids accepted.
Click here for Mail-in Bid Form
Click here for photos of property
The Terms of Payment: 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 (delegate of the Internal Revenue Service, Area Director) cash or cashier’s check equal to twenty percent (20%) of the bidder’s total bid immediately upon the property being struck off and awarded to such bidder as the highest and best bid.

The remaining eighty percent (80%) of said bid price to be paid on or before 5:00 p.m., three days, inclusive, of the sale date, or no later than April 10, 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.

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.

The government reserves the right to reject and any and all bids.

Upon selling the property, the Property Appraisal & Liquidation Specialist will issue a receipt for the deposit. Upon payment in full of the balance of highest winning bid on April 10, 2009, the successful bidder will receive a Certificate of Sale from containing a description of the property sold (legal & common address) and the price paid. If no objections have been filed in writing in this cause with the Clerk of the Court, within fifteen (15) days of the date of the sale, the sale shall be confirmed without necessity of motion, and the Internal Revenue Service, Area Director shall be directed by the Clerk of the Court to execute and deliver his deed 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.

The Area Director shall apply the proceeds of the sale to reasonable expenses of sale incurred by the Internal Revenue Service; and then in the following order of priorities:

1) in satisfaction of any unpaid property taxes owing to the County of Orange as secured against the property on the date of sale;
2) to Countrywide Home Loans, in satisfaction of its secured claim;
3) to the Federal Tax Lien(s) owed the Internal Revenue Service, in partial satisfaction of the taxpayer’s outstanding tax liabilities for tax year 1992.
4) If any surplus remains after making the aforesaid payments, the Area Director, or his delegate, shall so report, and return and pay the same into the registry of this Court for distribution under further order of this Court.
Form of Payment: By certified or cashier’s check payable to the United States Treasury Department.
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: (213) 220-5987
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For additional information, please contact Steven Massel
Updated: 4/8/2009
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