IRS Auction - Sales Ad for Okmulgee, OK

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NOTICE OF JUDICIAL SALE

Under the authority in Title 28 U.S.C., Sections 2001 and 2002, the property described below will be sold pursuant to a Stipulation and Order of Sale September 07, 2011 Civil No. 10-326-FHS in United States of America v. the Taxpayer, et al United States District Court for the Eastern District of Oklahoma.

Date:

6/21/2012

Time:

10:00 AM

Open House:

June 20, 2012, at 408 E. 7th St., 1:00 PM -3:00 PM

Sale Location:

Okmulgee County Courthouse, 314 W. 7th St, Okmulgee, OK 74447

Title Offered:

Only the right, title, and interest of the Taxpayer, et al. In and to the property will be offered for sale.

Description of Property:

Property A - 408 East 7th St, Okmulgee, OK 74447 - The West 53 feet of Lot 2, Block 104, in the original Townsite of the City of Okmulgee, Okmulgee County, Oklahoma. Property has house with living area upstairs and offices on the lower level.

Property B - 410 East 7th St, Okmulgee, OK 74447 - The East 47 feet of Lot 2, Block 104, in the Original Townsite of the City of Okmulgee, Okmulgee County, Oklahoma. Property has building, constructed for gym.

Property C – The West Half of Lot 1, Block 104, in the Original Townsite of the City of Okmulgee, Okmulgee County, Oklahoma - Vacant Lot

(The above three properties must be sold as one lot, All lot sizes are 100 x 140. All on same County Tax ID 1100-00-104-002-001-00)

Property May Be Inspected at:

Open House, See Above

Legal Description:

See Description of Property, Above

Minimum Bid:

MINIMUM BID FOR ALL THREE PROPERTIES - $25,000

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 Eastern District of Oklahoma.

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 amount of $2500., made payable to the United States District Court for the Eastern District of Oklahoma. 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.

Within 5 days of the sale, the successful purchaser shall tender an amount equal to 10% of the purchase price to be held as deposit. This amount shall be delivered to Internal Revenue Service, Attn: Eileen Foy, PALS, 55 N. Robinson, MS 5024, Oklahoma City, OK 73102 in certified funds and be made payable to the United States District Court for the Eastern District of Oklahoma.

The successful bidder shall tender the balance of the purchase price, in certified funds payable to the United States District Court of the Eastern District of Oklahoma, at the office of the Internal Revenue Service, Attn: Eileen Foy, PALS, 55 N. Robinson, MS 5024, Oklahoma City, OK 73102, on or before 3:30 p.m., thirty (30) business days from confirmation of the sale by the court.

In the event the successful bidder defaults on any of the termed 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. Upon confirmation of the sale, the Register of Deeds of Tulsa County, Oklahoma, shall cause transfer of the property to be reflected upon that county’s register of title.

All persons occupying the property shall leave and vacate the property permanently no later than sixty (60) days from the date of the order, taking only personal property and leaving all improvements, buildings, fixtures and appurtenances to the property. If any person fails or refuses to vacate the United States Marshal and his deputies are authorized and directed to take all actions necessary to bring about the ejectment of those persons.

The U.S. may bid as a creditor against its judgment without tender of cash up to the value of the outstanding balance on the mortgage, without tender of cash.

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:

Eileen Foy

Title:

Property Appraisal and Liquidation Specialist

Bureau:

Internal Revenue Service

Address:

55 N. Robinson
4th Floor Stop 5024
Oklahoma City, OK, 73102

Phone:

(504) 232-5649

Email: