IRS Auction - Sales Ad for Wimberley, 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 January 12, 2012 in United States of America v. Defendants, Civil Action No. 1:11-cv-00761-ss, United States District Court for the Western District of Texas, Austin Division.

Date:

6/19/2012

Time:

10:00 AM

Sale Location:

Hays County Courthouse, 111 E. San Antonio, San Marcos, TX 78666

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:

Commercial Tri-Plex Building located at 14305 Ranch Road 12, Wimberley, TX 78676 consisting of office space as well as 2 duplexes for residential rental income. One side of the Tri-Plex has been gutted and ready to be rehabbed. Size of Tri-Plex that was office is 1950 square feet. Residential Tri-Plex part has duplex consisting of 1536 and 1632 square feet respectively. Parking space is also available.

Property May Be Inspected at:

By Drive-By Only

Legal Description:

A .518 acre tract of land out of the Amasa Turner Survey, Hays County, Texas, said 0.518 acre tract being a portion of that tract of land described in a Deed of Trust from Adeline Kingrey et vir to Tom G. Oliver, Jr., Trustee, by instrument dated May 9, 1972, of record in Volume 146, Page 689, Hays County, Deed Records; said 0.518 acre tract being more particularly described by metes and bounds in Exhibit “A”, Hays County Deed Records, Volume 324, Page 483: Further the right of ingress and egress, and the free and uninterrupted use, liberty and easement of passing in and along a certain 0.078 acre tract of land adjacent to the property herein described, such 0.078 acre tract being more particularly described by metes and bounds in Exhibit “B”, Hays County Deed Records, Volume 324, Page 484.

Inventory Note:

Hays County Appraised Value: $289,780.00

Minimum Bid:

$140,000.00

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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 Western 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 $30,000.00, made payable to the United States District Court for the Western 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 Western 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 19, 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: