IRS Auction - Sales Ad for Brookfield, WI

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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 Judgment and Order of Sale entered June 29, 2020 in United States of America v. Marsha Magestro; Jeremy Rezach; Federal National Mortgage Association; City of Brookfield; Portfolio Recovery Associates, LLC; Law offices of Mark S. Knutson; Cottonwood Financial Wisconsin, LLC; and Soft Water, INC. defendant, Civil No. 2:18-cv-397-LA , United States District Court for the Eastern District of Wisconsin.

Date:

1/13/2021

Time:

11:00 AM

Open House:

1/13/2021, 9:00 - 11:00 AM
By Appointment Only - Contact Jennifer Breuchaud at (618)713-0421 for Appt.

Bidder Registration Time:

9:00 - 11:00 AM

** Anyone attending the open house or auction will be required to wear a mask and maintain a social distance of six feet apart.

Sale Location:

615 Forest Grove Court, Brookfield, WI 53005

Title Offered:

Only the right, title and interest of Marsha Magestro; Jeremy Rezach; Federal National Mortgage Association; City of Brookfield; Portfolio Recovery Associates, LLC; Law offices of Mark S. Knutson; Cottonwood Financial Wisconsin, LLC; and Soft Water, INC., in and to the property will be offered for sale. If requested, the Internal Revenue Service will furnish information about possible encumbrances, which may be useful in determining the value of the interest being sold.

Description of Property:

Single Family Residence on a cul de sac - 6BR, 2 1/2BA, 2-car garage, fireplace, finished basement, on .49-acre lot.

Property May Be Inspected at:

Open House - See Above

Legal Description:

Lot 12, in Forest Grove Subdivision, being a Subdivision of part of the Southwest ¼ of the Northwest ¼ of Section 36, Township 7 North, Range 20 East, in the City of Brookfield, Waukesha County, Wisconsin.

Minimum Bid:

$90,000

Click here for Mail-in Bid Form
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Click here for Order of Sale

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Click here for photos of property

The Terms of Payment:

See Below

Form of Payment:

All payments must be by 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 Wisconsin.

TERMS AND CONDITIONS OF SALE:

The sale of the property shall be free and clear of any interests of Marsha Magestro; Jeremy Rezach; Federal National Mortgage Association; City of Brookfield; Portfolio Recovery Associates, LLC; Law offices of Mark S. Knutson; Cottonwood Financial Wisconsin, LLC; and Soft Water, INC.

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 20% of the minimum bid, made payable to the United States District Court for the Eastern District of Wisconsin. Before being permitted to bid at the sale, all bidders shall display proof that they are able to comply with this requirement (showing the certified funds to the PALS conducting the sale). 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 for the Eastern District of Wisconsin, at the office of the Internal Revenue Service, 380 Office Ct Fairview Heights, IL 62208, on or before 3:30 p.m., Forty-Five (45) days from the date the bid is accepted.

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 Waukesha County, Wisconsin, shall cause transfer of the property to be reflected upon that county’s register of title.

The sale is ordered in accordance with 28 U.S.C. Section 2001 and is made without the right of redemption.

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.

***************************IMPORTANT INFORMATION***************************

This is not an advertisement of a sale of administratively seized property. This is an information notice only regarding a sale 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.

Members of the public attending the auction are prohibited from carrying/possessing a firearm(s) at the auction, even if carrying/possessing a firearm(s) is otherwise permitted under state or local law. The term 'firearm' means any weapon (including a starter gun) which will or is designed to or may readily be converted to expel a projectile by the action of an explosive.

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

Name:

Jennifer Breuchaud

Title:

PALS

Bureau:

IRS

Address:

380 Office Court
Fairview Heights, IL, 62208

Phone:

(618) 713-0421

Email: