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NOTICE OF JUDICIAL SALE
 
Pursuant to an Order of Foreclosure and Sale entered in United States vs the Taxpayer, et al, Civil Action No: 4:15-CV-1787-VEH, the United States will offer to sell at public auction, to the highest bidder, according to law and pursuant to the terms and conditions set in herein, the property described below:
 
 
Date:5/18/2017
Time:11:00 AM
 
Open House:5/18/2017 (Sale Day), 9:00 – 11:00 AM
 
Bidder Registration Time:9:00 - 11:00 AM
 
Sale Location: 1733 Forrest Avenue, Gadsden, AL 35901
 
Title Offered: The property shall be offered for sale at public auction, free and clear of all liens and interests of the parties to this action.
 
Description of Property: Commercial Building in Downtown Gadsden, AL
 
Property May Be Inspected at:
Drive-By Viewing and Open House (on Sale Day), See Above
 
Legal Description: Property Address: 1733 Forrest Avenue, Gadsden, AL 35901
Parcel # 15-03-05-2-000-125.000; PPIN 36719

See Link Below for Legal Description
 
Minimum Bid: $50,000.00
 
Click here for Mail-in Bid Form
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Click here for Legal Description
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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 or Cashier’s Check made payable to the Clerk of the United States District Court for the Northern District of Alabama.
 
TERMS AND CONDITIONS OF SALE:

No bid (except for bids made by the United States) shall be accepted by the IRS, unless the same is accompanied by a certified check or cashier’s check, in an amount of (20) percent of the minimum bid made payable to the Clerk of the United States District Court for the Northern District of Alabama. Before being permitted to bid at the sale, all bidders shall display to the IRS proof that they are able comply with this requirement. No bids will be received from any person who has not presented proof that, if he or she is the successful bidder, he or she can make the deposit required by the Order.

The successful bidder shall tender the balance of the purchase price, in certified funds payable to the Clerk of the United States District Court for the Northern District of Alabama, at the office of the IRS on or before sixty (60) days from the date of the sale.

In the event the successful bidder defaults on any of the terms contained in the Order, the deposit shall be forfeited and retained by the IRS as part of the proceeds of sale, and the real property shall again be offered for sale, without further permission of the Court, under the terms and conditions of the Order, or, in the alternative the real property shall be sold to the second highest bidder.

The United States may bid as a creditor against its judgments without tender of cash.

The sale of the real property shall be subject to confirmation by the Court. Upon confirmation of the sale and receipt of the entire purchase price, the Court shall issue and the IRS shall deliver to the purchaser, a deed conveying the real property to the purchaser. Upon confirmation of the sale, all interests in, liens against, or claims to, the real property that are or may be asserted by any of the 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 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.
 
For additional information about the property and proposed sale, please contact the following office:
Name:Roberta Colee
Title: Property Appraisal and Liquidation Specialist
Bureau: Internal Revenue Service
Address: 109 S Highland
Room 103 Fed. Bldg.
Jackson, TN, 38301
Phone: (731) 265-8621
Mobile: (731) 225-5011
 
 
Available images for this Item
Front View of Bldg  
Front View of Bldg
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Front Parking Lot of Salvage Co.  
Front Parking Lot of Salvage Co.
Top of the Page
 
For additional information, please contact Roberta Colee
Updated: 5/16/2017
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