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Notice of Public Auction Sale - Redeemed Property
 
Under the authority of Section 7506 of the Internal Revenue Code, the property described below will be sold at public sale on an open occupancy basis. The United States redeemed this property under the provisions of Section 7425 of the Internal Revenue Code on February 19, 2020. The property was deeded to the United States on February 20, 2020. The sale will be held by public auction as follows:
 
 
Date:8/7/2020
Time:10:00 AM
 
Bidder Registration Time:9:00 AM (See Below)
 
Sale Location: 5412 Faversham Drive, Richardson, TX 75082
 
Title Offered: .
 
Description of Property: 2-story, 3890 square foot home, 4 bedrooms, 4 ˝ bath, fireplace and pool; located in Wyndsor Estates, Richardson TX.


***NOTE***:
Due to the current COVID-19 pandemic, all bidders and attendees are required to practice safe social distancing (minimum of 6 feet between persons) and to wear masks.

Be advised that anyone inspecting or attending the Public Auction sale does so at their own risk and acknowledges that the Internal Revenue Service, Department of the Treasury or the United States Federal Government cannot guarantee a virus-free environment or warrant the protection of anyone from the Coronavirus (COVID-19).
 
Legal Description: LOT TEN (10), BLOCK Y, OF WYNDSOR ESTATES SUBDIVISION, NO. IV, AN ADDITION TO THE CITY OF RICHARDSON, COLLIN COUNTY, TEXAS, ACCORDING TO THE MAP OR PLAT THEROF RECORDED IN CABINET I, SLIDE 181 OF THE PLAT RECORDS OF COLLIN COUNTY, TEXAS.

Physical Address: 5412 Faversham Drive, Richardson, TX 75082
 
Minimum Bid: $250,000.00
 
Click here for Mail-in Bid Form
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The Terms of Payment: A deposit of $50,000.00 is required when the highest bid is tentatively accepted. The balance of the purchase price must be paid in full no later than September 04, 2020.
 
Form of Payment: Payment of all required deposits and the balance of the purchase price must be made by certified, cashier’s or treasurer’s check drawn on any bank or trust company incorporated under the laws of the United States. Payment may also be made by any United States postal, bank, express or telegraph money order. All checks and money orders should be made payable to the United States Treasury.

If the highest bidder defaults in payment of the bid price, and the property is not sold for at least the amount of the highest bid, the bidder’s deposit will be retained pending final determination of the damages the Government sustained because of the bidder’s default. If damages are more than the amount of the bidder’s deposit, the bidder will be liable for excess damages.

The Government reserves the right to reject any and all bids and to withdraw the property from the sale.
 
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:Patricia Hall
Title: Property Appraisal and Liquidation Specialist
Bureau: Internal Revenue Service
Address: 4050 Alpha Road
MS 5135 NDAL
Farmers Branch, TX, 75244
Phone: 214-422-7386
 
Available images for this Item
Front View of Home  
Front View of Home
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Rear View  
Rear View
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Pool  
Pool
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Living Room  
Living Room
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Formal Dining Room  
Formal Dining Room
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Kitchen  
Kitchen
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Master Bedroom Closet  
Master Bedroom Closet
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Master Bath  
Master Bath
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Media Room  
Media Room
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Huge Utility Room  
Huge Utility Room
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Small Utility Room  
Small Utility Room
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Upstairs Front Bedroom  
Upstairs Front Bedroom
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Upstairs Corner Bedroom  
Upstairs Corner Bedroom
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3rd Bedroom  
3rd Bedroom
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4th Bedroom  
4th Bedroom
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Upstairs Hall Bath  
Upstairs Hall Bath
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For additional information, please contact Patricia Hall
Updated: 6/25/2020
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