IRS Auction - Sales Ad for Princeton, MN

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NOTICE OF JUDICIAL SALE

Under an Order of Judicial Sale entered in United States of America vs. Taxpayer; Civil No. 07-4083 (USDC D. Minn.), signed on July 16, 2008, the United States will offer to sell at public auction property located in Mille Lacs County, Princeton, MN.

Date:

7/16/2009

Time:

1:00 PM

Open House:

Thursday, July 9, 2009, from Noon to 2:00 PM

Bidder Registration Time:

Beginning at 12:00 Noon

Sale Location:

1009 10th Avenue North, Princeton, MN 55371

Title Offered:

See Below

Description of Property:

Home built in 1972 - located at 1009 10th Avenue N in Princeton, MN. Split entry. Upper level has kitchen, full bath, living room and 3 bedrooms. Lower level consists of utility room, den, 1 bedroom and half bath. 1008 square feet per level plus a 776 sq ft attached garage. Home is situated on an 11,500 sq ft lot. Forced air heating system and central air. Concrete block foundation, double hung windows, and carpet and linoleum throughout.

Legal Description:

Property ID #24-840-0040. Block 1, Lot 4, Triangle Court, Mille Lacs County, Princeton, Minnesota.

Minimum Bid:

$76,380

Click here for Mail-in Bid Form
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The Terms of Payment:

See Below

Form of Payment:

See Below

TERMS AND CONDITIONS OF SALE:

The successful bidder shall be required to deposit with the Internal Revenue Service (IRS), Property Appraisal and Liquidation Specialist, $7,638 (10% of minimum bid) by certified or cashier’s check or cash payable to the United States District Court for the District of Minnesota, immediately upon the Property being struck off and awarded to the highest bidder. Before being permitted to bid at the sale, bidders shall display to the IRS proof that they are able to comply with this requirement. No bids will be received from any person(s) who have not presented proof that, if they are the successful bidder(s), they can make the payment required by this Order of Sale.

The balance of the sale price must be tendered to IRS by certified funds, payable to the United States District Court for the District of Minnesota no later than sixty (60) days after the sale is confirmed by the court. If the bidder fails to fulfill this requirement, the deposit shall be forfeited and the Property shall again be offered for sale or sold to the second highest bidder without further permission of the Court under the terms and conditions of the Order of Sale. The United States may bid as a creditor against its judgment without tender of cash.

The government reserves the right to reject any and all bids and to withdraw the Property from sale. The sale shall be free and clear of the interests of Steven P. Henchen. The sale shall be subject to building lines, if established, all laws, ordinances, and governmental regulation (including building and zoning ordinances), affecting the Property, and easements and restrictions of record, if any.

The sale is ordered pursuant to 28 U.S.C Sec. 2001(a), and is made without right of redemption.

The Property is offered “as is” and “where is” and without recourse against the United States. The United States makes no guaranty or warranty 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.

The sale of the Property is subject to confirmation by the Court. On confirmation of the sale and receipt of the entire purchase price, the IRS shall execute a deed of judicial sale conveying the Property to the purchaser. On confirmation of the sale, all interests in, liens against, or claims to the Property that are held or asserted by all parties in Civil No. 07-4083 RLE, are discharged and extinguished.

IMPORTANT INFORMATION:

This is not an advertisement of a sale of seized property. This is an information notice only regarding a sale being conducted by the IRS as a result of the foreclosure of an IRS Federal Tax lien by the U.S. Department of Justice.

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

Name:

Janell Petersen

Title:

Property Appraisal & Liquidation Specialist

Bureau:

IRS

Address:

6200 Shingle Creek Parkway
Suite 610
Brooklyn Center, MN, 55430

Phone:

000-000-0000

Mobile: