General
Procedures
We
will accept only cash, money order, cashier's check, certified check
or a letter of credit from your financial institution for
the minimum bid. Thereafter, the balance may be paid
by personal check. If you pay by personal check and it
does not clear the bank, you will forfeit the minimum bid and legal action may
be taken to recover the remaining bid amount.
After each parcel is sold, the buyer will give his or her name,
address and how he or she wishes the deed issued and make payment to the cashiers.
(Deeds will be recorded and mailed within the next four to six weeks to the successful
bidders.)
All properties selling for over $100 will have documentary
transfer tax added to the selling price (.55 per $500). This will be computed when the
buyer makes payment.
For those wishing to bid on more than one parcel, it is essential
that they come forward after each sale and pay the total purchase price on that particular
parcel.
Refunds will be made on County checks in cases where the amount
paid is in excess of the purchase price. Issuance may take up to six weeks.
This will be an oral public auction. No written bids will be
accepted.
Bids will be raised in increments of $100 (or more) by the
auctioneer. No bids from the floor will be accepted.
Once you are awarded the final bid, the property is yours, and
you should have researched it before coming in to bid.
The title companies will not insure deeds for one year. Quiet Title
action may be needed. The deeds issued exonerate the property from all taxes owing,
all liens except those of the Federal Government, easements and special
assessments (1915 Act).
