Judicial Real Estate Tax Sale
NOTICE OF JUDICAL SALE
NOTICE OF TAX SALE
The next scheduled Judicial Sale will be announced mid- March 2014. A listing of the properties will be available at that time.
CONDITIONS OF SALE
1. The Tax Claim Bureau acting as an agent of each taxing municipality on which taxes are unpaid is selling the taxable interest of the owner. It makes no guaranty or warranty whatsoever as to the existence or condition of the property, accuracy of ownership, size, boundaries, locations, existence of structures or lack thereof, liens, titles, occupancy, possession, or any other matter whatsoever affecting the property. It has attempted to comply with all statutory rules regarding notice, and retains records of such notices in its office for public inspection, but makes no guaranties or warranties whatsoever.
2. An initial bid must equal the Judicial Sale price as announced at the sale for each property. If the winning bid is $1,000.00 or less, payment must be made in full at the time the property is struck down. For any bid exceeding $1,000.00 a deposit of $1,000.00 must be paid at the time the property is struck with the balance due by 3:00 p.m. the day of the sale. All transactions must be paid by cash in the form of currency of the United States, or certified funds, such as certified check, cashier’s check or money order payable to County of Cumberland. Failure to pay the balance in full by 3:00 p.m. on the day of sale will result in loss of the $1,000.00 deposit, the sale will be voided, and the bidder will be prohibited from bidding at future tax sales. Any sale of properties that are voided by failure to be paid in full by 3:00 p.m. may be offered up again at the next scheduled sale.
3. The Judicial Sale price of the property includes all unpaid costs and fees incurred since the property has been in delinquent status. All other outstanding liens or mortgages will be divested by the Judicial Sale, except current year real estate taxes.
4. In addition to the bid price, the purchaser will be required to pay the costs of recording the deed and the applicable realty transfer taxes of 2% of the fair market value. For realty transfer taxes, fair market value is established by multiplying the current assessment of the property by the common level ratio factor for the year.
5. The Tax Claim Bureau will record a deed to the purchaser or purchaser’s nominee, after which the deed will be mailed to the address given by the purchaser. The purchaser is solely responsible for resolving any problems or difficulties in obtaining possession of the property.
6. If an owner should file exceptions or objections to the sale of a purchased property, it will be the responsibility of the purchaser to defend the validity of the sale, or negotiate with the owner for releasing the purchaser’s interest. The Tax Claim Bureau may choose to defend the validity of a sale, whether or not the purchaser does so. The Tax Claim Bureau may choose not to agree to void a sale even if the prior owner and the purchaser have agreed to do so.
7. The Real Estate Tax Law provides that: “There shall be no redemption of any property after the actual sale thereof. (501(c) of Real Estate Tax Sale Law). All sales shall be made under these conditions and will be final. No adjustments will be made after the property is struck down. If any problem of possession of the premises arises after purchase, it shall be the responsibility of the purchaser to resolve the same. The sale does not purport to convey personal property which may be on the premises.
8. It is strongly urged that the prospective purchasers have examination made of the title to the above referenced property. Every reasonable effort has been made to keep the proceedings free from error. However, in every case, the Tax Claim Bureau sale and conveyance is without guarantee or warranty, whatsoever, either as to existence, correctness of ownership, size, boundaries, location, structures or lack of structures upon the land, liens, titles, or any other matter or thing whatsoever. All sales will be made under these conditions and will be final. No adjustments will be made after the property is struck down.
9. The property may be withdrawn from the sale and offered at an adjourned sale, at the option of the Bureau.
THE PROPERTY SOLD AT THIS CUMBERLAND COUNTY TAX CLAIM BUREAU JUDICIAL SALE IS UNDER THE RULE OF CAVEAT EMPTOR, OR LET THE BUYER BEWARE, AND ALL PURCHASERS ARE ACCORDINGLY HEREBY SO NOTIFIED.
CUMBERLAND COUNTY TAX CLAIM BUREAU
MELISSA F. MIXELL, DIRECTOR
STEPHEN D. TILEY, SOLICITOR
Tax Claim has the following forms available. All forms are PDFS and require Acrobat Reader to view and download.
Get it here for free!
Printable version of Judicial Sale Terms