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| NOTICE OF JUDICIAL SALE | |||
| Under a Judgment Reducing Tax Assessments to Judgment and Foreclosing on Real Property entered July 23, 2009 in the United States of America v The Taxpayer, et al, the United States will offer to sell at public auction property located at 5870 Green Valley Circle, Unit 211, Culver City, California. | |||
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| Date: | 12/3/2009 | ||
| Time: | 11:00 AM | ||
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| Bidder Registration Time: | 10:30 AM | ||
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| Sale Location: | Los Angeles County Courthouse at 111 N. Hill Street, Los Angeles, CA 90012 (in the courtyard between courthouse and temple behind starbucks) | ||
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| Title Offered: | Contact Karola Jenkins, PALS | |
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| Description of Property: | County assessor description: Eight hundred and eighty two (882) square foot condominium with one bedroom and one bathroom built in 1970. | ||
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| Legal Description: | PARCEL 1: A CONDOMINIUM COMPRISED OF: (A) AN UNDIVIDED 1/97TH INTEREST IN AND TO LOT 1 OF TRACT NO.36819 IN THE CITY OF CULVER CITY, AS PER MAP FILED IN BOOK 926, PAGES 49 TO 50 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF LOS ANGELES COUNTY. EXCEPT THEREFROM UNITS 1 TO 97 INCLUSIVE AS SHOWN AND DEFINED ON THE CONDOMINIUM PLAN FOR SAID LOT 1, RECORDED FEBRUARY 29, 198- AS INSTRUMENT NO. 80-208682 OF OFFICIAL RECORDS. ALSO EXCEPT THEREFROM ALL METALS AND MINERALS AND ALL OIL, NATURAL GAS, ASPHALTUM AND OTHER HYDROCARBONS, WITHOUT RIGHT OF SURFACE ENTRY, TOGETHER WITH THE RIGHT TO EXPLORE AND TO DRILL FOR AND TO PRODUCE, EXTRACT, AND TAKE METALS AND MINERALS, OIL, NATURAL GAS, ASPHALTUM AND OTHER HYDROCARBONS, TOGETHER WITH ALL RIGHTS NECESSARY AND CONVENIENT THERETO FOR ANY OR ALL OF THE ABOVE PURPOSES, INCLUDING, WITHOUT LIMITING THE GENERALITY HEREOF, SUBSURFACE RIGHT OF WAY FOR DRILLING, REPAIRING, RE-DRILLING, DEPPENING, MAINTAINING, OPERATING, ABANDONING, RE-WORKING AND REMOVING WELLS INTO AND THROUGH SAID LAND, BELOW A PLANE OF 500 FEET BELOW THE SURFACE THEREOF, AND EXCEPTING AND RESERVING THE RIGHT TO MAINTAIN PIPES AND TO TRANSPORT ANY OF SUCH SUBSTANCES AND TO CROSS AND TRAVERSE FROM OTHER LANDS BELOW A DEPTH OF 500 FEET BELOW THE SURFACE THEREOF, AND EXCEPTING AND RESERVING THE RIGHT TO MAINTAIN PIPES AND TO TRANSPORT ANY OF SUCH SUBSTANCES AND TO CROSS AND TRAVERSE FROM OTHER LANDS BELOW A DEPTH OF 500 FEET, AS RESERVED BY HOME SAVINGS AND LOAN ASSOCIATION, A CALIFORNIA CORPORATION BY DEED RECORDED MARCH 6, 1970 AS INSTRUMENT NO.666. RESERVING FROM SAID LOT 1, NON-EXCLUSIVE EASEMENTS FOR PARKING PURPOSES, WITH THE RIGHT TO GRANT SAME TO OTHERS OVER THOSE PORTIONS OF SAID LOT 1, SHOWN AND DEFINED AS P-1 TO P-155 ON SAID CONDOMINIUM PLAN. (B) UNIT 43, AS SHOWN AND DEFINED ON SAID CONDOMINIUM PLAN. 2 PARCEL(2): AN EXCLUSIVE EASEMENT FOR PARKING AND INCIDENTAL PURPOSES, OVER THAT PORTION OF SAID LOT 1, SHOWN AND DEFINED AS P-3, ON SAID CONDOMINIUM PLAN. ASSESSOR’S PARCEL NUMBER: 4134-017-167. PROPERTY COMMONLY KNOWN AS: 5870 GREEN VALLEY CIRCLE, UNIT 211, CULVER CITY, CALIFORNIA 90230-6912. |
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| Click here for photos of property | |||
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| The Terms of Payment: | See Below | ||
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| Form of Payment: | See Below | ||
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| TERMS AND CONDITIONS OF SALE The terms of sale to all persons and parties bidding sale be CASH. The successful bidder shall be required to deposit with the Property Appraisal and Liquidation Specialist cash or cashier’s check equal to twenty percent (20%) of the bidder’s total bid immediately upon the property being struck off and awarded to such bidder as the highest and best bid. Before being permitted to bid at the sale, bidders shall display to the Internal Revenue Service proof that they are able to comply with this requirement. No bids will be accepted from anyone who has not presented proof. The remaining eighty percent (80%) of said bid price to be paid on or before 5:00 pm, within three days of the date of sale. Payment of the balance of the purchase price must be made by certified or cashier’s check payable to the United States Treasury Department. Should the successful bidder fail to comply with the terms of the sale, such bidder shall be liable to the United States for twenty percent (20%) of the value of the property as a penalty, and said deposit shall be paid over and delivered to the United States to be applied toward payment of said penalty. Payment of said penalty shall not be a credit on the judgment of the United States. The realty shall again be offered for sale, under the terms and conditions of the judgment or decree. The United States may bid as a creditor against its judgment without any tender of cash. The government reserves the right to reject and any and all bids. |
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| For additional information about the property and proposed sale, please contact the following office: | |||
| Name: | Karola Jenkins | ||
| Title: | Property Appraisal and Liquidation Specialist | ||
| Bureau: | Internal Revenue Service | ||
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300 N. Los Angeles St. Stop 5850 Los Angeles, CA, 90012 |
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| Phone: | (213) 576-4380 | ||
| Email: | Karola.Jenkins@irs.gov | |
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| View of complex from the street | |||
| Top of the Page | |||
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| Entry to condominium complex | |||
| Top of the Page | |||
| For additional information, please contact Karola Jenkins | |||
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