IRS Auction - Sales Ad for Oakland, CA

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NOTICE OF JUDICIAL SALE

Under an Order of Judicial Sale entered in United States vs. defendants, Civil Action No. C-06-04578-CRB, in the United States District Court for the Northern District of California, San Francisco Division, the United States will offer to sell at public auction to the highest bidder, according to law and pursuant to the terms and conditions set herein, the properties described below.

Date:

11/19/2009

Time:

1:00 PM

Bidder Registration Time:

12:00 PM (Noon)

Sale Location:

Alameda County Superior Court, 1225 Fallon Street, Oakland, CA 94612

Title Offered:

Contact Kathryn Clark, PALS

Description of Property:

933 Mandela Way also known as 933 Cypress Street, Oakland, California 94607. This property consists of a neighborhood grocery store on the lower level and three apartments on the upper level.

Property May Be Inspected at:

Drive by only

Legal Description:

Described in the Official Records in the office of the County Recorder, Alameda County, California, as: PARCEL ONE: Beginning at a point on the western line of Cypress Street, distant thereon southerly 80 feet from the intersection thereof with the southern line of 10th Street, as said streets are shown on the map hereinafter referred to; running thence southerly along said line of Cypress Street 40 feet; thence at right angles westerly 113 feet; thence at right angles northerly 40 feet; and thence at right angles easterly 113 feet to the point of beginning. Being Lot 26, Block 552, “Map of Eight Street Tract, surveyed by T.J. Arnold, C.E.”, filed March 17, 1876, Map Book 7, Page 22, Alameda County Records. Excepting the eastern 35 feet deeded to the State of California for Highway purpose, Deed recorded under Series No. AJ-3350. Assessor’s Parcel No. 4-65-8. PARCEL TWO: Lot 27 (excepting therefrom the eastern 35 feet thereof), Block 552, Eight Street Tract, filed March 17, 1876 Map Book 7, Page 22, Alameda County Records. Assessor’s Parcel No. 4-65-9.

Encumbrances Note:

Call Kathryn Clark, PALS for information

Minimum Bid:

$337,500.00

Bid Note:

Mail-in bids accepted – must be received by November 18, 2009

Click here for Mail-in Bid Form

Click here for photos of property

The Terms of Payment:

See Below

Form of Payment:

See Below

The Terms of Payment: The successful bidder shall be required to deposit at the time of the sale with the Internal Revenue Service Property Appraisal and Liquidation Specialist, a minimum of Ten Thousand Dollars ($10,000), with the deposit to be made by certified check or cashier’s check payable to the United States Treasury. 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 bid will be accepted from anyone who has not presented that proof. The balance of the purchase price for the property is to be paid to the Property Appraisal and Liquidation Specialist at Internal Revenue Service, 55 South Market Street, HQ5410, San Jose, CA, within twenty (20) days after the date the bid is accepted, by a certified or cashier’s check payable to the United States Treasury. In the event the successful bidder defaults on any of the terms contained herein, the deposit shall be forfeited as part of the proceeds of the sale, and the real property shall again be offered for sale.
The sale of the real property shall be subject to confirmation by the Court. Upon receipt of the entire purchase price and confirmation of the sale, a deed will be issued conveying the real property to the purchaser. Upon confirmation of the sale, all interests in, liens again, or claims to, the real property that are or may be asserted by any of the parties to this action are discharged and extinguished. There are no redemption rights.
The property is offered for sale “where is” and “as is” and without recourse against the United States. The United States makes no guarantee 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.
Form of Payment: All payments must be in the form of a certified check or cashier’s check payable to the United States Treasury.

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

Name:

Kathryn Clark

Title:

Property Appraisal and Liquidation Specialist

Bureau:

Internal Revenue Service

Address:

55 South Market Street
MS-HQ5410
San Jose, CA, 95113

Phone:

(408) 817-6474

Email: