CITY OF NEW BEDFORD, MASSACHUSETTS
PUBLIC AUCTION OF TAX POSSESSIONS
FRIDAY, MAY 30, 2008
Note: Registration of Bidders shall be a requirement and will be done at the times indicated below. All prospective bidders must be aware that proper personal identification and a minimum deposit per property will be required at the time of the auction. In the event that the highest bidder chooses to withdraw from the sale for any reason, please be advised THAT THE DEPOSIT WILL BE FORFEITED. Also be further advised that due to various circumstances, such as present condition or current occupancy of some properties, the City of New Bedford cannot guarantee access to all properties. No representation as to the occupancy and condition of each property is made and potential bidders are strongly recommended to Attend Any of the Viewings of each of the Properties to Determine the Current (As Is) condition of each property. It is strongly recommended that all bidders perform all their own "due diligence" prior to the auction. Please call The Tax Title Office (508-979-1429) who will conduct the Auction viewings of the referenced properties as follow.
FOLLOWING SALES WILL BE CONDUCTED ON THE PREMISES
NON-REFUNDABLE DEPOSIT ON ALL PARCELS
The Custodian Reserves The Right to Accept or Reject Any and All Bids:
TERMS OF SALE: A minimum deposit for Land and/or Buildings will be required to be paid by bank or certified check at the time and place of the auction as earnest money (bank or certified check must be made payable to the prospective bidder, and endorsed by the accepted bidder to City Of New Bedford immediately after the conclusion of the auction). The balance of the Purchase Price is to be paid by certified or bank check within 30 days of the Sale. Time is of the Essence. Prospective bidders must have no outstanding indebtedness with the City of New Bedford. Said property will be sold "As is, Where is" and without representation or warranty as to its conditions, constitution of fitness for habitation. The accepted bidder is required to sign a Memorandum of Sale executed at the time of the Auction. In the event that the accepted bidder is unable for any reason to complete the purchase of the property the Custodian reserves the right to sell the property by Treasurer Deed to the said second highest bidder, provided the second highest bidder, shall deposit with the Custodian, the amount of the required deposit as set forth within five (5) business days after receipt of written notice of the default of the previous highest bidder and title shall be conveyed to the said highest bidder within 30 days of the required deposit. Further the Custodian reserves the right to postpone the Sale to a later time and date by public proclamation. Deposits made by unsuccessful bidders will be returned to the unsuccessful bidders at the completion of the auction. The City's primary objective of the sale is to get these parcels back on the tax roll and generate annual revenue for the City. Other terms to be announced at the sale, if any. For further information please contact the Tax Title Office of The City Of New Bedford (508) 979-1429. Sale conducted by Jay C. Kivowitz, Auctioneer, Mass. Lic. # 1344.
Note: Neither the Auctioneer or the The Tax Title Attorney nor the City of New Bedford, Massachusetts makes any representations as to the accuracy of the information contained herein
#1344 RI. LIC. #3293