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OKLAHOMA COUNTY TREASURER 'S OFFICE JUNE RESALE INSTRUCTIONS/GUIDELINES ALL RESALE BIDDERS MUST BE 18 YEARS OF AGE OR OLDER, IN ORDER TO BID ON PROPERTY. THE RESALE IS A BUYER BEWARE SALE ! SALE DATE SALE LOCATION HOURS OF SALE REGISTRATION OPTIONS BUYER BEWARE Bidders can pre-register in the County Treasurer’s Office May 3 thru June 11, 2010. We will accept cash to be placed on trust deposit in our office during pre-registration. If you pre-register you will be given your bidder card at the actual resale. On June 14, 2010, registration will continue at the sale location beginning at 7:30 a.m. 1. The 2010 Resale will be held at the Oklahoma County OSU Extension Center, 930 N. Portland beginning on June 14, 2010. 2. YOU MUST HAVE CASH AT THE TIME OF THE SALE. YOU CAN NOT LEAVE TO GO GET CASH. 3. The Resale will continue from day to day between the hours of 9:00 A.M. and 4:00 P.M. until completed, recessing each day for lunch at 11:00 A.M. to 1:00 P.M. 4. All Successful Bids include the amount bid and any other taxes, cost, abstract fee, and Resale advertising. Once property is auctioned off, sale will stop. The bidder then pays for property by cash. The sale of property will continue once all transactions are complete. 5. Deeds on Property sold will be sent to the successful bidder after the same has been filed with the Registrar of Deeds in the County Clerk's Office. The Treasurer shall collect $10.00 for each deed issued and an additional filing fee of $15.00. Receipt must be submitted to the County Treasurer’s Office before the recorded deed will be given. 6. Everybody that is wanting to bid for a company must registrarr. 7. All property must be sold for a sum not less than two-thirds of the assessed value of such real estate as fixed for the current fiscal year, or for the total amount of taxes, penalties, interest and cost due on such property, whichever is the lesser. However, all statutory fees, costs due to advertising, abstracting and treasurer's cost will be included in the final bid. If there is no bid, a deed will be issued to the County, but the County cannot bid. 8. Bids can be increased in a minimum of $10.00 increments only. **9. Tax Deeds only affect satisfaction of the taxes as listed in the official Resale Advertising publications. Other classes of Taxes are not affected and all Taxes of every nature are to be paid in addition to the amount bid for any properties in the Resale. We will attempt to advise you of all types of Taxes that the Treasurer's Office knows are delinquent and payable at this time, but we will not guarantee the amount. A Resale Deed will not affect future installments as they become due on special assessments; such as paving, sewer, water, or any other lawful tax. 10. The County Treasurer's primary function is tax collection. We make every effort to see that Tax Deeds, are issued in accordance with the Statutes, but the buyer assumes all responsibility and liability on purchase. BUYER BEWARE. 11. Each bidder should research the records and inspect the property which they are considering prior to entering a bid. Some Federal, state and city liens may still exist and be valid against the property. 12. All property, although listed by publication for sale, upon which the taxes have been paid will not be called. Bidding will open and properties as listed in the newspaper will be sold in account number order. 13. No smoking or food allowed. ** Notice: While the Treasurer's Office makes every effort to ensure the correctness of the information, any error contained herein does not constitute a waiver of any tax amounts by or for the County Treasurer's Office or the Taxpayer. |