According to Oklahoma State Statute 68 § 3135, the County Treasurer may sell any property acquired by the County
at Resale. This is subject to approval of the Board of County Commissioners at its discretion. The Board of County Commissioners has the power to reject any and all bids.
Bids must first be presented in writing to the County Treasurer’s Office.Each bidder should research the records and inspect the property which he/she is considering prior to entering a
bid. Some Federal, State and City liens may still exist and be valid against the property.
NOTICE: WHILE THE TREASURER'S OFFICE MAKES EVERY EFFORT TO ENSURE THE CORRECTNESS OF THE INFORMATION, ANY ERROR HEREIN
DOES NOT CONSTITUTE A WAIVER OF ANY TAX AMOUNTS BY OR FOR THE COUNTY TREASURER'S OFFICE OR THE TAXPAYER.
Upon receipt of the bid, the Treasurer’s Office researches the property, taking into consideration, the location
of the property, current market value, and any delinquent taxes that were due at the time the County acquired the
property. Upon completion of research tentative approval or disapproval will be given. This procedure is used to save
the bidder the publication costs if commissioners do not wish to sell the property or do not feel the price is sufficient.
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If permission to proceed is given, the Treasurer’s Office will then prepare the official bid request. The bidder has an
option of paying the full amount of the bid in cash or paying 10% of the purchase price in CASH with the remaining balance
to be paid by personal check at the time the bid is accepted. The Treasurer will collect an additional $250.00 IN CASH
for estimated publication cost, treasurer's cost and recording fees. ALL MONIES MUST BE IN OUR OFFICE PRIOR TO PUBLICATION AND AUCTION
DATES BEING SET, AND PUT ON TRUST DEPOSIT. If a portion of the payment is by check or cashier’s check, the DEED
will not be issued to the successful bidder until proof the check has cleared is presented.
The Treasurer then sets the date, time and place for auction, and notice for publication is prepared. Said notice will
include the legal description of the property, the amount of bid and the name of such bidder, stating that on that date and
time, sale of said property so listed shall be made at such price and to such bidder, subject to the approval of the Board of
County Commissioners, unless higher bids are received at such sale.
On the date of the sale, said property will be sold by the County Treasurer to the highest competitive bidder or to the
original bidder if there be no higher price offered. The successful bidder is required to tender at least 10% of the final
sales price PLUS cost and fees in cash, with the option of paying the balance by personal check, cashiers check or cash.
Again, if the balance is paid by any means other than cash under no circumstances will the deed be issued until proof the
item has cleared is received. The sale in any event shall be subject to the approval of the Board of County Commissioners in
its discretion.
All bids must be paid in full at the end of the sale and everyone will remain at the counter until payment of the final bid
amount is paid in FULL.
Treasurer’s Office then prepares "County Treasurer’s Transcript of Proceedings" and accompanying documentation for
presentation to the Board of County Commissioners for official action.
If approval is given, the Chairman of the Board of County Commissioners will execute a deed conveying title to the purchaser
of such property.
Upon receipt of the executed deed the County Treasurer’s Office will file the deed. After the deed is recorded, the deed is
returned to the County Treasurer. The Treasurer will then contact purchaser of the property to pick up the deed.
If there is excess publication money, it is refunded to purchaser after deed is filed.
If copies of bid form are needed we must have front and back.
