OKLAHOMA COUNTY TREASURER'S OFFICE
OCTOBER LIEN SALE INSTRUCTIONS/GUIDELINES

SALE DATE
           Monday, October 2, 2006

SALE LIST
           Published August 31 & September 7, 2006

  • The Black Chronicle
  • The Journal Record
  • Oklahoma City Friday
  • The Edmond Evening Sun
  • The Bethany Tribune
  • The Midwest City Sun
  • The Del City Sun
  • The Eastern Oklahoma County News
  • The Harrah News
Copies available in the Oklahoma County Treasurer's Office.
County Treasurer's Web Site www.oklahomacounty.org/treasurer

SALE LOCATION
           Oklahoma County OSU Extension Center
           930 N Portland, Oklahoma City, OK

HOURS OF SALE
           9:00 a.m. until 4:00 p.m.

REGISTRATION OPTIONS
Pre-Registration Treasurer’s Office August 31, 2006 through September 29, 2006
7:00 a.m. until 5:00 p.m.
On-Time Registration OSU Extension Center October 2, 2006
7:30 a.m. until 9:00 a.m.
Late Registration OSU Extension Center October 2, 2006
9:01 a.m. until 4:00 p.m.

The time a person registers for this October Lien Sale determines the selection process that will be used to award individual certificates.

Bidders may pre-register in the County Treasurer 's Office August 31 – September 29, 2006 . At the time of pre-registration you will need to complete a registration form and turn in a list of the properties you want by account number. If you are requesting more than 10 properties, please turn a text list in on a disk if possible no later than September 27, 2006. The file needs to be set up in note pad, one account number per line, no dashes or spaces will be accepted.

The purchaser's presence will not be necessary at the sale once registered. Although you are not required to attend or stay at the Lien Sale we encourage you to do so.

LIEN SALE INSTRUCTIONS

  1. 1. Sale opens at 9:00 A.M. and declaration of sale is read as required by statutes.
  2. All properties could have delinquent taxes that have not been advertised. Therefore, BUYER BEWARE, all delinquent taxes must be endorsed (paid) on the certificate when issued. It is office policy that if any one property has delinquent taxes that the bidder does not want to pay, then none of the certificates awarded to that bidder will be issued.
  3. The amount of interest earned by the certificate holder is eight per cent (8%) per year.
  4. Cost for issuance of the certificate is $10.50.
  5. This sale is only a lien sale and not a transfer of title or property rights.
  6. Property, although listed by publication for sale, upon which the taxes have been paid will not be available for the lien sale.
  7. If all taxes are paid by the record owner or any person having a legal or equitable interest in said property prior to issuance of tax certificate, no certificate will be issued and the bid canceled.
  8. The sale hereby advertised involves manufactured homes, which may be subject to the right of secured party to repossess. A holder of a perfected security interest in such manufactured home may be able to pay ad valorem taxes based upon the value of the manufactured home apart from the value of real property. If a secured party exercises this right, the holder of the tax sale certificate will be refunded the amount of taxes paid upon the value of the manufactured home.
  9. If you receive a lien, certificates are issued, as soon as possible after the monies have been received and placed on trust deposit. You will have four working days to bring in the monies, after which the county will assume the lien.
  10. Bidders will be required to pay for any bids made with certified funds or cash. Certificates will be issued only in the name of the original bidder.
  11. Any person offering to pay the full amount due shall only represent one person or legal entity at the sale. Brokers or agents representing or submitting bids for multiple parties or entities shall not be allowed.
  12. Property will be offered on a first come first serve basis.
  13. If more than one pre-registered or on-time person is interested in the same property, we will determine who receives the tax certificate by fair and impartial drawing. (Random Selection Process)
  14. Late-registered purchasers are not included in the random selection process because the individual certificates go too pre-registered or on-time registered purchasers first.
  15. If only late-registered purchasers are interested in a parcel, no random selection will be necessary. The parcel will be awarded to the purchaser who registered closest to 9:00 a.m. on October 2, 2006.
  16. Bidders that have not picked up their certificates in the past will have to leave certified funds or cash for their successful bids immediately after the sale or certificates will not be issued.
  17. Current taxes should be endorsed to your certificate, as soon as possible after January 15, 2007 and should be endorsed prior to the next year’s publication.
  18. The County Treasurer’s primary function is tax collection. We make every effort to see that tax deeds, both resale and sale are issued in accordance with the Statutes, but the buyer assumes all responsibility and liability on purchase the date the deed is issued.
  19. In the event a bankruptcy is filed on any property on which a certificate has been issued, the Certificate Holder will be given the following two choices:
    1. SURRENDER YOUR TAX SALE CERTIFICATE AND BE REFUNDED THE AMOUNT OF MONEY THAT YOU PAID FOR THE CERTIFICATE WITHOUT ANY INTEREST. THERE IS NO STATUTORY AUTHORITY TO PAY INTEREST IN THESE SITUATIONS.
    2. KEEP THE TAX SALE CERTIFICATE AND PURSUE YOUR RIGHT TO FILE YOUR CLAIM FOR PAYMENT THROUGH THE BANKRUPTCY COURT. PLEASE BE ADVISED IF YOU CHOOSE THIS OPTION YOU DO SO AT YOUR OWN RISK AND IT IS POSSIBLE THAT ALL OR A PORTION OF YOUR BANKRUPTCY CLAIM COULD BE DENIED BY THE BANKRUPTCY COURT. IF THAT SHOULD HAPPEN TO OCCUR THE COUNTY WILL NOT BE RESPONSIBLE FOR YOUR LOSS.
  20. As of July 1, 2006 a statute of limitation of three years is fixed for tax sale certificates. No firm, association, corporation or individual holding a tax sale certificate shall be entitled to have a tax deed issued thereon after three years shall have elapsed from the date of the issuance of said tax sale certificate. In such case the right to such deed shall be barred by the lapse of said three year period.

    When a person entitled to redeem from a tax sale as evidenced by a tax sale certificate held by a firm, association, corporation or individual, pays sufficient money to the county treasurer to redeem said property from said tax sale, the holder of said tax certificate shall not be entitled to recover or receive said redemption money unless the tax sale certificate shall be presented and surrendered to the county treasurer within three years from the date such redemption money is paid to the county treasurer. After the expiration of said three year period, said redemption money shall be credited by the county treasurer to the general fund.

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