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Treasurer's Office:
Island County, Washington
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TAX FORECLOSURE
SALES
What
you should know.
Island County does not guarantee
or provide warranty whatsoever on parcels sold at tax foreclosure
sales. The County conveys the entirety of the interest, which
it may legally transfer, unless otherwise noted.
Anyone considering purchase of property at a tax foreclosure
sale should be aware of the risks and investigate a property
carefully prior to the auction date.
Treasurer real property sales are BUYER BEWARE sales. The
parcels are offered on a "where is"; "as
is" basis. The County makes no representation
of warranty, nor any guarantee of warranty, expressed or
implied, as to the condition of title to any property, nor
the physical condition of any property or its fitness for
any use or purpose.
Treasurer's Deeds issued on parcels acquired in foreclosure
sales DO NOT warrant clear title. It is strongly recommended
that the buyer view the property and make additional inquiries
about concerns or questions that may arise.
Private property should
not be entered without permission of the property owner.
When real property taxes become three
(3) years delinquent, the County Treasurer begins foreclosure
action.
A Certificate of Delinquency is filed with the Superior
Court listing the property accounts to be included in the
foreclosure action. Once the Certificate is filed,
foreclosure costs are added to each parcel, which will accrue.
All parties with a recorded legal
interest are notified and served by certified or registered
mail. A Notice of Summons is also published in the
local newspapers, as required by law.
What is the redemption
period on parcels in foreclosure?
The owner of the parcels or other
parties with a recorded legal interest may redeem the property
up to 4:30 p.m. (closing) on the day before the sale.
There is
no right of redemption by owners or lien-holders on the day
of the sale. For further information or exceptions,
contact the Tax Foreclosure Deputy. Contact
Us
What are excess proceeds?
If a parcel is sold
at a foreclosure sale in an amount greater than the minimum
bid, the surplus monies (excess proceeds) can be claimed by
the previous record title owner (the owner holding title on
the day the Certificate of Delinquency was filed) provided
that all water and sewer district liens have been satisfied.
REAL PROPERTY AUCTION
PROCESS (Tax Foreclosure Sale)
NOTICE:
NEXT AUCTION TO BE HELD JANUARY 15, 2010
Beginning November 6,2009, the foreclosure
minimum bid list will be available at Real
Property Foreclosure Parcels. You may also contact
the Tax Foreclosure Deputy at Contact
Us.
All bidders must
be registered. You may register for the tax sale prior
to the sale beginning January 13, 2010 by contacting the Tax
Foreclosure Deputy (Contact Us)
or at 8:30 a.m. on January 15, 2010 before the auction begins.
No changes to the registration may be made after the sale.
There is no registration fee. When you register, you
will be provided a copy of the terms of sale. You are
required to read and sign the terms of sale before being issued
a bidder number card. You cannot bid without
a card. The auction will begin
promptly at 9:00 a.m. Please allow yourself plenty of
time to register before the auction begins. If you are
not registered prior to 9:00 a.m., you may miss the opportunity
to participate in all auction items.
Those wishing to bid must be present or have a representative
present at the auction.
The auctioneer will announce the minimum bid for each parcel. To
bid, you must hold up your issued bidder card and call out
the bid amount. Each parcel is sold to the highest
bidder.
Payment requirements are as follows: Cash, Cashier's
Check, Money Order. No other form of payment
will be accepted.
Once a parcel is
bid on and sold, the successful bidder must immediately step
forward and pay in full. No time is allowed
for bidders to leave the sale to get funds and return.
Failure to make payment as required will trigger an immediate
resale of the property to the previous bidder and the defaulting
bidder will be excluded from further participation in the
auction. Island County does not offer a financing program.
A Treasurer's Tax Deed will be
issued within 30 days.
WHEN IS THE ISLAND COUNTY
TAX FORECLOSURE SALE?
The Treasurer's real
property auction will be held January 15, 2010 at 9:00 a.m.
(Registration begins on January 13, 2010 in the Treasurer's
office or at 8:30 a.m. prior to the sale.)
WHERE WILL THE TAX FORECLOSURE
SALE BE HELD?
Island County Commissioner's Hearing
Room B102
1 NE 6th Street
Coupeville, WA 98239
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