County Treasurer
 

Auction Terms

1. REGISTRATION - Registration will begin at 12:00 p.m. on auction day. No bids will be accepted unless the bidder has registered and received a pre-numbered bid card. Driver’s license or state I.D. must be presented in order to receive a bidder number. It is a requirement of Registration to place with Tranzon Bippus a deposit of $1000 in cash, certified check, or wire transfer funds. Unused funds will be returned to the bidder. Note: Cashier’s check needs to be made payable to you and then endorsed when tendered as the deposit.
    

2. PROPERTIES OFFERED – The attached list of County Treasurer owned properties being offered have been approved for sale at public auction by the County Treasurer. According to state statutes, ALL PRIOR liens (other than some IRS and DEQ liens) and taxes are cancelled by Circuit Court Order. These properties are subject to any visible or recorded easement or right of way, private deed restrictions, or restrictions or other governmental interests imposed pursuant to the natural resources and environmental protection act and are further subject to any state, county or local zoning or building ordinances. The County Treasurer does not guarantee the usability or access to any of these lands. IT IS THE RESPONSIBILITY OF PROSPECTIVE PURCHASER TO DO THEIR OWN RESEARCH AS TO THE USE OF THE LAND FOR THEIR INTENDED PURPOSE. THE COUNTY TREASURER MAKES NEITHER REPRESENTATIONS NOR CLAIMS AS TO FITNESS FOR PURPOSE, INGRESS/EGRESS, CONDITIONS, COVENANTS, OR RESTRICTIONS. OCCUPIED STRUCTURES MAY NOT BE ENTERED WITHOUT THE TENANT’S PERMISSION; SECURED VACANT STRUCTURES MAY NOT BE ENTERED.
    

3. MINIMUM BID PRICE – The minimum bid prices are shown on the foreclosed property list.
    

4. CONDUCT OF THE AUCTION – Any registered person may bid on the properties offered. Any person unable to attend the sale can be represented at the sale by an agent or other representative with authority to bid and otherwise represent the person. The registered bidder is legally and financially responsible for all parcels bid upon whether representing ones self or acting as an agent. The Auctioneer reserves the right to refuse bids not in line with bid increment progression. The Auctioneer’s decision over any dispute is absolute and final.
    

5. TERMS OF SALE – THE FULL PURCHASE PRICE MUST BE PAID THE DAY OF THE SALE. The purchase price consists of the bid price, the 10% buyer’s premium and a $25.00 per parcel deed preparation fee. IF TOTAL PURCHASE IS $1,000.00 OR LESS, payment will be deducted from the required registration deposit. FOR ALL PURCHASES OVER $1,000.00 the remaining BALANCE is due the day of sale and can be paid in cash, personal or business check, bank cashier’s checks or bank official checks. Failure to pay purchase price in full by 5 p.m. on day of auction will result in forfeiture of deposit, cancellation of sale, and elimination of all future buying privileges.
    

6. PURCHASE RECEIPT – Successful bidders at the sale will be issued a receipt for their purchases upon payment. Deeds will be executed, recorded and mailed to the buyer within 30 days of auction.
    

7. TITLE BEING CONVEYED – Quit claim deeds will be issued conveying only such title as received by the County Treasurer through tax foreclosure. Title insurance companies may or may not issue title insurance on properties purchased at this sale. The County Treasurer makes no representation as to the availability of title insurance and the UNAVAILABILITY OF TITLE INSURANCE IS NOT A GROUNDS FOR RECONVEYANCE TO THE COUNTY TREASURER. THE PURCHASER MAY INCUR LEGAL COSTS FOR QUIET TITLE ACTION TO SATISFY THE REQUIREMENTS OF TITLE INSURANCE COMPANIES IN ORDER TO OBTAIN TITLE INSURANCE.
    

8. SPECIAL ASSESSMENTS – All bidders should contact city or township offices to determine if there are any outstanding bonded assessments for future tax years on the properties being offered.
    

9. POSSESSION OF PROPERTY – We recommend that no buyer take physical possession of any property bid upon at this sale until a deed has been executed and delivered to him or her, and until the buyer has executed proper eviction procedures if necessary. No activities should be conducted on the site other than a baseline environmental assessment on contaminated properties. HOWEVER, STEPS SHOULD BE TAKEN TO PROTECT YOUR EQUITY IN THIS PROPERTY BY SECURING VACANT STRUCTURES AGAINST ENTRY AND OBTAINING (HOMEOWNER’S) INSURANCE FOR OCCUPIED PROPERTY. BUYERS ARE RESPONSIBLE FOR CONTACTING LOCAL UNITS OF GOVERNMENT TO PREVENT POSSIBLE DEMOLITION OF STRUCTURES SITUATED ON PARCELS.
    

10. CONDITIONS – The purchaser accepts the premises in its present “as is” condition, and releases the County Treasurer and employees and agents from all liability arising from any condition of the premises, whether now known or subsequently discovered, including but not limited to all claims based on environmental contamination of the premises.
     

11. PROPERTY TAXES – ALL PROPERTY TAXES THAT BECOME DUE
    AND PAYABLE AFTER THE FORECLOSURE WILL BE THE RESPONSIBILITY OF THE PURCHASER STARTING WITH THE 2008 JULY SUMMER BILL.
     

12. RIGHT TO TERMINATE PURCHASE - The County Treasurer and the
    Auction Company reserve the Absolute Right to cancel any sale for any reason up to delivery of the deed. The extent of their liability shall be limited to the return of the actual amount paid by the buyer.
    
    
    HM/jb
    4/08
    HM/jb
    4/08

1087 E Newell, PO Box 885   White Cloud, Michigan 49349
Phone: (231) 689-7230    Fax: (231) 689-7292
email: holly@co.newaygo.mi.us