AUCTION ID #: 491037 Bookmark and Share
10 ACRE RANCH, Mohave County,AZ - Tax Lien Certificate
Item 491037  
Final Bid: USD $0
Number of Bids: 0
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Reserve: No Reserve!
Status: Closed
Auction Started: 01-29-11    09:30 AM ET
Auction Closed: 02-04-11    10:30 PM ET
Asset Details
Seller Information
Seller Name: dennis29
Rating: Seller Rating - 5 (13)
Location: Kingman, AZ    86401
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Bid Increment: $25
Shipping Cost: FREE SHIPPING
Minimum Bid: $25
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
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Asset Description

        Your Chance to Obtain a Ranch

               for Pennies on the Dollar

                     Welcome to the

              " The Great Southwest "            

              10 ACRES 

Have you ever wondered how some middle income investors are able to accumulate multi-milion dollar real estate holdings.

Well, here is your chance to  aquire 10 Acres of Ranch Land for pennies on the dollar through the purchase of tax certificates.

What are Tax Certificates?

Tax certificates are a high priority lien against property that means  that there are very few other claims against a property which would be paid before the tax certificate lien.  It even supercedes some IRS liens.

The tax certificate face amount consists of the following: the delinquent real estate tax, interest from the date of delinquency, advertising penalty fees, and a charge for the issuance of the tax certificate.

The tax certificate itself conveys no property rights. To make a simple analogy it is simply a loan to the property owner. However, if the certificate is not redeemed within three years of the date of the original sale, the certificate holder has the right to foreclose on the property and take possession.  

Most counties today do not issue paper certificates.  The certificate is kept as an electronic file at the Treasurer's office.  The certificate can be sold or transferred to another person at any time.  However, the sale must be reported to the Treasurer's office so a corrected certificate, with correct W-9 information can be retained.

The property being auctioned consists of 10 Acres of Ranch Land located on E. Brown Stone Drive just southeast of Kingman, Arizona.

The parcel is conviently located off S. Hackberry Road just southeast of the intersection of Highway 93 and Interstate 40. 

The lien is Mohave County Certificate # 2008006770 which is from tax year 2008. The face value of the certificate is $39.86 and the certificate pays an interest rate of 16%.

Parcel # 254-34-058

Township 20N, Range 13W, Section 11

 Please note that this is not a sale of real estate, but a sale of a tax lien on the real estate.

If by chance the tax lien certificate is redeemed by the owner before transfer to the bidder is complete, the seller reserves the right to substitute a tax certifcate of equal or greater value to the buyer or refund all fees paid.  The option is at the discretion of the seller.

I have listed all information accurately and to the best of my knowledge, but as in any real estate transaction, you should do your due diliegence before bidding.  Once you bid you are entering into a legal contract that you are obligated to fulfill or be held liable for the amount of your bid and any legal expenses that may be incurred to collect the bid amount.

 

                        Terms of Sale

 Payment is due in three business days by paypal or bank check.

In addition to the high bid there will be a $250.00 documentation/transfer fee. Therefore your total cost will be your bid plus $250.00

Thank you and good luck bidding

 

 

 

 



Additional Details
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Settlement Requirements
Payment Type
  • Certified/Cashier's Check
  • Wire Transfer
  • Money Order