Tax Oath

Terms of Annual Sale
November 20, 2012 @5:15 P.M.
Ramsey County Auditor 

1. Each parcel of land will be sold at auction to the highest bidder for not less than the posted minimum sale price. Terms are cash or check to de deposited immediately with the Ramsey County Treasurer’s Office. The County is deeding its interest in the property.  We recommend the successful bidder perfect their title. The County issues what is known as a “County Deed”. Any questions of a legal nature should be discussed with your attorney.
2. The description provided is based on the Official Records of the County Recorder’s Office and are presumed to be correct.
3. Prospective purchasers are urged to examine the title, location and desirability of the properties available to their own satisfaction prior to the sale. The County makes no guarantees, expressed or implied, relative to the title, location or condition of the properties for sale. The County assumes no liability for any other possible liens, encumbrances or easements, recorded or not recorded.
4. Prospective purchasers are advised that some assessments which are levied by agencies or offices other than the County may still be outstanding after the tax sale; in addition the IRS has the option of redeeming, up until 120 days after the sale, any property on which there is an IRS lien recorded.
5. When property is sold at public auction on which the IRS holds a tax  lien, the United States has the right of redemption for 120 days from the date of such sale (26 USC Sec.3712(g) and 7425 (d). The IRS will pay the actual amount paid for the property by the bidder, plus interest at 6% per annum from the date of sale, plus the expenses of sale that exceed any income received from the property.
6. If the successful purchaser desires a survey of the property, it will be at the purchaser’s own initiative and expense. The County makes no warranty, either expressed or implied, relative to the usability, the ground location, or property lines of the properties. The prospective purchaser must determine the exact location, desirability, and usefulness of the properties.
7. The sale of these properties should not, in any way, be equated to real estate sales by licensed salesmen, brokers and realtors. The County cannot guarantee the condition of the property nor assume any responsibility for conformance to codes, permits or zoning ordinances. You should inspect the property before investing. The burden is on the purchaser to thoroughly research, before the sale, any matters relevant to his or her decision to purchase, rather than on the county, whose sole interest is the recovery of back taxes and specials.
8. Your bid is an irrevocable offer to purchase the asset.
9. Successful bidder shall state in writing the name (s) and address (es) in which the County Deed shall be issued. Note that the property will be deeded in the name of the bidder unless the bidder has written, signed permission from another party to record the deed in their name. (There is a recording fee of $10.00 for the 1st page, $3.00 per each additional page, total $13.00 per document).
10. The original deed will be mailed to the purchaser, to sign and return to the County Auditor who will have the Chairman of the Ramsey County Commission sign. The Auditor will then have the County Recorder, record the deed and the Auditor will send the original back to the owner after recording is completed.
11. The minimum bid price includes all taxes, penalties, interest and annual installments of specials certified to the Ramsey County Auditor through the 2011 tax year. The bid price also included the estimated taxes and annual installment of special assessment for the 2012 tax year.
12. Upon delivery of the deed, the property becomes taxable to the purchaser for the 2013 tax year.