INSTRUCTIONS FOR MARCH 28, 2018 TOWN PUBLIC AUCTION
TOWN TO AUCTION 38 SURPLUS TOWN OWNED PROPERTIES
SEE DESCRIPTION BELOW FOR PARCELS BEING SOLD
On Wednesday, March 28th at 10:30 a.m., at Greenburgh Town Hall, 177 Hillside Avenue, the Town will conduct a second public auction of 38 surplus Town-owned properties which the Town received last year pursuant to a judgment of foreclosure. This will be a live public auction process. The properties include one and two-family homes, vacant properties in both commercial and residential neighborhoods, and one pond or land under water. Registration for interested bidders begins at 9 a.m. on March 28th. Properties will be sold to the highest bidder, subject to the approval of the Town Board.
All bidders must be present and complete and submit a Bidder Registration Form during the registration period the day of the auction. A representative from the office of the Town Clerk will collect the Bidder Registration Forms and the bidders will be presented with a paddle containing a number that will identify the bidder as an eligible bidder. Once a paddle and number has been issued, the bidder will be asked to sign in.
The successful bidder must submit a nonrefundable deposit of ten percent (10%) of the successful bid. The deposit must be hand delivered to the Greenburgh Tax Department located at177 Hillside Avenue, Greenburgh, NY 10607, by appointment only, within 48 hours of the auction: Friday, March 30, 2018 at 3:00 p.m. The deposit must be a bank check or bank certified funds payable to the Town of Greenburgh. No cash deposits will be accepted.
The winning bidders will sign a Bid Confirmation Form and a Binder Agreement outlining the terms and conditions of sale. Please review the Terms and Conditions of Sale before submitting a bid. Please keep in mind that properties will be sold “as is” and the Town will only accept bids that are equal to or greater than the upset price indicated on the list of properties for sale. The upset price was determined after considering several factors including the assessed value of the property, the condition of the property, and the amount of back taxes owed on the property prior to foreclosure. Any bid that does not offer an amount equal to or greater than the upset price will be rejected. Properties not sold at the auction will either be included in a future auction or otherwise disposed of by private sale.
Paul Feiner
