Oct 4,2017 Alberta tax sale properties Caroline

[Navtaj Chandhoke]

Oct 4,2017 Alberta tax sale properties Caroline

Notice is hereby given that, under the provisions of the Municipal Government Act,

Village of Caroline will offer for sale, by public auction, in the Council Chambers,

Village of Caroline, 5004 50 Ave., Caroline, Alberta, on Wednesday, October 4,

2017, at 2:00 p.m., the following parcels:

[img]http://www.flipping4profit.ca/wp-content/uploads/2015/10/TaxSale.png[/img]

Roll No.

Lot

Block

Plan

C of T

97

7

13

4574HW

072 044 130

164

1

14

7621429

102 348 608

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1. Redemption of a property offered for sale may be effected by payment of all

arrears, penalties and costs by guaranteed funds at any time prior to the auction.

2. Each property offered for sale will be subject to a reserve bid and, in the case of

land, to the reservations and conditions contained in the existing certificate of

title.

3. The properties are being offered for sale on an “as is, where is” basis, and the

municipality makes no representation and gives no warranty whatsoever as to the

state of the property nor its suitability for any intended use by the successful

bidder.

4. The auctioneer, councillors, the chief administrative officer and the designated

officers and employees of the municipality must not bid or buy any property

offered for sale, unless directed by the municipality to do so on behalf of the

municipality.

5. The purchaser of the property will be responsible for property taxes for the

current year.

6. The purchaser will be required to execute a sale agreement in form and substance

provided by the municipality.

7. The successful purchaser must, at the time of sale, make payment in cash,

certified cheque or bank draft payable to the municipality as follows:

a. The full purchase price if it is $10,000 or less; OR

b. If the purchase price is greater than $10,000, the purchaser must

provide a non-refundable deposit in the amount of $10,000 and the

balance of the purchase price must be paid within 20 days of the sale.

8. GST will be collected on all properties subject to GST.

9. The risk of the property lies with the purchaser immediately following the

auction.

10. The purchaser is responsible for obtaining vacant possession.

11. In the case of land, the purchaser will be responsible for registration of the

transfer including registration fees.

12. If no offer is received on a property or if the reserve bid is not met, the property

cannot be sold at the public auction.

13. The municipality may, after the public auction, become the owner of any

property that is not sold at the public auction.

14. Once the property is declared sold at public auction, the previous owner has no

further right to pay the tax arrears.

Melissa Beebe, Chief Administrative Officer

Village of Caroline

DISCLAIMER

We believe the information contained in this article to be accurate.

It is presented with the understanding that we are not engaged in rendering legal,

accounting, or investment advice. When professional assistance is required,

utilize the services of a licensed real estate broker, lawyer, accountant,

or other consultant as may be required.

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