Surplus Property Auctions

 

  • 223 Portage St - August 1st, 2019, On-site Auction  **DEADLINE EXTENDED TO FRIDAY JULY, 19, 2019**

     

    At this on-site auction the property will be sold to the highest bidder, who will be required to submit a development proposal within ten (10) days of the auction.  All potential bidders must be pre-registered and show proof of personal funds in the amount of $10,000.  Registration forms are available using the link below.  Potential bidders MUST SUBMIT THEIR REGISTRATION DOCUMENTS BY FRIDAY, JULY 12th 19th BEFORE 4:00 PM TO PARTICIPATE IN THIS AUCTION.  The application must be notarized prior to submission.  The property is a single family dwelling.  There is no residency requirement, but the successful bidder must rehabilitate the structure within twelve (12) months of City Council approval.  Please review the Terms & Conditions prior to submitting your documentation.  The property will be shown by appointment to approved bidders prior to the auction.  Pre-registration documents must be submitted by 4:00 pm, Friday, July 12th to the Real Estate Division.  No late submissions will be accepted and you cannot bid at the auction if you are not approved.

     




***ANNUAL SURPLUS AUCTION *** (Pre-registration Due August 16th by 4PM, Auction Date: October 23rd)

The Real Estate Division is holding a Surplus Property Auction (Lots with Existing Structures) on Wednesday, October 23rd at 9AM (you must be an approved bidder to attend). To participate in this auction, you must pre-qualify (by August 16th at 4PM), and show financials with $10,000 available assets per structure you wish to bid on. You may purchase up to 3 Structures, but if you are currently holding other city auction/RFP properties that you have not yet gotten certificate of occupancies on, your allowable purchases at auction will be reduced by that number of properties. The pre-registration form to become an approved bidder is linked below, and is also available at City Hall.  

NOTES:

PRE-REGISTRATION: The Registration to participate is due August 16th at 4PM.  You are not automatically approved. We will review your application, and mail you a notice of approval or rejection on August 30th. (*If you submit an incomplete application and do not show sufficient funds ($10,000 per property, up to 3 properties), you will not be prompted for additional information, your application will be rejected, so be sure to complete this form as completely as possible.)
SHOWINGS: The list for auction will be finalized by August 30th. The list of addresses and showing dates will be sent to approved bidders only. 
LOCATION: The Auction location will be provided only to approved bidders. Space is limited and only approved bidders and their guests are welcome to attend
REVERTER DEEDS- All properties sold at Auction will need some level of rehabilitation. Once the purchase is approved through City Council, and you receive a deed and care/custody/control of the property, you will have 1 year to renovate and obtain a certificate of occupancy or the city will exercise its right through the reverter deed to regain ownership of the property. 


 

 TREASURY/TAX AUCTION (NOVEMBER) 

Please click the link above for information on the annual Treasury/Tax Foreclosure Auctions