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| NOTICE OF JUDICIAL SALE | |||
| Under an Order of Judicial Sale entered in Case No. CV 07-5678-RGK (AGRx) in the United States District Court for the Central District of California, Western Division, the United States will offer to sell at public auction property located in Los Angeles, California, located at 1342 S. Redondo Blvd., Los Angeles, California. | |||
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| Date: | 10/7/2008 | ||
| Time: | 11:00 AM | ||
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| Bidder Registration Time: | 10:30 AM | ||
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| Sale Location: | Los Angeles County Courthouse at 111 N. Hill Street, Los Angeles, CA – IN THE COUNTY COURTHOUSE COURTYARD (between the Courthouse and the Hall of Administration). | ||
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| Title Offered: | Contact Karola Jenkins, PALS | |
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| Description of Property: | County assessor description: Per the county assessor records the home at 1342 S. Redondo Blvd., Los Angeles, California is a single family residence with a total of 7 rooms / 3 bedrooms / 3 bathrooms; built in 1935. This two story Spanish style residence has a fireplace and a portico | ||
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| Legal Description: | ALL THAT CERTAIN REAL PROPERTY SITUATED IN THE COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, DESCRIBED AS FOLLOWS: Lot 393 OF TRACT 5069, IN THE CITY OF LOS ANGELES, CALIFORNIA, AS PER MAP RECORDED IN BOOK 56, PAGE(S) 82 TO 85, INCLUSIVE OF MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. Commonly known as 1342 S. Redondo Blvd. Los Angeles, CA 90019. APN: 5070-006-023. |
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| Minimum Bid: | $400,000.00 | ||
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| Click here for photos of property | |||
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| The Terms of Payment: | The terms of sale to all persons and parties bidding sale be CASH (or cash equivalent such as a cashier’s check or money order). The successful bidder shall be required to deposit with the Property Appraisal and Liquidation Specialist (delegate of the Internal Revenue Service, Area Director) cash or cashier’s check equal to twenty percent (20%) of the bidder’s total bid immediately upon the property being struck off and awarded to such bidder as the highest and best bid. The remaining eighty percent (80%) of said bid price to be paid on or before 5:00 pm, within three (3)-business days of the sale date, or no later than Friday, October 10, 2008. Payment of the balance of the purchase price must be made by certified or cashier’s check payable to the United States Treasury Department. If the bidder fails to comply with the terms of the sale, the bidder shall be liable to the United States for twenty percent (20%) of the value of the property thus bid off as penalty, and said deposit shall be paid over and delivered to the United States to be applied toward payment of said penalty, but payment of said penalty shall not be a credit on the judgment of the United States. The realty shall again be offered for sale, under the terms and conditions of the judgment or decree. Before being permitted to bid at the sale, bidders shall display to the Property Appraisal & Liquidation Specialist proof that they are able to comply with the requirement that they have the twenty percent (20%) deposit at the time of the auction with them at the sale. No bids will be accepted from anyone who has not presented proof. The government reserves the right to reject and any and all bids. Upon selling the subject property the Property Appraisal & Liquidation Specialist will issue a receipt for the deposit. Upon payment in full of the balance of the high bid, the successful bidder will receive a Certificate of Sale containing the description of the property sold and the price paid. If no objections have been filed in writing in this cause with the Clerk of the Court, within fifteen (15) days of the date of sale, the sale shall be confirmed without necessity of motion, and the Internal Revenue Service, Area Director shall be directed by the Clerk of the Court to execute and deliver his deed to said purchaser. Possession of the property sold shall be yielded to the purchaser upon production of the Certificate of Sale and Deed; and if there is a refusal to so yield, a Writ of Assistance may, without further notice, be issued by the Clerk of the Court to compel delivery of the property sold to the purchaser. The Area Director shall apply the proceeds of the sale in the following order of priorities: 1) First, to the United States of America in the amount of $203,186.25, plus all interest and penalties accruing after May 31, 2007, through the date of the sale, with such payment to the United States being in satisfaction of the judgment and lien of the United States as set forth in this judgment; and 2) Second, if any surplus remains after making the aforesaid payments, the Area Director, or his delegate, shall so report, and return into the registry of this Court and, upon proper application, shall be paid over to the Taxpayers. The Court retains jurisdiction for the purpose of making proper distribution of any surplus of the proceeds of the sale. |
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| Form of Payment: | CASH (or cash equivalent such as a cashier’s check or money order) | ||
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| For additional information about the property and proposed sale, please contact the following office: | |||
| Name: | Karola Jenkins | ||
| Title: | Property Appraisal and Liquidation Specialist | ||
| Bureau: | Internal Revenue Service | ||
| Address: |
300 N. Los Angeles St. Stop 5850 Los Angeles, CA, 90012 |
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| Phone: | (213) 576-4380 | ||
| Email: | Karola.Jenkins@irs.gov | |
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| Available images for this Item | |||
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| Front view | |||
| Top of the Page | |||
| For additional information, please contact Karola Jenkins | |||
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