COOPERSTOWN – Otsego County Treasurer, Dan Crowell, has announced that Otsego County will hold a Real Property Tax Foreclosure Auction of 49 properties on Wednesday, August 17, beginning at 11 a.m. at the Holiday Inn located at 5206 State Route 23 in Oneonta, New York.
Several improved properties in the auction will be available to preview on Tuesday, August 16, according to a showing schedule which will be posted to the auction company’s website on August 12. All auction information, including the entire list of properties and a copy of the auction e-brochure is available on the auction company’s website at: www.NYSAuctions.com.
A printed auction brochure is available by visiting the Otsego County Offices building, any Town Clerk’s Office in the county, or by calling 1-800-243-0061.
People interested in buying real property at the auction are urged to listen to a pre-recorded audio file on the company’s web site of the FREE Bidder’s Seminar being conducted at the Holiday Inn on Monday, August 15, beginning at 7 p.m. (Pre-auction bidder registration begins at 6 p.m.). The informative seminar is facilitated by company representatives and is particularly useful for those attending the County’s auction for the first time. There is a review of the auction’s “Terms and Conditions” and useful tips are provided to assist bidders in becoming moreinformed buyers. The seminar serves as a great opportunity to learn and to ask questions about the entire auction process.
Auction-day registration will begin at 9 a.m. Prospective bidders must register by signing the “Terms and Conditions of the Auction,” produce a photo ID such as a valid driver’s license or passport, and provide their social security number before obtaining a bidding number. (Incorporated entities will need their EIN number, a copy of the state incorporation filing receipt and a corporate resolutionauthorizing the registrant to bid.) The deed will be issued in the name that is on the registration, and ownership of the property is not conveyed until the deed is recorded in the Otsego County Clerk’s Office.
Successful bidders will be required to tender a deposit equal to $500.00 or 25 percent of the total contract price (the sum of the bid price plus the Buyer’s Premium) immediately while at the auction. The deposit must be paid by cash, bank teller/cashier check, money order or credit card (Master Card or VISA only). When a bank teller/cashier check or money order is used for the deposit, it must be made payable directly to: Otsego County Treasurer, with no further endorsement. Business checks and personal checks will not be accepted. All properties are sold “as is” and officials suggest prospective bidders complete their due-diligence research prior to bidding at the auction.
The NYSAuctions.com Team is comprised of Absolute Auctions & Realty, Inc. & Haroff Auction and Realty, Inc., of Pleasant Valley, NY. The companies provide real property tax auction services to municipalities throughout New York State and have conducted over 100 municipal-owned property auctions since 1991.