Auction Procedures

The auction will begin promptly at 7:00 p.m. on July 18, 2001 in the auditorium of the Cortland County Office Building.

Bidders MUST register between 5:30 and 6:45 p.m. and show proper identification. Bidders will be given a number to be used during the auction.

ALL bid deposits must be made with cash, certified funds or approved personal check.

 

Terms and Conditions of Sale

All dimensions/descriptions are based upon information believed to be accurate, but not guaranteed. Prospective purchasers should inspect the property and review the pertinent documents and information.

All property is sold AS IS, and subject to: any facts a survey or inspection of the premises would disclose; applicable zoning/land use/building regulations; federal or state taxes, liens, and judgments not extinguished from land by foreclosure proceedings; easements, covenants, conditions, and rights-of-way of record.

All sales shall be final and without recourse, and in no event shall Cortland County be liable for any defects in title for any cause whatsoever.

No personal property is included in the sale of any parcel by Cortland County. The disposition of any personal property located on any parcel shall be the sole responsibility of the purchaser following the execution and recording of the deed of sale.

Evictions, if necessary, are the sole responsibility of the purchaser following the execution and recording of the deed of sale.

The purchaser shall not take possession of nor enter upon the purchased parcel until the deed has been executed and recorded with the Cortland County Clerk.

Bid Deposit of 20% of the final purchase price of the parcel must be paid before leaving the auction after execution of a contract of sale. If the successful bid is $500.00 or less, the full amount of the bid must be deposited by the end of the sale. Deposits must be cash, certified funds, or personal check made payable to:

Cortland County Treasurer

Purchaser shall pay the following closing costs: NYS Transfer Tax ($4.00 for each $1,000 of the purchase price); Filing Fee for the Real Property Transfer Report ($25.00); Filing Fee for Combined Gains Transfer Tax Affidavit ($5.00) and any other fees which may be required by the Cortland County Clerk for recording the deed. ($16.00 for the first page and $3.00 for each additional page.)

If the purchaser fails to pay the balance of the purchase price within 30 days of the preparation of the deed by Cortland County, the down payment shall be forfeited and the property may be sold without regard to the auction sale.

If a purchaser owes any outstanding and delinquent taxes to Cortland County, those delinquent taxes must be paid in full prior to closing on any purchases made at this auction.

Buyer is responsible for all taxes beginning with the date of closing. Additionally, if the closing occurs after June 30, buyer assumes total responsibility for school tax, which will be rendered and become a lien on the premises on July 1.

You are encouraged to go to the properties you are interested in and examine them from the street, road or sidewalk. You are prohibited from trespassing on the properties or entering the buildings.

Deed Description: The County will issue a quit claim deed conveying only the interest of the County of Cortland in these premises, without warranty as to the quality of the title or any liens thereon.

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