Single Family Residence - 4BR, 2.5BA, 3-Car Garage; Built in 1976, 2,971 sq. ft., 7,800 sq. ft. lot.
Members of the public attending the auction are prohibited from carrying/possessing a firearm(s) at the auction, even if carrying/possessing a firearm(s) is otherwise permitted under state or local law. The term “firearm” means any weapon (including a starter gun) which will or is designed to or may readily be converted to expel a projectile by the action of an explosive.
Lot 27, Tract 8792, County of Orange, State of California, as per map recorded in 364, page(s) 38- 1, inclusive of miscellaneous maps in the Office of the County Recorder of said county.
Should the successful bidder fail to comply with the terms of the sale, such bidder shall be liable to the United States for twenty percent (20%) of his bid on the property as a penalty.
The Clerk shall distribute the 20% penalty as directed by the PALS by check made to the “United States Treasury” to be applied toward payment of said penalty. Payment of said penalty shall not be a credit on the judgment of the United States. The property shall again be offered for sale under the terms and conditions of this order for sale or, in the alternative, sold to the second highest bidder.
Upon selling the property, the United States of America shall prepare and file with this Court an application to confirm sale and direct distribution of the sale proceeds, which will set forth an accounting and report of the sale of the property. The sale of the property shall be subject to confirmation by this Court. The application to confirm sale and direct distribution of sale proceeds shall be filed within thirty (30) days from the date of the sale. If no objections have been filed in writing with the Clerk of the Court within fifteen (15) days after the application to confirm sale has been filed, the sale will be confirmed by the Court. Upon confirmation of the sale, the Court will direct the IRS to execute and deliver its deed conveying the property to the purchaser. Upon confirmation of the sale, all interests in, liens against, or claims to the property that are held or asserted by all parties to this action will be discharged and extinguished.
The sale is ordered in accordance with 28 U.S.C. Section 2001 and is made without the right of redemption.
The U.S. may bid as a creditor against its judgment up to the value of the outstanding balance on the mortgage, without tender of cash.
The government reserves the right to reject any and all bids and to withdraw the property from sale.
At the time of the sale, the successful bidder shall be required to deposit with the PALS by money order or by certified or cashier’s check payable to the United States District Court for the Central District of California a deposit 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 bidder.
Before being permitted to bid at the sale, all bidders shall display proof that they are able to comply with this requirement. No bids will be received from any person who has not presented said proof.
Within three (3) business days of the date of sale, the successful bidder shall remit the remaining
eighty percent (80%) of her total bid by money order or by certified or cashier’s check payable to the United States District Court for the Central District of California.