Tennessee > Local County > Hamilton > Chancery Court > Real Property
Tax Sale Instructions To Bidders 106 - Tennessee
| Tax Sale Instructions To Bidders Form. This is a Tennessee form and can be used in Real Property Chancery Court Hamilton Local County . |
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TAX SALE INSTRUCTIONS TO BIDDERS This is a judicial proceeding. By biding in this judicial proceeding, you are submitting to the jurisdiction of this court, even if you are not a Tennessee resident. Turn off cell phones and pagers and beepers. If your cell phone bes, buep zzes, rings or chimes, shut it off DO NOT ANSWER IT or you may be found in contempt of court and subjected to a possible $50 fine. If you are going to bid, you should have your bid number. If you dont have your bid number and plan to bid, you must fill out the APPLICATION TO BID and get a bid number. By signing the APPLICATION TO BID you are certifying that the information is current, is not false or misleading, and is provided in good faith to allow you to bid in this Land Sale. You are also certifying that you are aware that when you make a bid, or make a bid for another, or allow another to make a bid using your Bid number, that you are legally committing yourself to purchase the property at that bid price and that your failure to close the sale may cause you to forfeit the bid amount if paid, or if not paid, that the Court can find you in contempt or require you to pay. The minimum bid increase: under $5,000 $50 ove $5,r 000 $100. I will announce the opening bid on behalf of the city or county, I w noillt announce the cents. If there are cents, I will round to tup he nearest dollar. If the minimum bid is the winning bid, the bid will be entered for the ex amact oun ot f the minimum opening bid. For example, if the minimum opening bid must be $347.39, I will announce opening bid is 348 dollars. If that bid wins, it will be accepted for $347.39 and that is the price to be paid. You save 61; I save my voice. Call out your bids LOUDLY AND CLEARLY . I will then repeat your bid. If I dont repeat your bid, I didnt hear it OR I have already taken a higher bid. I will call out the Item Number at least twice. At any time while the biding opis en, you may ask for the Item Number to be repeated. When it appears the bidding has either slowed or stopped, I will mark the last highest bid two times and then announce SOLD which will close the bidding on that item. A bid can be made at any time before I announce SOLD. The bidding iscl osed when I announce SOLD. The bidding is o rveergardless if you didnt hear or know the item number being bid on. Page 1 of 2 pages. [Form 106, Rev. 2003.06.05] <<<<<<<<<********>>>>>>>>>>>>> 2When I have announced SOLD bot, h the winning bidder a tnhde next highest bidder must both hold up their bid numbers. We will record both the highes tt ahe nnd ext highest bid. Why are we going to start doing this? If the highest bidder does not pay today, then he is in DEFAULT. The attorneys for the city or county will then have the option of offering the property to the next highest bidder at their last bid amount. If the next highest bidder accepts, they may pay for the property tomorrow. If the city or county does not exercise this option, or if the next highest bidder no longer wants the property for his bid amount, then a Show Cause Order will be issued to the defaulting bidder. I suggest the defaulting bidder bring his toothbrush to the hearing. Winning bidders must obtain a card to take to suite 300 to pay for their purchase. Each card will contain theIt em Number, the Map Parcel Number, the property address, the opening bid amount, the winning bid amount, and the next highest bid amount. This year we will try something new for the benefit of those of you who may purchase only one or two items early in the bidding. If you are through bidding, stand ---, and when the line warrants a short break, we will get you ready to go to suite 300. This way, some of you will get out quicker, our staff in suite 300 may not have to stay so late, plus, I get to rest my voice. You can pay by cash cas, hiers check, certified check, money order, or credit card (which requires an additional 5% court cost). If you do not pay today by 4:00 PM (Eastern time), you will be in DEFAULT. Having not seen the property before you purchased it, thinking there was a house on the property when there wasnt, finding out there is a toxic waste dump on the property, or that you spent more than you intended to: THESE ARE NOT ADEQUATE EXCUSES. Again, I suggest that the defaulting bidder bring his toothbrush to the hearing. This Court DOES NOT and CANNOT make any warranties, covenants or representations as to the status or quality of these properties or their titles. Page 2 of 2 pages. [Form 106, Rev. 2003.06.05]
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