REAL ESTATE AUCTION. Inspection: DRIVE BY ANYTIME. Inspection: DRIVE BY ANYTIME
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1 REAL ESTATE AUCTION BY ORDER OF THE COUNTY OF RENSSELAER, NY 78 Single Family Homes, Multi-Family Homes, Commercial, Seasonal Homes & Vacant Land County of Rensselaer, NY Tax Foreclosed Properties WEDNESDAY, OCTOBER 5, PM REGISTRATION: 5:30 PM FRANKLIN TERRACE BALLROOM, 126 CAMPBELL AVE. TROY, NY. AVOID REGISTRATION LINES - PRE-REGISTER ONLINE at Pre-Registration: Tuesday, October 4th at 6:00 PM followed by Important Informational Meeting at 7:00 PM Auction and Informational Meeting Site: Franklin Terrace Ballroom, 126 Campbell Ave. Troy, NY. NOTE: Auction will start promptly at 7:00 PM. Please attend the pre-registration and pre-informational meeting on October 4th at the Franklin Terrace Ballroom to avoid delay in the auction. Directions: NYS Thruway, Exit 23, I-787 North to Exit 7-E (South Troy) and Continue over Bridge into South Troy. Bear Right at 2nd Light onto Mill Street, Left at 2nd Light on Campbell Ave, Auction Site on Right. TRACT #59: 17 HOWLAND AVE., TOWN OF SCHAGHTICOKE SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $9, SBL: Assessed Market Value: $323,431 School District: Mechanicville Lot Size: Acres TRACT #77: 242 WINSLOW ROAD, TOWN OF STEPHENTOWN SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $4, SBL: Assessed Market Value: $167,000 Lot Size: Acres Collar City Auctions Realty & Management, Inc. Licensed & Bonded Auctioneers * Liquidators * Realtors * Certified Appraisers * Consultants, FFL Dealers & Class 2 Firearm Manufacturers (518) x103 Worldwide Auction, Liquidation, Real Estate, Appraisal, Consulting & Mgmt. Services Members of: National Auctioneers Association, New York State Auctioneers Association, Realtor, Capital Region Multiple Listing Services, Greater Capital Association of Realtors, Certified Appraisers Guild of America, International Society of Appraisers, National Association of Realtors, New York State Association of Realtors, Vermont Auctioneers Association, Massachusetts Auctioneers Association, American Association of Appraisers. Any and all information contained herein has been obtained from sources deemed reliable. Collar City Auctions Realty & Management, Inc./Randy Passonno, Pres. and any agents, shall not be responsible for any errors or omissions. Subject To Change Without Notice. Subject to additions and deletions. Offer void where prohibited.
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3 TRACT #1: 14 TAYLOR AVE., TOWN OF BERLIN SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $1, SBL: Assessed Market Value: $67,730 Lot Size: Acres TRACT #2: 30 LORD AVE., TOWN OF BRUNSWICK SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $2, SBL: Assessed Market Value: $75,655 School District: Enlarged Troy Lot Size: Acres TRACT #3: 12 PICKERING LANE, TOWN OF BRUNSWICK SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $3, SBL: Assessed Market Value: $94,007 School District: Enlarged Troy Lot Size: Acres TRACT #4: 1280 SPRING AVE., TOWN OF BRUNSWICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $3,745 Lot Size: Acres TRACT #5: NORTH LAKE AVE., TOWN OF BRUNSWICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $11,236 School District: Lansingburgh Lot Size: Acres TRACT #6: 37 MOUNTAINVIEW AVE., TOWN OF BRUNSWICK TWO FAMILY RESIDENCE Estimated Annual Taxes: $4, SBL: Assessed Market Value: $131,086 Class Code: 220 Lot Size: Acres Inspection: OCCUPIED - DRIVE BY ANYTIME TRACT #7: 38 WASHINGTON AVE., CITY OF RENSSELAER SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $1, SBL: Assessed Market Value: $42,105 School District: Rensselaer City Lot Size: Acres TRACT #8: 1040 BROADWAY, CITY OF RENSSELAER SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $2, SBL: Assessed Market Value: $87,368 School District: Rensselaer City Lot Size: Acres 3
4 TRACT #9: 1020 BROADWAY, CITY OF RENSSELAER COMMERCIAL STORAGE/WAREHOUSE Estimated Annual Taxes: $ SBL: Assessed Market Value: $36,491 Class Code: 449 School District: Rensselaer City Lot Size: Acres TRACT #10: 1751 FIFTH ST., CITY OF RENSSELAER SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $2, SBL: Assessed Market Value: $84,211 School District: Rensselaer City Lot Size: Acres TRACT WITHDRAWN #11: 1411 BROADWAY, CITY OF RENSSELAER TWO FAMILY RESIDENCE Estimated Annual Taxes: $2, SBL: Assessed Market Value: $87,719 Class Code: 220 School District: Rensselaer City Lot Size: Acres TRACT #12: MOCH TERRACE (WEST OF), TOWN OF EAST GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $1, SBL: Assessed Market Value: $37,600 Lot Size: Acres Inspection: LANDLOCKED TRACT #13: ST. CLAIR AVE., TOWN OF EAST GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $5,000 Lot Size: Acres TRACT WITHDRAWN #14: DEER RUN WAY, TOWN OF GRAFTON RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $18,889 Class Code: 314 Lot Size: Acres TRACT #15: 53 CLASSIC ST., TOWN OF HOOSICK APARTMENTS Estimated Annual Taxes: $1, SBL: Assessed Market Value: $29,091 Class Code: 411 Lot Size: Acres TRACT #16: 15 HOOSICK ST., TOWN OF HOOSICK SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $3, SBL: Assessed Market Value: $83,636 Lot Size: Acres 4
5 TRACT #17: 31 BRENENSTUHL ROAD, TOWN OF HOOSICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $1, SBL: Assessed Market Value: $33,818 Class Code: 314 Lot Size: Acres TRACT WITHDRAWN #18: EAST HOOSICK ROAD, TOWN OF HOOSICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $2,909 Class Code: 314 Lot Size: Acres TRACT #19: NY 22, TOWN OF HOOSICK WITHDRAWN TRUCKING TERMINAL Estimated Annual Taxes: $14, SBL: Assessed Market Value: $443,636 Class Code: 447 Lot Size: Acres TRACT #20: 5065 NY 67, TOWN OF HOOSICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $10,909 Lot Size: Acres TRACT #21: 24W NY 67, TOWN OF HOOSICK RURAL RESIDENCE W/ ACREAGE Estimated Annual Taxes: $4, SBL: Assessed Market Value: $148,000 Class Code: 240 Lot Size: Acres TRACT #22: HOOSICK JUNCTION ROAD, TOWN OF HOOSICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $17,455 Class Code: 314 Lot Size: Acres TRACT #23: EAGLE ROAD, TOWN OF HOOSICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $5,455 Class Code: 314 Lot Size: Acres TRACT #24: EAGLE ROAD, TOWN OF HOOSICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $5,455 Class Code: 314 Lot Size: Acres 5
6 TRACT #25: HARKEN HOLLOW ROAD, TOWN OF HOOSICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $1, SBL: Assessed Market Value: $49,091 Class Code: 322 Lot Size: Acres TRACT #26: EAGLE ROAD, TOWN OF HOOSICK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $28,000 Class Code: 322 Lot Size: Acres TRACT #27: 22 WATER ST., TOWN OF HOOSICK NIGHT CLUB Estimated Annual Taxes: $4, SBL: Assessed Market Value: $125,091 Class Code: 424 Lot Size: Acres TRACT #28: 10 MITCHELL ROAD, TOWN OF HOOSICK FARM W/ BARN & SPECTACULAR VIEWS Estimate Annual Taxes: $11, SBL: Assessed Market Value: $361,091 Class Code: 312 Lot Size: Acres TRACT #29: 41 ALTER ALLEY WAY, TOWN OF NASSAU RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $6,452 Lot Size: Acres TRACT #30: COUNTY ROUTE 15, TOWN OF NASSAU RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $6,452 Class Code: 314 Lot Size: Acres TRACT #31: 6 WHITNEY DRIVE, TOWN OF NASSAU MOBILE HOME Estimated Annual Taxes: $2, SBL: Assessed Market Value: $90,194 Class Code: 270 Lot Size: Acres TRACT WITHDRAWN #32: 5 S. LAKEVIEW RD, TOWN OF NO. GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $1,923 Lot Size: Acres 6
7 TRACT #33: LILLIAN COURT, TOWN OF NORTH GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $1,923 Lot Size: Acres Inspection: LANDLOCKED TRACT #34: LILLIAN COURT, TOWN OF NORTH GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $1,923 Lot Size: Acres Inspection: LANDLOCKED TRACT #35: 18 LILLIAN COURT, TOWN OF NO. GREENBUSH WITHDRAWN SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $3, SBL: Assessed Market Value: $91,923 Lot Size: Acres TRACT #36: 21 CLOVERDALE ROAD (CORNER OF CURTIS AND CLOVERDALE), TOWN OF NORTH GREENBUSH SINGLE FAMILY RESIDENCE W/ 2 Estimated Annual Taxes: $7, CAR ATTACHED GARAGE Assessed Market Value: $209,615 SBL: School District: Wynantskill Un Free Lot Size: Acres TRACT #37: WYNANTSKILL, TOWN OF NORTH GREENBUSH A/K/A AVE B, TOWN OF NORTH GREENBUSH, BUT MAPPED IN BRUNSWICK RESIDENTIAL VACANT LAND SBL: a/k/a Lot Size: Acres Estimated Annual Taxes: $ Assessed Market Value: $1,538 School District: Wynantskill Un Free Inspection: PAPER STREET TRACT #38: WILLARD AVE., TOWN OF NORTH GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: a/k/a Assessed Market Value: $2,308 Lot Size: Acres & Acres Inspection: LANDLOCKED TRACT #39: S. LIBERTY AVE., TOWN OF NORTH GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $1,923 Lot Size: Acres Inspection: PAPER STREET TRACT #40: S. LIBERTY AVE., TOWN OF NORTH GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $385 Lot Size: Acres Inspection: PAPER STREET 7
8 TRACT #41: S. LIBERTY AVE., TOWN OF NORTH GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $385 Lot Size: Acres Inspection: PAPER STREET TRACT #42: S. LAKEVIEW ROAD, TOWN OF NO. GREENBUSH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $3,462 Lot Size: Acres TRACT #43: 4 NICHOLAS AVE., TOWN OF NO. GREENBUSH SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $6, SBL: Assessed Market Value: $212,308 Lot Size: Acres TRACT #44: 103 MILL YARD ROAD, TOWN OF PETERSBURGH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $17,288 Lot Size: Acres TRACT #45: RIVER ROAD, TOWN OF PETERSBURGH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $10,169 Class Code: 312 Lot Size: Acres TRACT #46: 144 RIVER ROAD, TOWN OF PETERSBURGH SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $2, SBL: Assessed Market Value: $90,339 Lot Size: Acres TRACT #47: NY 2, TOWN OF PETERSBURGH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $3,390 Class Code: 314 Lot Size: Acres TRACT #48: NY 22, TOWN OF PETERSBURGH RESIDENTIAL VACANT LAND Estimated Annual Taxes: $1, W/SMALL IMPROVEMENT Assessed Market Value: $49,831 SBL: Class Code: 312 Lot Size: Acres 8
9 TRACT #49: HEMPSTEAD ROAD, TOWN OF PETERSBURGH RURAL RESIDENCE W/ ACREAGE Estimated Annual Taxes: $12, SBL: Assessed Market Value: $418,983 Class Code: 240 Lot Size: Acres TRACT #50: 145 LOWER HERRINGTON ROAD, TOWN OF PITTSTOWN MOBILE HOME Estimated Annual Taxes: $2, SBL: Assessed Market Value: $66,667 Class Code: 270 School District: Hoosick Valley Lot Size: Acres TRACT #51: 267 COLUMBIA HILL ROAD, TOWN OF POESTENKILL RURAL RESIDENCE W/ ACREAGE Estimated Annual Taxes: $5, SBL: Assessed Market Value: $171,206 Class Code: 240 Lot Size: Acres TRACT #52: HILLSIDE COURT, TOWN OF SAND LAKE RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $7,200 Lot Size: Acres Inspection: LANDLOCKED TRACT #53: 78 SHEER ROAD, TOWN OF SAND LAKE MOBILE HOME Estimated Annual Taxes: $1, SBL: Assessed Market Value: $37,000 Class Code: 270 Lot Size: Acres TRACT #54: 1ST DYKE ROAD, TOWN OF SAND LAKE RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $23,100 Class Code: 322 Lot Size: Acres Inspection: LANDLOCKED TRACT #55: OLMSTEAD LANE, TOWN OF SAND LAKE RESIDENTIAL VACANT LAND Estimated Annual Taxes: $5, SBL: Assessed Market Value: $173,000 Lot Size: Acres TRACT #56: STILLWATER BRIDGE ROAD, TOWN OF SCHAGHTICOKE RESIDENTIAL VACANT LAND Estimated Annual Taxes: $1, SBL: Assessed Market Value: $43,096 Class Code: 314 School District: Hoosick Valley Lot Size: Acres 9
10 TRACT #57: S. MAIN ST., TOWN OF SCHAGHTICOKE RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $4,184 School District: Hoosick Valley Lot Size: Acres TRACT #58: 260 GUTBRODT ROAD, TOWN OF SCHAGHTICOKE SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $7, SBL: Assessed Market Value: $236,402 School District: Hoosick Valley Lot Size: Acres TRACT #59: 17 HOWLAND AVE., TOWN OF SCHAGHTICOKE SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $9, SBL: Assessed Market Value: $323,431 School District: Mechanicville Lot Size: Acres TRACT #60: 30 NEESON LANE, TOWN OF SCHAGHTICOKE MOBILE HOME Estimated Annual Taxes: $2, SBL: Assessed Market Value: $83,682 Class Code: 270 School District: Mechanicville Lot Size: Acres TRACT #61: 94 N. PEARL ST., TOWN OF SCHAGHTICOKE SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $3, SBL: Assessed Market Value: $108,787 School District: Mechanicville Lot Size: Acres TRACT #62: LAKEVIEW ROAD, TOWN OF SCHODACK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $90.14 SBL: Assessed Market Value: $3,000 Lot Size: Acres Inspection: PAPER STREET TRACT #63: NANTASKET ROAD, TOWN OF SCHODACK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $4,600 Lot Size: Acres TRACT #64: 124 NANTASKET ROAD, TOWN OF SCHODACK SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $2, SBL: Assessed Market Value: $82,700 Lot Size: Acres 10
11 TRACT #65: BROOKVIEW ROAD, TOWN OF SCHODACK A/K/A KATELYN PLACE, TOWN OF EAST GREENBUSH RESIDENTIAL VACANT LAND SBL: a/k/a Lot Size: Acres & Acres Estimated Annual Taxes: $3, Assessed Market Value: $104,300 TRACT #66: 19 OLD FORGE ROAD, TOWN OF SCHODACK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $3,000 Lot Size: Acres TRACT #67: 2496 GARRISON DRIVE, TOWN OF SCHODACK SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $6, SBL: Assessed Market Value: $206,800 Lot Size: Acres TRACT #68: 177 NORTH SCHODACK ROAD, TOWN OF SCHODACK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $1, SBL: Assessed Market Value: $40,600 Lot Size: Acres TRACT #69: 579 RIVER ROAD, TOWN OF SCHODACK SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $3, SBL: Assessed Market Value: $94,200 School District: Schodack Lot Size: Acres TRACT #70: BAME ROAD, TOWN OF SCHODACK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $3, SBL: Assessed Market Value: $87,600 Class Code: 322 School District: Schodack Lot Size: Acres TRACT #71: JENSIS ROAD (EAST OF), TOWN OF SCHODACK RESIDENTIAL VACANT LAND Estimated Annual Taxes: $1, SBL: Assessed Market Value: $45,000 School District: Schodack Lot Size: Acres Inspection: LANDLOCKED TRACT #72: GENTILE ROAD, TOWN OF STEPHENTOWN RESIDENTIAL VACANT LAND Estimated Annual Taxes: $ SBL: Assessed Market Value: $8,250 Class Code: 314 School District: New Lebanon Lot Size: Acres 11
12 TRACT #73: 1291 GARFIELD ROAD, TOWN OF STEPHENTOWN SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $3, SBL: Assessed Market Value: $125,000 Lot Size: Acres TRACT #74: 71 BRAINARD RD (NORTH OF), TOWN OF STEPHENTOWN MOBILE HOME Estimated Annual Taxes: $ SBL: Assessed Market Value: $31,000 Class Code: 270 Lot Size: Acres Inspection: LANDLOCKED TRACT #75: 202 BRAINARD ROAD, TOWN OF STEPHENTOWN SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $2, SBL: Assessed Market Value: $81,000 Lot Size: Acres TRACT #76: 16 BORG ROAD, TOWN OF STEPHENTOWN SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $6, SBL: Assessed Market Value: $228,000 Lot Size: Acres TRACT #77: 242 WINSLOW ROAD, TOWN OF STEPHENTOWN WITHDRAWN SINGLE FAMILY RESIDENCE Estimated Annual Taxes: $4, SBL: Assessed Market Value: $167,000 Lot Size: Acres TRACT #78: 299 BLACK RIVER ROAD, TOWN OF STEPHENTOWN RESIDENTIAL VACANT LAND Estimated Annual Taxes: $1, SBL: Assessed Market Value: $69,773 Class Code: 322 Lot Size: Acres Please Visit Us on our Website. Additional Property Information is available at 12
13 ADDENDUM A AUCTION TERMS AND CONDITIONS OF SALE BID NO. PLEASE READ CAREFULLY PRIOR TO BIDDING 1. Rensselaer County acquired title to these properties in accordance with Article 11 of the Real Property Tax Law of the State of New York, and all known rights of redemption under said provisions of law have been extinguished by the tax sale proceedings; and/or as a result of forfeiture. This contract should be reviewed by counsel prior to bidding as it contains terms and requirements which are not subject to modification. By bidding on any property being offered for sale, you acknowledge that you have either: (i) reviewed the contract with your attorney or, (ii) waived right of attorney review. Further note that failure of purchaser to secure financing prior to date of transfer does not constitute grounds for an extension or return of the down payment, buyer's premium or administrative fees. 2. For purposes of these Terms and Conditions, parcel shall be defined as a section, block and lot number. 3. All purchasers are advised to personally inspect the premises and to examine title to the premises prior to the date upon which the sale is scheduled to take place. Upon delivery of the quitclaim deed by the County of Rensselaer to the successful purchaser, any and all claims with respect to title to the premises are merged in the deed and do not survive. The premises will be conveyed subject to conditions affecting said premises, and to such state of facts as would be disclosed by a survey and inspection. The County of Rensselaer and Auction Company makes no warranty or representation as to the boundary lines, condition or physical existence of the property described hereinabove; or to the marketability of its title, including the regularity of any tax or other proceeding affecting the sale. The Uniform Vendor and Purchaser Risk act (Section of the General Obligations Law) does not apply to this sale. 4. No personal property is included in the sale of any of the parcels owned by Rensselaer County, unless the former owner or occupant has abandoned same. The disposition of any personal property located on any parcel sold shall be the sole responsibility of the successful purchaser following the closing of sale. 5. All informational tools, such as slides, tax maps, deeds, photos, auction listings, auction catalogs, auction signs, property record cards, etc., are for identification purposes only and are neither a guarantee nor a warranty as to location, dimensions, accessibility, parcel use and/or size, or anything else. THE COUNTY, THE AUCTIONEER AND THE BROKER MAKE NO WARRANTY EXPRESSED OR IMPLIED IN CONNECTION WITH THIS SALE. 6. Notice is hereby given that the premises being sold may lie within an Agricultural District as designated upon the tax map. It is the sole responsibility of any bidder to ascertain which specific parcel(s) is so designated and sold subject to the provisions of law applicable thereto. 7. All bidders are required to register and provide suitable personal identification prior to the auction. Auctioneer reserves the right to decline registration if identification is not sufficient. Individuals acting on behalf of others, not in attendance at the auction, must produce a "Power of Attorney" duly executed and notarized. Incorporated entities (Inc., Corp., LLC., etc.) are required to provide a corporate resolution authorizing the purchase of real property prior to the transfer of title. 8. All bidders are required to use the bidder number issued to them for all purposes associated with the auction. A bidder may not bid on behalf of a party who is on the prohibited bidder list. 9. Bidder acknowledges receivership of the pamphlet entitled "Protecting Your Family From Lead in Your Home." Bidder also acknowledges that he/she has had the opportunity to conduct a risk assessment or inspection of the premises for the presence of lead-based paint, lead-based paint hazards, mold or asbestos. 10. The former owner of the property, or his agent, shall not be permitted to bid on the property or purchase same at the public auction, unless the amount exceeds the amount of tax arrears. If the former owner or his agent reacquires the property, all liens existing prior to the foreclosure, will be reinstated and the purchaser (former owner) must sign the deed to reinstate the liens. 11. Purchaser shall provide information necessary to complete, and shall execute, the necessary forms and documents required for recording the deed in the Rensselaer County Clerk's Office. Offer to Purchase Form and sale cannot be assigned. Unless the County agrees in writing, the purchaser executing the auction terms and conditions of sale may not assign or otherwise transfer his right to complete the bid. The deed prepared will be in the name of the successful bidder (and spouse) only. No third party bidding will be accepted, unless the bidder identifies that he is bidding as an agent for a disclosed principal. 12. The auctioneer's decision regarding any disputes is final, and the auctioneer reserves the right to reject any bid that is not an appreciable advancement over the proceeding bid. 13. The Purchaser shall be responsible for the payment of a ten percent (10%) buyer's premium in addition to the accepted purchase price, closing fees/costs, and apportioned, current year's Town/County taxes. The Purchaser shall be responsible for all School and Village taxes. 14.The high bidder on each property purchased at the auction shall immediately sign a bidder acknowledgment form on the floor at the auction and deliver to the auctioneer's personnel the required down payment of 10% of the bid price or $1, whichever is higher, in CASH, CASHIER'S OR CERTIFIED FUNDS ONLY made payable to the "BIDDER AS PURCHASER" (This Means Payable To Yourself) and shall be paid as a down payment on the day of the auction and applied to the purchase price. The down payment will be deposited and held by the County of Rensselaer, New York. In addition to the down payment, the "BIDDER AS PURCHASER" shall be required to pay a 10% buyer's premium, (10% add-on to the bid price) in CASH, CASHIER'S OR CERTIFIED FUNDS, made payable to "BIDDER AS PURCHASER" AT "KNOCKDOWN" (TIME OF SALE AT THE AUCTION) (US FUNDS ONLY). ADDITIONALLY, BID PRICES OF $1, OR LESS MUST BE PAID IN FULL AT TIME OF AUCTION, PLUS THE 10% BUYER'S PREMIUM. All funds must be drawn on banks insured by the Federal Deposit Insurance Corporation (FDIC). No Exceptions. 15. The closing costs/fees which the purchaser shall be required to pay, in addition to bid price, shall consist of: a) Filing fee for the Real Property Transfer Report (RP-5217) of $ if the property is classified as agricultural, a 1-3 family dwelling, an apartment, or condominium, and $ if the property is otherwise classified (vacant, commercial, entertainment, community service, industrial, public service, forest, etc); b) Filing fee for combined Gains Transfer Tax Affidavit [$5.00]; c) All other fees and surcharges required by the Rensselaer County Clerk for recording of the deed and; d) Processing/Search fee of $ e) Recording Fee of $
14 ADDENDUM A AUCTION TERMS AND CONDITIONS OF SALE BID NO. 16. All parcels for which you are the successful bidder for must be paid in full. No selective closings subsequent to the auction. Failure to remit full payment on all parcels for which you are the successful bidder will result in a default of all down payments tendered, not as a penalty, but as liquidated damages, and you will not be permitted to close on any other parcels for which you are the successful bidder. 17. The entire balance of the purchase price and all closing costs/fees must be paid by cash or guaranteed funds to the Rensselaer County Bureau of Finance on or before Wednesday, October 26, 2016, Time Being of Essence. The County is not required to send notice of acceptance to a purchaser. If the purchaser fails to pay the balance of the purchase price as herein provided, the deposit shall be forfeited as liquidated damages. The County reserves the right, to bring an action for specific performance. "Time is of the essence." 18. In the event that a sale is cancelled by Court Order or judgment or by resolution of the Rensselaer County Legislature, the successful bidder shall be entitled only to a refund of the purchase money. Purchaser shall not be entitled to special or consequential damages, nor attorney fees, nor reimbursement for any expenses incurred as a result of ownership or improvements of the property nor for taxes paid during the period of ownership. 19. All sales shall be final, absolute and without recourse once title has closed and the deed has been recorded. In no event, shall Rensselaer County and/or Collar City Auctions Realty & Management, Inc. be or become liable for any defects in title for any cause whatsoever, and no claim, demand or suit of any nature shall exist in favor of the purchaser, its heirs, successors or assigns, against Rensselaer County and/or Collar City Auctions Realty & Management, Inc. arising from this sale. 20. Property Inspection: Properties shall be available for inspection on the published date and time. This is the only time the property will be available for inspection. Please bring a flashlight. No children or pets please. 21. Conveyance shall be by quitclaim deed only, in a form approved by the Rensselaer County Attorney, containing a physical street address of the property as it appeared on the tax roll for the earliest year for which the County acquired title or as corrected up to date of deed. The deed will be recorded by the County upon payment in full of the purchase price and closing fees/costs. POSSESSION OF PROPERTY IS FORBIDDEN UNTIL THE DEED IS RECORDED WITH THE RENSSELAER COUNTY CLERK CONVEYING TITLE TO THE PURCHASER. TITLE VESTS AT THE RECORD- ING OF THE DEED. It is agreed between the County and the purchaser that delivery and acceptance of the deed occurs upon recording of the deed. 22. A quitclaim deed issued as a result of the auction shall contain the following provisions: (a) "Nothing contained in any description herein is intended to convey more than the assessed owner owned at the time of the levy of the tax, the non-payment of which resulted in the tax sale. There is no representation as to the extent of the acreage conveyed herein"; (b) "Excepting and reserving all the right, title and interest of the County of Rensselaer in and to any portion or interest of the lands herein conveyed, which interest was heretofore acquired other than pursuant to the provisions of the Real Property Tax Law of the State of New York"; (c) If the former owner is the grantee herein or subsequently, then all liens that were of record when the County took title are thereby reinstated. 23. Evictions, if necessary, are solely the responsibility of the successful bidder after closing and recording of the deed. 24. The successful purchaser on each auction parcel must remove the auction sign within seven (7) days after the recording of the deed. 25. By acknowledging and executing these Terms & Conditions, the purchaser certifies that he/she is not representing the former owner(s) of the property against whom Rensselaer County foreclosed and has no intent to defraud Rensselaer County of the unpaid taxes, assessment, penalties and charges which have been levied against the property. The purchaser agrees that neither he/she nor his/her assigns shall convey the property to the former owner(s) against whom Rensselaer County foreclosed within 24 months subsequent to the auction date. If such conveyance occurs, the purchaser understands that he/she may be found to have committed fraud, and/or intent to defraud, and will be liable for any deficiency between the purchase price at auction and such sums as may be owed to Rensselaer County as related to the foreclosure on the property and consents to immediate judgment by Rensselaer County for said amounts. 26. Notice To Real Estate Brokers/Agents: The Auction Company is acting in the capacity of a Real Estate Broker and NOT as a Realtor on the sale of the properties contained herein. The Auction Company is NOT offering any cooperating brokerage fee to any outside brokerage company for producing a bidder or purchaser at this auction. It is recommended that Brokers and/or Agents structure some type of compensation from the buyer they are representing in the capacity of a "Buyer Broker". 27. Prospective Purchasers are strongly urged to thoroughly inspect all properties prior to bidding and to verify all property information contained herein. All information is supplied as a guide and is not guaranteed in any manner. 28. Purchase and sale agreement is not assignable, transferable or negotiable. 29. The Seller and Auctioneers reserve the right to refuse admittance to or expel anyone from the auction premises for interference with the auction activities, nuisance, canvassing or any other reason(s). 30. The Auction Company, County and its Agents, Servants, Employee's or Agents shall, upon signing by the Bidder as Purchaser, forever be immune from any claim that may arise now or in the future from any personal injury or any type of claim whatsoever by any attendee at any property inspection, during or while at any property for any reason, including the auction site or any property owned or in the control of the County of Rensselaer, NY. I/We Agree That I/We Have Read And Clearly Understand The Above Captioned Terms & Conditions And Further Agree To Abide And Be Bound By All Terms & Conditions, Contracts And Addendums. By: October 5, 2016 Bidder as Purchaser By: October 5, 2016 Bidder as Purchaser 14
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20 Licensed & Bonded Auctioneers/Liquidators/Realtors/Certified Appraisers & Consultants 9423 Western Turnpike Delanson, NY WORLDWIDE AUCTION, LIQUIDATION, REAL ESTATE, APPRAISAL, CONSULTING & MGMT. SERVICES REAL ESTATE AUCTION 78 Single Family Homes, Multi-Family Homes, Commercial, Seasonal Homes & Vacant Land PLEASE RUSH TIME DATED MATERIAL REAL ESTATE AUCTION BY ORDER OF THE COUNTY OF RENSSELAER, NY 78 Single Family Homes, Multi-Family Homes, Commercial, Seasonal Homes & Vacant Land County of Rensselaer, NY Tax Foreclosed Properties WEDNESDAY, OCTOBER 5, PM REGISTRATION: 5:30 PM FRANKLIN TERRACE BALLROOM, 126 CAMPBELL AVE. TROY, NY. AVOID REGISTRATION LINES - PRE-REGISTER ONLINE at Pre-Registration: Tuesday, October 4th at 6:00 PM followed by Important Informational Meeting at 7:00 PM Auction and Informational Meeting Site: Franklin Terrace Ballroom, 126 Campbell Ave. Troy, NY. NOTE: Auction will start promptly at 7:00 PM. Please attend the pre-registration and pre-informational meeting on October 4th at the Franklin Terrace Ballroom to avoid delay in the auction. Directions: NYS Thruway, Exit 23, I-787 North to Exit 7-E (South Troy) and Continue over Bridge into South Troy. Bear Right at 2nd Light onto Mill Street, Left at 2nd Light on Campbell Ave, Auction Site on Right.
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