Monday, May 23, 2011

FAQ

The following are answers to frequently asked questions.

It is recommended that any person interested in bidding on any parcel to be sold by the City consult with his or her attorney or other advisor should such bidder have any questions regarding the purchase of any parcel or the procedures followed during the sale.

**** Neither the collector of Revenue Services nor any employee of the City, nor any person retained by the Collector of Revenue Services in connection with the sale, is authorized to give any advise to any prospective bidder other than to refer such bidder to C.G.S., Sec. 12-157. ****

1. What is the minimum bid?

The minimum bids will be posted on the website on the monday prior to the auction date. However in the case that we do not have all the figures completed you should check on the date of the auction and a posting will be made available at the time and place of the auction.

2. What are the conditions of the property?

No representations are made as to the physical conditions of any parcel as of the date of the sale.

3. Can the property be viewed?

You may choose to drive by the property you are interested in and make a decision as to whether you still want to bid.

4. Where can I obtain further information on the property?

You may go to the City of Waterbury Tax Assessors website and obtain demographics regarding the properties. Again there is no representations being made. We cannot
verify how updated the information is.

5. When is the balance on the succesfull bid due?

Balance is due and payable by certified funds to the State Marshal 10 (Ten) calendar days after the auction date.

6. Am I responsible for any liens and or mortgages?

The properties being sold may be subject to a certain lien or liens that have been assigned to third parties. All inquiries regarding these liens including inquiries regarding the amounts due should be directed to 1-860-724-9100 ext 105 Tax Serv Capital Services 750 Main Street Suite 102 Hartford CT 06103-2703

7. What is the redemption Period?

The delinquent taxpayer and any other parties identified in C.G.S. Sec 12-15 shall have the right to redeem the property in the manner set forth in this section.

8. What if the property is not redeemed?

If redemption does not take place within as set forth in C.G.S. Sec 12-157 the deed shall be recorded by the Town Clerk and shall have full effect.

9. What if the property is redeemed?

If the property is redeemed within the redemption period the succesfull bidder will receive their full bid amount plus interest from the date of sale to the redemption date.

Posted by New Haven County Marshals @ 12:14 PM