LEGAL NOTICE
NOTICE OF PUBLIC AUCTION
Town: Old Saybrook
Sale Date: November 12, 2016
Sale Time: 12:00 p.m. on property site
Inspection commencing at 10:00 a.m.
Property Address: 185 Bokum Road, Old Saybrook, CT 06475
Anyone who would like to participate in the auction must register with the auctioneer prior to the auction and present for the auctioneer’s examination a certified or bank check made payable to the Town of Old Saybrook in the amount of $22,000. The Town reserves the right to accept or reject any and all bids at auction.
Qualified bidders will be issued numbers and bidding will be conducted and recorded by those numbers. The auctioneer must collect all deposit checks from bidders when bidders register to bid. The successful bidder will be required to endorse the check to the Town of Old Saybrook. The successful bidder must be prepared to execute a contract with the Town immediately upon completion of the bidding process with the Town of Old Saybrook.~ This contract will require that the balance of the purchase price and the closing of the transaction shall take place within 30 days following the approval of the sale by the Town.~ A copy of the contract will be available for review by bidders at 10:00 a.m. on the day of sale."The deposit may be forfeited if the successful bidder fails to complete the transaction
within the thirty-day period.
The property is being sold “as is”, subject to no contingencies whatsoever. The auctioneer and the Town of Old Saybrook make no representations or warranties, either express or implied, concerning the property’s condition, and no adjustments will be made for any defects that may be discovered after this date. The auctioneer and the Town of Old Saybrook make no representations of any kind as to the environmental condition of the property. All bids are to be based on bidder’s own information and knowledge of the property, learned through his or her own efforts, and not on
any representation or comments made by the auctioneer.
The property is being sold subject to:
- All taxes due the municipality,
- All building and zoning regulations of the municipality which affect this property,
- All building lines, easements, restrictions and all other matters concerning this property which appear of record,
- The rights of any person in possession or occupancy of the property,
- The right of the United States of America to redeem the property, if applicable under Federal law and
- any other liens on the property.
Auctioneer: Attorney Michael E. Cronin, Jr., 201 Main Street, Old Saybrook, CT 860-388-5729
A full copy of the appraisal can be viewed here:
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