Auc­tion of prop­er­ties

Stanstead Journal - - NEWS - Made­line Mul­hol­land Stanstead

Stanstead will be auc­tion­ing three lo­cal prop­er­ties on June 9th, , 10:00 AM, at Stanstead’s Town Hall. The prop­er­ties were seized and are to be auc­tioned for non­pay­ment of mu­nic­i­pal taxes.

For those who have wor­ried about delin­quent tax pay­ments and the pos­si­ble con­se­quences, there is a reg­u­lated time frame in which the process of seizure takes place. In Stanstead, own­ers who had prop­er­ties seized and auc­tioned have re­course in re­cu­per­at­ing their prop­erty, even af­ter its’ sale. Prop­er­ties sold at auc­tion will be re­turned to the orig­i­nal owner un­der cer­tain con­di­tions. Prior own­ers have one year from the date of auc­tion to pay all out­stand­ing amounts, taxes and costs, in or­der to re­cu­per­ate the prop­erty. Those who pur­chase an auc­tioned home, de­spite hav­ing to pay in full for it at time of sale, still stand a risk of hav­ing it re­pos­sessed by it’s orig­i­nal owner. The new owner re­ceives a cer­tifi­cate grant­ing them pro­vi­sional own­er­ship for the first year. They may be­come out­right own­ers only af­ter the first year has ex­pired and the pre­vi­ous owner has failed to re­pur­chase the prop­erty in ques­tion.

The prop­er­ties to be auc­tioned on June 9th are an empty lot in Stanstead, the prop­erty lo­cated at 49 Junc­tion Street in Beebe Plain, and the struc­ture and ac­com­pa­ny­ing land lo­cated at the civic ad­dresses 575-581 Duf­ferin Street in Stanstead. The amounts out­stand­ing on these prop­er­ties range from $373.17 to $2,050.79.

In mu­nic­i­pal auc­tions, prop­er­ties are sold to the high­est bid­der, who must im­me­di­ately pay cash, or its’ equiv­a­lent, in or­der to take own­er­ship. Fail­ure to pay the sale amount in full at the time of sale will cause the prop­erty to be re-auc­tioned. The prop­er­ties in ques­tion may be re­moved from the auc­tion with­out no­tice if all out­stand­ing taxes and other ap­pli­ca­ble fees are paid in full by the owner prior to the auc­tion tak­ing place. Ques­tions con­cern­ing the prop­er­ties in ques­tion should be ad­dressed to the Town Hall clerk, Mr. Ed­win Sullivan, at (819) 876-7181.

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