Auction of properties
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.