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Committees appointed to
conduct foreclosure sales must use the following form of advertisement
and the following Notice to Bidders:
IMPORTANT NOTICE TO COMMITTEES:
Post sale motions MUST include a Motion to Approve the Sale. Failure to
file a Motion to Approve Sale may delay the post sale proceedings.
Model
Notice to Bidders*
Pursuant to a judgment of foreclosure by
sale rendered by the Superior Court for the Judicial District of New
Haven at New Haven in the case of ABC BANK v. JOHN DOE, Docket No.
CV01-0123456, the property known as 125 Main Street, Anytown, CT is
being sold at public auction on Saturday, [Date] at [Time]. The property
is legally described as follows:
[Insert legal description
of property].
The sale is subject to approval by the
Court.
Anyone wishing to participate in the
bidding, except the foreclosing plaintiff, must register with the
Committee prior to the auction and present for the Committee’s
examination a certified or bank check in the amount of $[Amount of
deposit] ([Amount of deposit in words]). Qualified bidders will be
issued numbers, and bidding will be conducted and recorded by those
numbers. The successful bidder will be required to deposit the check
with the Committee at the conclusion of the auction.
A report of the results of this auction
will be submitted promptly to the Court for approval. The successful
bidder must be prepared to pay the balance of the purchase price within
thirty (30) days after the approval of the sale. The deposit may be
ordered 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 Committee makes no
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 Committee makes no representations of
any kind as to the environmental condition of the property. All bids
are to be made based on the 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 Committee.
The property is being sold free and clear
of the lien(s) being foreclosed, and of all interests subsequent in
right to that lien. The property is being sold subject to:
A) All taxes due the city of Anytown not
foreclosed by this action. The Tax Collector has advised the Committee
that the outstanding balance on these taxes is $X, plus accruing
interest. The Committee makes no representations as to the accuracy of
this information.
B) Water and Sewer use charges not
foreclosed by this action. The Regional Water Authority and the Water
Pollution Control Authority have advised the Committee that the
outstanding balance on these charges total $Y, plus accruing interest.
The Committee makes no representations as to the accuracy of this
information.
C) All building and zoning regulations of
the city of Anytown which affect this property.
D) All building lines, easements,
restrictions and all other matters concerning this property which appear
of record.
E) The rights of any persons in
possession or occupancy of the property who have not been made parties
to this foreclosure action.
F) The right of the United States of
America to redeem the property, if applicable under Federal law.
G) Any other liens on this property which
have not been foreclosed by this action.
The risk of loss or damage to these
premises is to be borne by the successful bidder, who should purchase
sufficient property insurance to protect his or her interest in the
property.
[Name]
Committee for Sale
*This model should be considered the
minimum notice to bidders. Committees should feel free to add any
additional information as they deem appropriate.
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Standard Form for Newspaper Ads in Foreclosure
Sales Ordered by the New Haven Superior Court
(Legal description of
property should not be included in ad. Committee should have it
available from the court file for interested parties.)
NOTICE OF PUBLIC
AUCTION
FORECLOSURE SALE: [TYPE OF PROPERTY]*
LOCATION: [STREET ADDRESS AND TOWN]
Pursuant to a judgment of
the Superior Court for the Judicial District of New Haven at New Haven
in: [Name of Case], Docket No. [ ], the property named above will be
sold, subject to Court approval, at public auction on Saturday, [Month
and Day], 2002, at [time] on the premises.
The successful bidder shall
deposit with the Committee, at the time of the sale, a certified check
or bank check in the amount of [AMOUNT OF DEPOSIT IN WORDS] ($ .00). The
balance of the proceeds is to be paid no later than thirty (30) days
from the approval of the sale by the Court. If the purchaser is unable
to complete the sale within the thirty (30) day period, the deposit
shall be forfeited.
Further description of the
property and further terms of the sale may be obtained from the
Committee or from the court file.
[Name], Committee
[Street address]
[Town], Connecticut [zip]
(203) [telephone no.]
*Type of property should be identified
as, for example, Residential, Multi-family, Commercial, Industrial, or
Land only.
Please do not print brackets.
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Order
Re:
Plaintiff's Bid at Foreclosure Sale
1)
The Plaintiff may bid at the foreclosure sale by attending the
sale or by communicating its bid
to the Committee of Sale by facsimile transmission
(“Plaintiff’s Written Bid”). 2)
Plaintiff’s Written Bid shall be submitted on
an approved form only. PLAINTIFF'S BID AT
FORECLOSURE
SALE
AND COMMITTEE'S RESPONSE. 3)
Plaintiff’s Written
Bid must be received by the Committee’s office no later than 2:00 p.m.
on the Friday before the sale date, or at such other time as is agreed
to between the Plaintiff’s attorney and Committee. The Plaintiff shall
obtain and retain a confirmation report of the facsimile transmission.
4)
The Committee shall notify the Plaintiff’s attorney by
return Facsimile promptly, but no later than 4:00 p.m. on the Friday
before the sale date, that the Committee has received the bid. The
Committee shall obtain and retain a confirmation report of the facsimile
transmission. Failure of the Committee to confirm receipt shall not
affect the validity of the Plaintiff’s Written Bid. All facsimile bids
shall be made at the peril of the Plaintiff. The failure of a Committee
to record a Written Bid shall not be grounds for the sale to be
disallowed.
5) Plaintiff’s Written Bid shall be deemed to be the first
bid made at the foreclosure sale and the Committee shall register the
Plaintiff at the foreclosure sale as bidder No. 1. The Committee shall
announce the Plaintiff’s bid at the commencement of the bidding and
shall record Plaintiff’s Written Bid as the first bid. The
Plaintiff’s Written Bid shall be attached as an exhibit to the
Committee’s report.
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