Official Bid Form For Leftover Parcels (Page 2 of 4) in pdf

6. AMOUNT OF BID/PURCHASE PRICE: $____________________________

($_______________) 10% of Bid Price with approved funds as down payment upon signing this document

(NO CASH OR PERSONAL CHECKS – DEPOSIT MUST BE IN THE FORM OF AN OFFICIAL BANK

CHECK OR MONEY ORDER), receipt of which acknowledges if your bid is accepted by the Orange County

Legislature, the 10% deposit is NOT refundable. If your bid is not accepted, your deposit WILL BE refunded.

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INITIAL

7. ESCROW ACCOUNT DEPOSITS – It is agreed that any down payments made by the Bidder/Purchaser on

account of the purchase price is to be deposited in the Commissioner of Finance, Orange County Designated

Account once the contract is approved by the County, if not, then to be returned to Bidder/Purchaser. Bidder/

Purchaser’s down payment will be credited to the purchase price at closing.

8. DEED – The property shall be transferred from Seller to Bidder/Purchaser by means of a Quit Claim Deed,

furnished by the Seller. The deed and real property transfer gains tax affidavit will be prepared by the Seller

and signed so that it will be accepted for recording by the Orange County Clerk.

9. REPORT OF SALE TO IRS – Seller will report this sale to IRS.

10. BUYER’S MORTGAGE EXPENSES (if any) – This contract is for a cash sale and the Bidder/Purchaser

understands and agrees it is not contingent upon the Bidder/Purchaser obtaining any loan to purchase the

property.

However, should the Bidder/Purchaser obtain a loan, Bidder/Purchaser understands and agrees

that the closing will not be delayed by reason of any loan application or process of such loan, and that all

lender mortgage loan fees, points, appraisal fees, title insurance and all other expenses incidental to any such

loan shall be paid by Bidder/Purchaser.

11. BROKER AGENT(S) FOR SELLER ONLY – It is clearly understood and agreed by the Bidder/Purchaser that

JOHN I. MCCAREY is DIRECTOR OF REAL PROPERTY TAX SERVICE.

12. TITLE INSURANCE/ABSTRACT OF TITLE – Expenses (if any) for title and tax searches shall be paid by the

Bidder/Purchaser, however, this sale is not contingent upon insurable title.

13. TAXES, ADJUSTMENTS and OTHER DISCLOSURES – Bidder/Purchaser shall pay the current year’s taxes

in full upon closing or as otherwise legally required whichever is later. (These amounts are obtainable from

the local tax collector.) Conditions/Notice: Any Bidder/Purchaser is advised to make his/her own investigation

regarding title issues and the location, nature and condition of the premises, as Orange County makes no

representation as to the nature, location, condition or title of these lands in advance of this sale, by verification

with the local assessor’s office or as he may otherwise choose, also, check locally for zoning and building

codes relating to the property(ies). Bidder/Purchaser(s) is further advised to investigate as to whether any

liens are attached to said lands as certain liens may remain attached after public sale.

Successful

Bidder/Purchaser will receive a Quit Claim Deed describing the property by tax map section, block and lot

number without representation of covenants or warranty and will convey whatever title Orange County has

acquired to said lands by reason of failure to redeem from tax sales. Bidder/Purchaser is advised to check

with the Orange County Department of Finance or the local Tax Collector as to the amount of current

year taxes due, which MAY be the responsibility of the successful Bidder/Purchaser, after taking title,

with no adjustment as to date. This should be considered when making a bid.

14. BACK TAXES INCLUDED AS FOLLOWS: The purchase price includes all taxes and assessments on the

property for all prior years except village and school district taxes, which are relevied and may include

penalties and interest.

**The purchase price DOES NOT include FOR THE CURRENT YEAR THE

FOLLOWING TAXES:**

YEAR __________ TOWN & COUNTY TAXES and/or YEAR __________ VILLAGE TAXES

YEAR __________ & __________ SCHOOL TAXES and/or SCHOOL RELEVIED TO BE ON THE TOWN &

COUNTY TAX BILL FOR THE YEAR _____________.

WE/I ARE RESPONSIBLE FOR ALL TAXES & RELEVIES, WHICH MAY INCLUDE PENALTIES &

INTEREST AS NOTED ABOVE

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INITIAL

15. DATE AND PLACE OF TRANSFER OF TITLE – The transfer of title to the property from Seller to

Bidder/Purchaser will take place at the office of Real Property Tax Service at 124 Main Street, 1887 Building,

Goshen, NY 10924, unless another convenient location is agreed upon by the parties.

Page 2 of 4

Official Bid Form For Leftover Parcels Page 2

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