ULSTER COUNTY REAL ESTATE TAX FORECLOSURES

Auctions Terms Are Listed Below... It May Be Easier To Print And Read From The Following Two Links... Please Read Through All The Terms As They Are The "Rules" Of The Auction And Apply To All Bidders... http://www.georgecoleauctions.com/cutax/2021BrochureMostCurrent.pdf http://www.georgecoleauctions.com/cutax/2021AuctionTerms-AuctionPlatformSupplement.pdf County of Ulster Public Auction 2021 NOTICE OF SALE AT PUBLIC AUCTION OF COUNTY LANDS LIVE ONLINE BIDDING ONLY AT WWW.GEORGECOLEAUCTIONS.COM JUNE 14, 2021 PRE-REGISTRATION REQUIRED ON OR BEFORE 9:00 AM JUNE 14, 2021 AT WWW.GEORGECOLEAUCTIONS.COM Pursuant to the resolution of the Ulster County Legislature authorizing the sale of the parcels listed, and in the matter of the foreclosure of tax liens by proceeding in rem pursuant to Article Eleven of the Real Property Tax Law by Ulster County, and all of which have remained, for more than three years, unredeemed, and for all of which the County Commissioner of Finance has made and delivered his deed to the County of Ulster for the same. Listed parcels may include properties deemed hazardous, to which the County of Ulster has not taken title. If a bid is accepted with respect to such a parcel, an amended judgment will be obtained to authorize the conveyance of same directly to the successful purchaser and successful purchaser shall agree to fully indemnify Ulster County with respect to such parcel. Please take notice that in the event a parcel is not redeemed and is thereafter foreclosed, the County of Ulster assumes no responsibility for any personal property located at the foreclosed premises, and any such personal property shall, as of the time the property is thereafter sold at public auction, be deemed abandoned. TERMS OF SALE 1. The foregoing information and description are complete as far as the records and knowledge of the undersigned indicate. An express condition of this sale is that no warranty or representation is made as to the accuracy of any description or as to title. The County makes no representation that any parcel is free from mortgages, liens, judgments, or encumbrances of any kind; that any building or improvements exist, even though the descriptions may state that the building or improvements exist thereon. 2. Bidders should be aware that where property is located in a village there is the possibility of liens existing due to non-payment of village taxes. Bidders are advised to check on the status of such liens on the date of sale. In addition, any bidder should note that the County may or may not sign agreements with individual Villages to include in the sale the amount of delinquent village taxes. Whether or not such an agreement exists as to any particular parcel or Village may be ascertained from the County Commissioner of Finance on the date of sale. 3. The County Commissioner of Finance reserves the right but shall not be obligated to provide any additional information regarding any parcel on the date of sale. Research should be done prior to auction by prospective bidder. 4. The right is reserved by the undersigned to withdraw any of the aforementioned parcels from such sale at any time before the same are struck down, or to reject any and all bids made at the time of the sale with respect thereto. 5. All purchasers will sign a memorandum of purchase wherein the purchaser affirms that he or she is not acting on behalf of the former owner(s). 6. At the time the premises are struck down, the successful bidder will be required to pay 30% of his/her bid by credit card or debit card, by 5:00 PM June 15, 2021. The successful bidder shall be responsible for the payment of a three percent (3%) buyer?s premium at the time of the deposit. There is a three percent (3%) credit/debit card fee charged on the total deposit with the buyer?s premium included. The balance of the said bid must be paid in person by cash, certified check, cashier?s check or money order(s) to the Ulster County 2 Commissioner of Finance. The Department of Finance will contact you to schedule your final payment appointment within 24 hours after the close of the auction. All bid balances must be paid in full at the time of the scheduled appointment or the offer shall be deemed withdrawn and the monies paid will be forfeited. There will be a deed recording fee due along with your bid balance in the amount of $195.00 or $310.00, depending on the classification of the property, for the recording fee for the deed. 7. No Recourse. Bidders shall not hold Ulster County and/or George Cole Auctions, Inc. responsible for any failure due to the loss of the internet connection supplied by the Provider. 8. Every bid made at the sale shall be deemed a firm offer to purchase, subject to acceptance or rejection by the Ulster County Legislature in its sole and absolute discretion. If accepted, a quitclaim deed conveying the interest of the County in the parcel of land will be executed and delivered. The successful bidder is subject to the condition and covenant that the said County of Ulster shall in no event be or become liable for any defects in title so conveyed for any cause whatsoever, and no claim or demand of any nature shall ever be made against the said County of Ulster arising from such sale or proceedings leading thereto. In the event any offer is rejected by the Ulster County Legislature, the monies paid there under shall be promptly refunded. 9. Bids will not be submitted to the Legislature until they are paid in full. Transfer gains and E & A forms must be fully completed by a bidder to allow recording of the deed. If bidder fails to comply with these requirements, his/her bid will be rejected, and money returned or forfeited. 10. The opening bid shall be the redemption amount listed for each property except, in instances where the County Commissioner of Finance has established a lower minimum opening bid. Succeeding bids must be made in multiples of at least $100. Interest is not paid on bids rejected by the County Legislature. 11. The purchaser of any of said parcels shall, at the time and place of his/her appointment to settle, sign a memorandum of his/her offer to purchase and an agreement to comply with the terms and conditions of sale herein contained, and to execute transfer gains and E & A forms to allow recording of the deed. When taking title to property in more than one name, please be specific as to the form of ownership you would like the deed to be in, i.e. ( tenants in common, joint tenants with the right of survivorship or in the case of a married couple tenants by the entirety). There are significant differences in each form of ownership, so if one is unsure or has questions, a private attorney should be consulted. If you are taking title in the name of a single or multi-member LLC, all members, managers, and other authorized persons of the LLC must provide their name(s) and address(es). If any member of the LLC is itself an LLC or other business entity, a list of all shareholders, directors, officers, members, managers and/or partners of that LLC or other business entity?s name(s) and address(es) must be provided. 12. Upon the approval of the purchase bid, the deed will be filed with the County Clerk. 13. POSSESSION OF PROPERTY IS FORBIDDEN UNTIL THE DEED IS RECORDED WITH THE ULSTER COUNTY CLERK CONVEYING TITLE TO THE PURCHASER. TITLE VESTS UPON THE RECORDING OF THE DEED. 14. SUCCESSFUL BIDDERS SHALL BE RESPONSIBLE FOR PAYMENT OF 2021-2022 SCHOOL TAXES, ANY VILLAGE OR TOWN WATER AND SEWER RENTS AND ASSESSMENTS, ANY OTHER APPLICABLE CHARGES (INCLUDING BUT NOT LIMITED TO, OMITTED AND PRO RATED TAXES, DEMOLITION CHARGES AND INTEREST AND PENALTIES), AND ALL SUBSEQUENT TAX LEVIES. 15. Evictions, if necessary, are the sole responsibility of the successful bidder once the deed has been recorded in their name. 16. All registered bidders are required to provide proper picture I.D. with a signature. 3 PLEASE NOTE: Ulster County has a Reacquisition Policy, for residential and commercial properties only, that allows the former owner of a property to buy back their property after a bid has been received but prior to Legislative approval, for an amount in excess of the highest bid at auction plus buyer?s premium including processing fee. If this occurs, the bidder will be reimbursed his/her bid monies paid, including the buyer?s premium with processing fee. COUNTY OF ULSTER BY: Honorable David B. Donaldson CODES FOR CLASSIFICATIONS 100 AGRICULTURAL 200 RESIDENTIAL 300 VACANT LAND 400 COMMERCIAL 500 RECREATION & ENTERTAINMENT 600 COMMUNITY SERVICES 700 INDUSTRIAL 800 PUBLIC SERVICES 900 WILD, FORESTED, CONSERVATION LANDS & PUBLIC PARKS Chairman, Ulster County Legislature CONTACT INFORMATION: Burton Gulnick, Jr. Ulster County Commissioner of Finance Phone: (845) 340-3297 Website: www.ulstercountyny.gov/finance 4 IMPORTANT NOTICE The County of Ulster strongly recommends that all prospective bidders thoroughly research and investigate any property(ies) they are planning on bidding on for judgments, liens, mortgages, exact location, description, physical condition and legal use prior to bidding at the auction. IF YOU HAVE NOT THOROUGHLY RESEARCHED AND INVESTIGATED THE PROPERTY(IES) YOU PLAN ON BIDDING ON, AND/OR DO NOT HAVE THE CORRECT FORM OF PAYMENT IN PLACE AT THE TIME AND PLACE OF THE AUCTION, PLEASE DO NOT BID ON ANY OF THEM. IF YOU ARE DISSATISFIED WITH YOUR PURCHASE AND DO NOT PAY YOUR BID BALANCE YOU WILL NOT RECEIVE YOUR MONIES BACK. MONIES PAID WILL BE FORFEITED. AUCTION TERMS SUPPLEMENT REGARDING ONLINE BIDDING FOR COUNTY OF ULTER TAX FORECLOSURE SALE JUNE 14, 2021 - Last Updated: 4/16/21: The Terms herein are a supplement to the terms listed in the ?County Of Ulster Public Auction 2021? document which can be found on the County website, and the Auctioneer website www.georgecoleauctions.com. The terms ?GCA? and ?Auctioneer? refers to George Cole Auctions ? 845.758.9114 www.georgecoleauctions.com mailbox@georgecoleauctions.com , and ?CofU?, "us," "we," or "our" as used herein all refer to ?County Of Ulster?. All property and every lot for sale in the auction catalog is offered subject to the following terms and conditions, along with any changes that may be published or announced prior to or during a sale by George Cole Auctions, Inc. (GCA). Unless otherwise indicated in the catalog or at time of sale, George Cole Auctions acts at all times solely as the agent for the seller County Of Ulster. All lots are offered As-Is, Where-Is. Time is of the essence as to the timeline when events described herein are scheduled to occur. All sales shall be deemed to occur in New York regardless of the physical location of the buyer, or physical location of the servers or other equipment used facilitate the online bidding. Note AutoPay: Winning Bidders who have not paid First Payment electronically or contacted George Cole Auctions to complete First Payment by 5:00PM Eastern on Tuesday, June 15th, 2021, you authorize charging the credit/debit card you used to register for the auction for the First Payment as described in these terms. DEFINITIONS: -HAMMER PRICE: The highest bid received for a lot upon the fall of the auctioneer's hammer. -BUYER'S PREMIUM: The amount paid by the buyer as a percentage of the hammer price and in addition thereto. -STARTING BID PRICE: The minimum bid required to start the bidding on a lot, listed as tax amount or opening bid. -RESERVE: The minimum price at which the lot may be sold, listed as the tax amount. -BUYER: The person or entity who buys property at auction or private sale. -CONSIGNOR: The seller, or the seller's representative, on behalf of whom we are selling the Property. -LOT: The single item or group of items offered by us for sale. -PROPERTY: The item or items comprising an auction lot being offered for sale. -FALL OF THE HAMMER: The moment when there are no more bids and the lot is declared sold. -STRUCK DOWN: When a lot is ordered to be removed from the auction by court order or by buy back. -REDEMPTION/REDEEMED: A property is redeemed when the tax payer pays all the back taxes. -AUTOPAY: Winning bidders who for whatever reason do not manually make payment before the Autopay Deadline will be automatically charged for the First Payment. -AUTOPAY DEADLINE: Set for 5:00PM Eastern on Tuesday, June 15th, 2021 TERMS OF SALE: a. The Purchase of and Payment for Property The sale of a lot shall be to the highest bidder as determined by the auctioneer, in accord with these Conditions of Sale. Buyer shall pay the Purchase price, as defined above, and such other fees as may be due, in full, with the First Payment being due by 5:00PM Eastern, Tuesday, June 15th, 2021. THE AUCTION PROCEDURE: 1). REGISTRATION: a. Bidders must register online in advance to bid at auction. Prospective bidders may register by clicking the link posted at County website and on the auctioneer website www.georgecoleautions.com. b. The online Registration Form must be completely filled out to be accepted. c. The Auctioneer / Online bidding platform will not allow any person to bid until registration is completed, submitted, and accepted. d. The CofU reserves the right at its sole discretion, to refuse anyone the right to register and participate at an auction if the person fails to complete the registration requirements. 2). MODIFICATIONS: a. We may, at the commencement of, or during the Auction, announce changes in or modifications to the Lot Order, Lot Structure, Combine Lots, Split Lots, Modify the Catalog, Modify Conditions of Sale or descriptions of Property. b. REMOVAL OF LOTS ? As with In-Person auction proceedings a property is subject to being bought back (overdue taxes paid in full by the taxpayer) at any time prior to the fall of the hammer. Nothing has changed in this regard. It is possible that a lot may be struck down during the auction, or even in the midst of bidding on that actual lot. If the judge calls before the hammer falls on the lot, we must nullify any bids on the lot. 3). ADVANCE BIDDING: a. For Bidder?s convenience, advance bidding is available. For strategy, some bidders like to wait until the last second to bid. We have seen some disappointed bidders lose lots because of walking away from the computer at the wrong time, checking in to the auction at the wrong time, forgetting, slow reflexes, connectivity issue, etc? Bidders placing advanced bid will know for sure that their bid has been accepted/logged. They will also have the advantage of being the first person at that interval. In the live part of the auction, only the current highest bid is revealed. In the event that a live bidder is bidding against an advance bid, the advance bid has the advantage of being accepted on every increment until the advance bid is exhausted. 4). AUCTIONEER'S DISCRETION: Regarding resolution for discrepancy and errors, the Auctioneer when acting in the interest of, and as agent of CofU has the absolute discretion to; a. pass a lot or withdraw it from sale at any time prior to its actual sale; b. refuse to recognize any bidder in the interest of time or for any other reason; c. refuse to recognize any bid in the interest of avoiding trouble collecting, maintain a peaceable auction event, or for any other reason; d. resolve any dispute between bidders or resolve any doubtful bid by deciding who is the successful bidder or nullifying the auction of the lot. The Auctioneer's decision is binding as to disputes arising at auction. If a dispute arises post sale, our records of the sale shall be conclusive. GCA, CofU, agents and assigns shall be without any liability whatsoever resulting from the exercise of the discretion referred to herein. e. resolve any issue occurring from any error made by auctioneer, recording clerk, and or any other auction staff. 5). RESERVES - Properties are offered for sale subject to a Reserve and terms herein and stated in the County Of Ulster Public Auction 2021 Brochure. In this auction, the Reserve is the Starting Price and has been set to be the same as the tax amount owed unless otherwise noted. 6). POST AUCTION: A). PAYMENT: Winning Bidder must complete payment as follows: Invoices will be sent via email to winning bidders following the auction. Winning Bidders will make 2 payments. Winning bidder is required to pay the first payment by credit/debit card, before 5pm the following day. Any unpaid payments not completed by 5pm will be subject to autopay attempt. Following confirmation of the initial payment the winning bidder will be contacted to schedule an appt with CofU to complete second payment and sign appropriate documents which will complete the payment process. 1). First Payment will be as follows: 30% of hammer price + Online Platform Sales Premium which is 3% of the Hammer Price + Payment Processing Fee which is 3% of the amount charged to satisfy the First Payment. Example: $10,000 Hammer price would require a First Payment of 30% of Hammer ($3,000) + 3% of Hammer Online Sale Premium ($300) + Payment Processing Fee (3% of $3,300 or $99)? So $3,000 + $300 + $99 = $3,399 would be the initial payment due in this example. This payment is due by 5:00PM Eastern on Tuesday, June 15th, 2021 and must be made by Credit/Debit - Major Cards Accepted VISA/MC/AMEX/DISC Winning Bidders can pay electronically through their invoice or contact George Cole Auctions to facilitate payment over the phone. By registering to participate in our auction, Buyer authorizes Auctioneer/Online Bidding Platform Autopay to automatically charge the Buyer's credit/debit card as described herein to complete the First Payment. In the event that payment fails or processors refuse to process First Payment, buyer must complete First Payment immediately directly to Auctioneer. 2). 2 nd/Final Payment will be as follows: Following completion of first payment, Winning Bidders will be contacted to set an appointment to complete the Second Payment. Second Payment will be in person with the CofU to pay the balance due for the Hammer Price + deed recording fee and sign necessary paperwork. Deadline for completion of second payment will be at scheduled in-person appointment between June 16,2021 through June 18, 2021. 7). These Terms are a supplement to the terms listed in the ?County Of Ulster Public Auction 2021? document which can be found on the County website, the Auctioneer website www.georgecoleauctions.com . 8). By requesting to register to participate in this auction you agree to be bound by the terms listed both here and in the ?County Of Ulster Public Auction 2021? document.

If you have not contacted George Cole Auctions to arrange payment within 3 days of the time that invoice is sent, we will charge the credit card you used to register for the auction for the amount of your invoice.

Online purchases from George Cole Auctions may be subject to sales tax. Please see the following for more details. If you are tax-exempt, you can submit your tax-exempt certificate to prevent the collection of tax. Learn more about tax-exemption.