Financing and Terms of SaleFINANCING:
Properties sold for less than $20,000 will be for cash or cash equivalents only, with a required deposit of 20% of minimum bid price. Properties sold for $20,000 or more may be purchased for cash or under a land sale contract, with terms as follows: Cash down at time of sale, 20% of minimum bid price; balance payable in equal monthly installments: $20,000 to $40,000 purchase price is a 3 year term; $40,001 to $60,000 purchase price is a 4 year term; $60,001 and greater is a 5 year term, from date of sale; interest rate is 9% per annum.
Cash payments will be subject to completion of IRS Form 8300: https://www.irs.gov/pub/irs-pdf/f8300.pdf
TERMS OF SALE:
This is an oral auction. Property is sold “as is”. All sales will be made to the highest and best bidder for not less than the minimum bid price. Josephine County does not furnish a survey or provide title insurance in any form. Conveyance shall be by quitclaim deed. Further description of the real properties to be sold may be obtained from the Josephine County Real Property Manager, 500 NW Sixth Street, Courthouse, Room 50, Grants Pass, Oregon (541) 474-5220 or by viewing the county's website at www.co.josephine.or.us (follow links under Departments – Property Management). The Board of Commissioners reserves the right to withdraw any of the said properties from the sale at any time prior to the sale, and to reject any and all offers.
JOSEPHINE COUNTY SHERIFF