Town of Lamoine, Maine
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FOR SALE BY SEALED BID - TAX ACQUIRED PROPERTY

The Town of Lamoine is accepting sealed bids on the municipality's interest on a property acquired by a tax lien foreclosure and for which the previous owner has opted not to re-acquire the property. The property is a 0.51 acre parcel, identified on the Town of Lamoine tax maps as Map 12 Lot 46 with an address of approximately 77 Berry Cove Road. There are no buildings on the property at this time. The minimum bid is $1,600.00. The land is assessed at $32,000 according to the 2011 tax commitment. Bids will be accepted until 4:00 PM on March 15, 2012. Bids must be accompanied by a deposit of $500 in the form of a bank cashier's check. The deposit shall be credited toward the sale price. Bids shall state, at a minimum, the amount of the offer, the bidder's name, address, and telephone number(s). The Lamoine Board of Selectmen will open and read aloud all bids received prior to the deadline at their meeting that evening and then award the bid. Deposits from unsuccessful bidders will be returned within 30-days. The successful bidder shall certify that the remainder of the bid price will be received no later than April 5, 2012, whereupon the Lamoine Board of Selectmen shall issue a quitclaim deed without covenant to the property. If the successful bidder fails to complete the transaction, the deposit shall be forfeited to the Town of Lamoine, and the bid acceptance shall be deemed void. The Board of Selectmen may thereafter negotiate a sale of the property with any unsuccessful bidder.

It shall be the responsibility of the purchaser to pay their share of the State of Maine Real Estate Transfer tax, the cost to be determined at closing. The Town of Lamoine shall file the deed and the transfer tax form at the Hancock County Registry of Deeds. The source for the property foreclosure is a lien filed in Book 5444 Page 317 of the Registry of Deeds. The property is described in Book 2357 Page 37 in a deed from Brian Young to Brian, Virginia and Edwin Young. The tax map and other information regarding the property may be viewed at the Lamoine Town Office during regular business hours, or on the town's website (www.lamoine-me.gov).

Bids shall be submitted in sealed envelopes to: Town of Lamoine, Attn: Tax Sale Bid, 606 Douglas Highway, Lamoine, ME 04605. The Town of Lamoine reserves the right to accept or reject any bids. For more information, contact Stuart Marckoon, Treasurer, Town of Lamoine, 207-667-2242 or e-mail town@lamoine-me.gov .

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