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CONTACT:
Azell Murphy Cavaan, Springfield Communications Director (413) 787-7892
Jim Wagner, Public Relations for Daniel J. Flynn & Co. (617) 479-9000
The City of Springfield in conjunction with Daniel J. Flynn & Co. of Quincy will auction off 30 properties in tax-title possession on Monday, April 14, 2008. Registration begins at 5:00 PM and the auction begins at 6:00 PM. The Auction will be conducted ballroom-style, at Springfield City Hall located at 36 Court Street, Springfield, MA 01103.
This marks Springfield’s second real estate auction in 2008. The first auction held on January 17 was well attended and widely considered a success. The auction exceeded the goal of getting at least $500,000 for the properties according to city officials.
“We’re expecting another sizable turnout,” said Acting City Treasurer/Collector Patrick Burns. “These auctions have proven to be a highly effective method of generating tax dollars for the city while providing a desirable service for those seeking development opportunities at the same time.”
The auction portfolio for the upcoming April 14th auction offers a variety of opportunity for investors; a commercial building on Taylor Street, a 3,836 square foot, 2-family colonial, four single-family homes, four residential condominiums units and several residential zoned land parcels.
“Folks shouldn’t miss this one. At the last city auction people were pleasantly surprised at how low some of the winning bids were.” Auctioneer Dan Flynn remarked.
He added: “Municipal auctions are attractive because, unlike foreclosure auctions, there are no liens. What you bid is what you pay plus the 5% buyers premium”
A 5% buyers premium covers the auction fee so the cost is added to each high bid which represents the final sale price. Anyone interested in participating in the auction should come prepared with a certified or bank check made out to themselves.
Interested parties should check the city website at www.springfieldcityhall.com or www.flynnauctions.com for open house schedules and property information.
Property tours will be held Sunday, April 6, 11 a.m. to 1 p.m.
AFFIDAVIT_Disclosure_of_Property_Owned
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Custodians_Notice_of_Sale
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