Public Auction of City-Owned Property
PLEASE REVIEW THE FOLLOWING INFORMATION BEFORE CONTINUING:
CITY OF TRENTON
Eric E. Jackson, Mayor
DEPARTMENT OF HOUSING AND ECONOMIC DEVELOPMENT
Division of Real Estate and Property Management
PUBLIC AUCTION OF CITY-OWNED PROPERTIES
Friday, December 16, 2016
12:00 P.M. (Doors open at 11:30 A.M)
City of Trenton – City Hall
Council Chambers, 2nd Floor
319 East State Street, Trenton, New Jersey 08608
All properties are sold “as is/where is.” It is not the responsibility of the City to determine if a bidder is qualified for mortgage or other financing, or to provide financing for a purchase. All successful bidders are required to make a non-refundable deposit in the amount of ten percent (10%) of the successful bid in the form of cash or certified check only. The City shall have the right to remove any property from the auction for any reason whatsoever upon until the time of the auction. The following properties will be open for inspection at the date(s) and time(s) listed below. Please be advised that you enter the properties AT YOUR OWN RISK. Please be sure to bring a portable light and heavy duty boots or shoes.
Please also visit www.trentonnj.org/PropertyAuction and www.restoringtrenton.org in the event there are any changes to the dates, times or properties listed. All interested, potential bidders will be required to pre-register for the auction via www.eventbrite.com or any other service the City deems appropriate by no later than 4:30 p.m. on the day prior to the auction, and will be required to pay a $150 NON-REFUNDABLE registration fee plus eventbrite servicing fee. No bidders will be permitted to register on the day of the auction. No refunds of registration fees will be allowed for any reason.
Frequntly Asked Questions About City Of Trenton Public Auctions:
Do I need to register in order to attend the auction?
No. You do not need to register if you simply want to attend and observe the auction.
Do I need to register if I want to bid on a property?
Yes. If you would like to bid on an auction property, you must register for the auction on www.eventbrite.com. You must register to bid no later than MIDNIGHT on Thursday December 15, 2016. Please be advised that no one will be allowed to register for the auction after this time.
Are there ID requirements or an age limit to enter the auction?
To bid on an auction property, you must be at least 18 years of age with a proper identification including a valid driver's license, birth certificate or a valid U.S. passport.
What are my transport/parking options getting to the auction?
There is on-street, metered parking directly located around Trenton City Hall on Stockton Street, East State Street and Armory Drive. Please be sure to bring sufficient change to feed the meter while you are attending the auction.
Can I bring food and drinks to the auction?
No. Food and/or drinks are strictly prohibited in the City Council Chambers.
Where can I contact the organizer with any questions?
If you have additional questions that are not answered above, all information regarding the upcoming auction can be found on www.trentonnj.org/PropertyAuction.
If you have additional questions, please contact the auction hotline at (609) 815-2151 and leave a detailed message. A staff member will return your call in a timely fashion.
Is my registration/ticket transferrable?
No. These tickets can only be used for this auction and cannot be used at any future auctions. Further, your registration ticket cannot be transferred or assigned to any other individual.
Do I have to bring my printed ticket to the auction?
Yes. Each registration ticket contains a unique number that is used to verify the identity of each registered bidder.
What is the refund policy?
The $150 registration fee is NON-REFUNDABLE. If you are the successful bidder, the registration fee will be accreditted to the purchase of the property at closing.
Under what circumstances will an individual be excluded from bidding on a property?
Individuals may be excluded from bidding on an auciton property if this individual 1) has previously purchased City-owned properties and has not complied with the terms and conditions of sale or has failed to consummate the purchase of those properties; 2) has submitted a check that was returned for insufficient funds and has subsequently failed to tender payment and the returned check fee; 3) has previously purchased one or more City-owned properties and, at the time of the auction, has yet to receive a Certificate of Occupancy for any property so purchased in the time period required; 4) owns or has more than 10% ownership stake in any property located within the City upon which there exists a tax arrearage of more than 2 quarters; 5) owns property located within the City upon which there exists outstanding citations for housing code violations; or 6) has lost a property in the past due to in rem tax foreclosure.
If I am declared the winning bidder, do I own the property?
No. After being declared the winning bidder, such winning bidder does not own the property until such time as the Trenton City Council adopts a resolution authorizing the sale, and the winning bidder closes on the property.
How will I be contacted after the auction?
The City will contact you primarily via the email address you used to register for the auction. To that end, please be sure to include an email address you frequently check so that you will not miss any important information.
Can I bid under another registered bidder's registration number?
No. Under no circumstance will any individual be permitted to bid under another registered bidder’s bid number. However, a spouse may bid under the other spouse's bidder registration.