Newspaper article THE JOURNAL RECORD

Sheriffs Sale

Newspaper article THE JOURNAL RECORD

Sheriffs Sale

Article excerpt



No. CJ-88-6303

To the general public and to persons or other entities and their unknown successors having an interest in the herein described property, which specifically includes, without limitation, the following: William James Tuggle and Barbara Jean Tuggle (a/k/a Barbara Jena Tuggle and a/k/a Barbara Tuggle), husband and wife. The above specified and all other persons or entities and their unknown successors having an interest in the herein described property whose actual address is unknown are hereby notified of the following sheriff`s sale.

NOTICE IS HEREBY GIVEN that on the 13th day of September, 1988, at 2 o`clock P.M., at the Oklahoma County Courthouse in Oklahoma City, Oklahoma (exact location on Courthouse premises can be obtained from the Sheriff`s Office), the Sheriff of said County will offer for sale, and sell, with appraisement, for cash, at public auction, to the highest and best bidder, all that certain real estate in Oklahoma County, Oklahoma, to-wit:

Lot Six (6), in Block Two (2) in PARK ESTATES 14TH ADDITION in Oklahoma County, Oklahoma, according to the recorded plat thereof

subject to unpaid taxes, if any, and further; if this action includes the foreclosure of a federal tax lien, United States of America will have, after the date of the Sheriff`s Sale, an additional 120 days to exercise its right of redemption under Title 18, Section 2410 of the United States Code, said property having been duly appraised at $22,000.00. The aforesaid sum is the ``Gross Appraised Value`` of the property. This property is subject to a first mortgage held by Federal National Mortgage Association as assigned to it by Lumbermen`s Investment Company in the current amount of $9,985.13. Therefore, the Net Appraised Equity Value of the property is the gross appraised value less the current balance of the first mortgage. In order to satisfy Oklahoma Statutes requiring a bid of more than 2/3 of the appraised value of the property, a bid in an amount which is more than 2/3 of the Net Appraised Equity Value on this property will be required, and said property will be purchased at said Sheriff`s Sale, subject to the first mortgage aforementioned. …

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