THE CITY OF SHREVEPORT MAKES NO WARRANTIES OR GUARANTEES OF ANY KIND WHATSOEVER, EXPRESS OR IMPLIED WITH RESPECT TO THE CONSTITUTIONALITY OF THE PURCHASE OF ADJUDICATED PROPERTY, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE ARE HEREBY DISCLAIMED AND EXCLUDED. THE CITY OF SHREVEPORT SHALL NOT BE LIABLE TO ANY APPLICANT, PURCHASER, OWNER OR ANY THIRD PARTY FOR ANY SPECIAL, PUNITIVE, INCIDENTAL OR CONSEQUENTIAL DAMAGES RESULTING FROM THE SALE OF ADJUDICATED PROPERTY.
THE PURCHASE OF ADJUDICATED PROPERTY IS AUTHORIZED UNDER THE STATE OF LOUISIANA, ACT 819, EFFECTIVE JANUARY 1, 2009. ALL APPLICANTS ARE STRONGLY ADVISED TO OBTAIN LEGAL COUNSEL PRIOR TO MAKING AN APPLICATION TO ACQUIRE ADJUDICATED PROPERTY AND TO REVIEW THE APPLICATION FOR PURCHASE OF ADJUDICATED PROPERTY.
THE USE OF ADJUDICATED PROPERTY AS COLLATERAL AND THE ABILITY TO RESELL OR RECONVEY ADJUDICATED PROPERTY IS NOT WARRANTED OR GUARANTEED. IF PROPERTY IS ENCUMBERED WITH FEDERAL TAX LIENS, THE INTERNAL REVENUE SERVICE HAS THE RIGHT TO REDEEM SAID PROPERTY BEYOND THE DATE OF SALE. THE APPLICANT SHALL NOT HAVE ANY RECOURSE AGAINST THE CITY OF SHREVEPORT OR THE CITY COUNCIL OR ANY OF ITS OFFICERS, ADMINISTRATORS, EMPLOYEES, ATTORNEYS, OR ANY OTHER AGENT FOR ANY DEFECT OF TITLE OR ANY DEFECTS IN THE PROPERTY.
THE UNDERSIGNED HEREBY AGREES AND CERTIFIES THAT I HAVE READ AND UNDERSTAND THE
APPLICATION AND GENERAL CONDITIONS FOR SALE OF ADJUDICATED PROPERTY, I FULLY
UNDERSTAND AND AGREE THAT IN ACCORDANCE WITH SAID CONDITIONS, I AM NOT THE
ORIGINAL OWNER OF RECORD OR AN IMMEDIATE FAMILY MEMBER OF THE ORIGINAL OWNER
OF RECORD, NOR DO I HOLD A FINANCIAL INTEREST IN THE ADJUDICATED PROPERTY NOTED IN
THIS APPLICATION FOR SALE OF ADJUDICATED PROPERTY