This bankruptcy auction is for the house and property ONLY.
Excellent opportunity to purchase a 1 acre ( +/- ) lot and potential fix- up or tear-down at a great value!
The United States Federal Bankruptcy Court Trustee is MOTIVATED to sell this asset ~
TERMS of AUCTION
AS IS, NO WARRANTIES or GUARANTEES expressed and/ implied.
All offers are subject to confirmation.
The auctioneer and Downtown Auction Company, its' employees are not real estate agents: potential buyers are encouraged to make an appointment with DAC to view the property and house prior to the auction. Call Ed Zedd at (757) 713 -1711.
Inspections are encouraged and any costs incurred are the sole responsibilty of the potential buyer.
Real Estate agents are welcome to call on behalf of a client.
A non-refundable 6 % Buyers Premium is in effect , payable at closing. Closing to occur in approximately 30 days, upon court approval. The BALANCE shall be paid IN FULL, by certified funds, at closing.
A non-refundable deposit of $ 5,000* (cashier's check) will be required, made payable to the trustee to secure
the offer. *this amount is a flat rate, and does not reflect an anticipated selling figure.
Why is the deposit non-refundable ?
The deposit ensures that the potential buyer is prepared with proper financing in place and is ready to make an honest offer, with the understanding that, should the financing not be available, or any other reason,the deposit is forfeited.