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SUBJECT PROPERTY
BANKRUPTCY
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Vacant residential lot in White Bluff Resort,
Whitney, Texas
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Hill County Assessor Parcel ID: 24079338
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This is a master planned 3,450-acre community
on Lake Whitney, Texas. Lake Whitney is consistently voted the #1 lake in
Texas. The 2-golf courses are ranked in the top 10 resort courses in Texas.
24-hour security, private roads, security gated entry,
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Subdivision Amenities: 2 18-hole golf
courses, 2-club houses with pro shops, 47-room hotel with convention center,
4-swimming pools, 3- tennis courts, marina will 51 boat slips, exercise
facilities.
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Legal Description: Lot 35 of The White Bluff
Forty-Five Subdivision, Hill County, Texas
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Lot size: 7,000 square feet +/-
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Minimum house size in subdivision: 1,200
square feet
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No mobile homes allowed in subdivision
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Debtor paid $49,154.00 for this property in
2001.
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Similar parcels in the resort have recently
been sold for $45,000.00 - $75,000.00.
GO TO:
www.whitebluffresort.com for more information on this incredible community.
TERMS: $1,000.00 cash/cashier’s check deposit
made out to bidder in order to obtain a bidder’s card. This deposit is
refundable to all unsuccessful bidders. Successful bidder must pay balance
in-full no later than Monday, May 22, 2006 12 PM or forfeit deposit
(non-refundable deposit). Balance is non-refundable once deposited. All
bidders are encouraged to personally inspect the subject property prior to
auction as this property will be sold “as is” and “where is”. Sale is subject
to Bankruptcy Trustee approval. Bidders must conduct all due diligence to
satisfy themselves prior to bidding, including on-site inspections, land
investigations, title searches. Buyer understands buyer is purchasing subject
property is “as is” condition and as such waives his/her review and approval of
seller disclosure statement. Bankruptcy Trustee will make available a Trustee’s
Deed to the Buyer approximately 2 weeks after the auction. Above information is
deemed reliable, however it is the responsibility of each bidder to confirm
above information prior to auction.
By signing below, the successful bidder agrees
to the above terms and conditions, waives all inspections/surveys after
auctioneer says “sold”, and agrees to agency disclosure that Cunningham &
Associates Real Estate, LLC represents the seller exclusively.
Please note: Buyers must read the terms and
conditions for each property they are interested in prior to auction as the
deposit amounts and/or who the cashier’s check is made out to may be different
for each property to be sold in auction
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