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REAL ESTATE AUCTION #1
Cunningham & Associates Real Estate, LLC
September 16, 2006 10:00 AM
BANKRUPTCY
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NO RESERVE
NO BUYERS PREMIUM |
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SUBJECT PROPERTY
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Lot in Malamig (Bulacan Province),
Philippines
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Lot Number: 030207-001-00035-2
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TD No: 00084
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Certificate of Title Number: T-13348
EP-00748445
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Legal Description: See Deed of Absolute
Sale
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2001 Assessed Value: $8,520.00
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The Debtor purchased this property on
8/9/01 for $300,000.00 Philippine Pesos ($5,882.00 US).
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Lot size: 33,606 +/- sq. ft. (3,734 sq.
meters)
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. Balance of successful bid must
be paid in cash or cashier’s check no later than 9/18/06, 12 PM. 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 and U.S. Bankruptcy court approval and subject
to higher and better offers at a post-auction court hearing. Bidders must
conduct all due diligence to satisfy themselves prior to bidding, including
on-site inspections, land investigations, and title searches. Bidder
understands Bidder is purchasing subject property in “as is” condition and
as such waives his/her review and approval of seller disclosure statement.
Seller makes no representations or warranties whatsoever. It is believed
that this property is free and clear of liens, however subject property will
be sold subject to any and all liens. 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: Bidders 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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