|
|
|
THIS IS A PAST AUCTION click here for our schedule of upcoming auctions Public Real Estate Auction #2 Bankruptcy To be sold at: December 10, 2003 – 10:00 A.M. 3138 W. Durango Street Phoenix, AZ 85009 PROPERTY TO BE SOLD Legal Description: Lot 53, Unit 13 Pueblo County Colorado City, CO · 13,657 square foot residential lot · 2003 taxes: $64.06 This property was purchased by the debtor on June 3rd, 1976 for $5,600.00. Recent sales indicate today’s value of this land to be between $12,000.00 - $15,000.00. To find these recent sales log onto www.pueblocountyassessor.org. All offers subject to Trustee and U.S. Bankruptcy Court approval. BANKRUPTCY REAL ESTATE AUCTION TERMS AND CONDITIONS Residential lot in Colorado City, CO on Wednesday, December 10th, 2003, 10:00 A.M. Auction to be held at: Cunningham & Associates, Inc. 3138 W. Durango Street, Phoenix, AZ 85009Legal Description: Lot 53 of Unit 13 of Colorado City, according to the Plat or Amended Plat thereof, filed for record in the office of the County Clerk and Recorder on January 25th 1968, in Book 1628. Pages 606 and 609, inclusive, excepting therefrom all water in and under said land and water rights appurtenant thereto. Parcel Number: 47-221-13-009 Lot size: 13,657 square feet +/- according to Pueblo County, CO Assessor. Pueblo County Assessor’s web page: www.pueblocountyassessor.org NO BUYER’S PREMIUM in this or any other Cunningham & Associates, Inc. auction. Prior to auction day, Cunningham & Associates, Inc./Realty Executives and The Seller will agree and finalize the Terms & Conditions of the auction sale. Buyers are advised of the requirements well in advance of auction day and additionally, on auction day. The following are the Terms and Conditions utilized, unless changed in accordance with this paragraph, prior to auction. PREVIEWThis real estate will be available for inspection by appointment only. Prospective Purchasers are encouraged to personally inspect the property for sale as this property will be sold “AS IS”. BIDDER DEPOSITSAll Bidders are required to deposit a $5,000.00 cashier’s check made out to Bidder to obtain a Bidder’s Card. All Unsuccessful Bidders will receive their deposit/certified funds immediately following the auction. EARNEST MONEY DEPOSITThe Successful Bidder must provide 10% of the High Bid immediately after being deemed “Successful Bidder” as a non-refundable down payment. This deposit must be in the form of a wire transfer or cashier’s check and must be made out to First American Heritage Title Company, Pueblo, CO. Payment-in-full is required by 5:00 P.M. Friday, January 9th, 2003. CLOSINGEscrow company shall be First American Heritage Title Company, Pueblo, CO. The difference between the 10% earnest deposit and the purchase price will be due and payable at closing. Closing will be scheduled on or before Friday, December 12, 2003. Buyer to pay Buyer’s share of closing costs, as determined by escrow company. DEFAULTThe property will be sold for cash to close within 30 days. SALES ARE NOT CONTINGENT ON FINANCING. It is strongly recommended that all prospective purchasers pre-qualify themselves prior to auction. If closing is delayed by actions or failure to comply with these auction terms and conditions by a Successful Bidder, default may be declared and the earnest money deposit may be retained by the Trustee. BACK-UP BIDDERThe Auctioneer may take a back-up offer from the second highest Bidder. The Back-Up Bidder must purchase the property at its bid price by 5:00 P.M. of the next business day after being offered the property. In the event the Highest Bidder fails to perform as required, the property will be offered to the Back-Up Bidder. At the time all original terms of sale will become the responsibility of the Back-Up Bidder including the deposit requirements. CONDUCT OF THE AUCTIONThis property is to be sold to the Highest Bidder. There will be NO BUYER’S PREMIUM added to the highest bid. This property will be the first of two real properties to be sold December 10th, 2003 at 10 AM. The second property to be sold 4 – 40 acre +/- parcels in Ash Fork, Arizona. OTHER CONDITIONSNo Bidder shall offer an advance upon the previous bid of less than such amount as the Auctioneer may in sole discretion direct. The auction will be recorded and the Auctioneer’s sales records shall be conclusive in all respects. It is the sole responsibility for the buyer to conduct ALL due diligence prior to auction. Due diligence may include (but is not limited to) home inspections, appraisals, termite inspections, roof inspections. A copy of the preliminary title report will be made available to prospective buyers for inspection. Please contact Carl Cunningham for a copy of this preliminary title report at 602-647-4900. All offers are subject to Trustee and U.S. Bankruptcy Court approval. Approval is expected by December 11, 2003, 5:00 P.M. AUCTION RULESAll announcements made from the auction block will take precedence over any previously printed material or any oral statement made. In the event of any dispute between Bidders, the Auctioneer’s decision will be final. The Auctioneer reserves the right to refuse admission or ask an attendee to leave the auction. Auctioneer reserves the right to withdraw or add any property to the auction. TITLEThis property is guaranteed by Seller to transfer free and clear of all liens, but is subject to tax pro-ration, restrictions, reservations, and easements of record, zoning, environmental protection, and other municipal, federal and state laws or facts which an accurate survey and/or inspection of the tract being sold might show. Though care has been taken in its compilation, Auctioneer does not warrant the accuracy of any of the information provided about the property. BROKER PARTICIPATIONUp to a 2% co-broke will be available for any properly licensed Arizona real estate broker, whose client is properly registered under Auction Company Guidelines, and pays and settles in full for the property. Please call 602-647-4900 for registration guideline information a minimum of 24 hours prior to auction to register Client. REGISTRATIONBuyer’s Broker/Agent must fax/e-mail 480-733-4748/(carl@auctionaz.com) Client’s name, Broker/Agent name, company, phone number in order to qualify for the broker participation co-broke commission. PROPERTY SALES, AGENCY, DISCLOSUREAt closing additional sums may be demanded from you as Buyer, in the form of closing costs. Listed below are some of the items of which you need to be aware: 1) CASH: If you are paying cash at closing, your costs will include the Buyer’s and Seller’s share of prorated expenses, filing fees, plus attorney’s fees should you decide to hire an attorney. 2) Mortgage: If you obtain a mortgage, any costs associated with obtaining the mortgage, including but not limited to inspections, points, application fees, appraisal, recording fees, intangible tax on the mortgage plus attorney’s fees, should you decide to hire an attorney. 3) AGENCY DISCLOSURE: Cunningham & Associates, Inc. Auctioneers is by this document giving notice to the Buyer that they are the Agent and Representative of the Seller. The undersigned acknowledges that the written notice was received before the undersigned executed a contractual offer.
SIGNED,
BID NUMBER _______________ |
|
This site was updated Wednesday, February 1, 2012 Cunningham & Associates, Inc.
is the leading Bankruptcy and Industrial auction company in Arizona |
