Pre-Foreclosure Property Auction...Great Rio Oso Location Very motivated seller was transferred out of state and needs the property sold now. Possibilities abound on 1.24 acres, perfect for horses, sheep, goats, ducks, chickens... you name it! Property is fenced and cross fenced. Large outbuilding is divided in two with one side being used as a tack room and the other is ready for setup as a shop/studio. A little work on this home will go a long ways, Must see to appreciate.
All types of Financing are Accepted. An all cash purchase is not required, all types of financing are accepted. There is no minimum to bid; the highest and best offer will be submitted to the lender/bank for final approval.
This is an Amazing Opportunity. Act now before it's gone forever!
A bidder’s package can be downloaded in the files section or picked up at the Auction Previews. Any and all inspection requests will be honored, just ask the auctioneer to set up a time for your inspector.
Auction Basics: All properties are offered with free and title. The winning bid will be submitted to the bank for final approval. Once the sale is approved, the buyer will have an additional 7 days contingency period to complete any additional inspections. The buyer will pay a 5% transaction fee through escrow as a closing cost.
Please read the complete terms and conditions of auction before placing any bids.
Bidwell Properties, Inc. (hereinafter Auctioneer) in conjunction with Realty Executives Network (hereinafter Listing Agent or Listing Broker) will offer the property for auction on the BIDWELLAUCTIONS.COM, internet website according to the following terms and conditions:
2.
You must be 21 years of age to bid. If you are the high bidder and FAIL TO SIGN THE PURCHASE CONTRACT WITHIN 48 HOURS You forfeit your bid and agree to pay Bidwell Partners $350.00 plus any collections and/or attorney fees.
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This property is currently a pre-foreclosure and the sale is subject to lender/bank approval. You must preview the property in order to bid. Once a sale is approved there will be a 7-day inspection contingency period.
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Announcements and information, provided on the BIDWELLAUCTIONS.COM website will take precedence over printed material. THE PROPERTY IS SOLD “AS IS,” AND ALL SALES ARE FINAL. The SUCCESSFUL BIDDER ACKNOWLEDGES THAT THE AUCTIONEER AND THE SELLER HAVE MADE NO IMPLIED WARRANTY OR REPRESENTATION OF ANY TYPE AS TO THE PROPERTY CONDITION AND THAT THE PROPERTY IS SOLD WITHOUT ANY WARRANTIES WHATSOEVER, EXPRESSED OR IMPLIED AND SPECIFICALLY THERE IS NO WARRANTY OR MERCHANTABILITY AND NO WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. Though all descriptions and information are believed to be correct, in no event shall auctioneer, listing broker or seller be held responsible for having made or implied any warranty of description, genuineness, condition etc. The property is open to thorough public inspection at the published property preview dates. The property will be made available to the buyer’s inspectors for 7 days following the sale approval.
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Auctioneer reserves the right to withdraw or extend time for any item before or during the auction. Only registered bidders may bid on the property being sold, any exceptions to this requirement shall be within the sole discretion of the Auctioneer. No allowances, adjustments or rescission of sale will be allowed based upon failure of the property to correspond to a particular need. The registered bidder will be responsible for any purchase made with his or her unique BidwellAuctions.com identity and password.
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A TRANSACTION FEE OF 5% WILL BE CHARGED TO THE BUYER AS A CLOSING COST, DUE AND PAYABLE AT CLOSE OF ESCROW. THIS FEE IS PAID DIRECTLY TO BIDWELL PARTNERS AND IS NOT INCLUDED IN THE PURCHASE PRICE.
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Bidder acknowledges that a deposit of $2,500.00 is required within 48 hours upon being declared the winning bidder; this money will be returned immediately if the sale is not approved by the lender/bank, otherwise it will be deposited into escrow.
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RESPONSIBILITY OF BIDDER AND INDEMNIFICATION: Bidder agrees to assume the defense of and indemnify and hold harmless BIDWELL PARTNERS, THE AUCTIONEER AND THE LISTING BROKER for all claims, loss, damage, injury and liability of every kind, directly or indirectly caused by acts of bidder and/or it’s agents in connection with this auction or the use of the property by the successful bidder.
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If the foregoing conditions or any other applicable conditions are not complied with, in addition to other remedies available to BIDWELL PARTNERS, THE AUCTIONEER, THE LISTING BROKER and the Seller by law, including, without limitation, the right to hold the successful bidder liable for the bid price. BIDWELL PARTNERS, THE AUCTIONEER AND THE LISTING BROKER, as its option may either (a) cancel the sale, retaining as liquidated damages all payments made by the successful bidder or (b) resell the property publicly or privately and in such event, the successful bidder shall be liable for payment of any deficiency plus all costs, including the holding costs of the property, the expense of both sales and BIDWELL PARTNERS TRANSACTION FEE and incidental damages. In any action to enforce and/or recover damages pursuant to this document THE AUCTIONEER. shall be entitled to recover its attorney fees, expenses and all cost of suit incurred in such action.
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BROKER PARTICIPATION INVITED: Subject to established LISTING BROKER guidelines.
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All information in this brochure was derived from sources believed correct, but is not guaranteed. ALL PROPERTY MEASUREMENTS ARE APPROXIMATE. It is Buyer’s responsibility to verify all permits, property use and property specifications within the 7-day inspection period contingency.
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