The real property will be offered at public auction with online only bidding. Bidding begins February 15, 2012 and ends February 29, 2012 at 3 PM Eastern Time.The real estate taxes will be pro-rated at closing. The deed will be a Trusee's/Quit Claim deed. The deed will be paid for by the sellers, the deed stamps paid by the sellers, and recording fees to be paid by the buyers.
All improvements, buildings, sheds, structures, etc., sell with the property. The property and all improvements, if any, will be sold on an As-Is, Where is, with all faults basis. No representations or warranties, express or implied, concerning the property is made by neither the sellers nor the seller's agents. Descriptions of the improvements and property are believed to be correct but are not guaranteed. You are encouraged to conduct your inspections and due diligence prior to bidding and buying at the auction. Inspect properties AT YOUR OWN RISK. The real estate is being sold subject to any and all easements or right of ways. Lease payments or rents, if any, will be pro-rated at closing. Crop allotments, mineral rights, timber rights, water rights, if any, will transfer with the deed.
The auction sale is not subject to financing. Failure to close for ANY REASON WHATSOVER will result in the forfeiture of the deposit. NO EXCEPTIONS. Terms are for a 10% deposit by credit card for online bidding. For buyers bidding at the bid center on February 29, 2012 a 10% deposit is required by cash, credit card or check. The balance is due on all purchases and transactions no later than March 30, 2012. Buyers will be asked to sign an agency disclosure form stating that buyer is aware that Rogers represents the seller. Rogers' agents represent the seller and the sellers interest in the transaction. Buyers will sign a residential property disclosure statement, stating properties sell AS IS,for properties with improvements. Buyers will sign a lead based paint addendum for improved properties.
There are not any environmental studies, phase 1, phase 2, phase 3 studies available. There are not any soil or water studies for review. There is no personal property or merchandise being transferred with the real property. Closing is to take place in not more than 30 days from the final date of the auction. All closing costs for the benefit of the buyer such as appraisals, surveys, loan applications, inspections, title searches, title insurance, etc. are the responsibility of the buyer. The seller is not paying for any of the buyer's closing costs. Possession will be given at closing.
This auction is conducted subject to a reserve/minimum bid established by the seller. The seller has the right to accept, reject or counter any and all bids or offers made that are less than the reserve/minimum bid. All bids that exceed the reserve/minimum bid will be accepted by the seller. In case of a tie bid or dispute over who is the high bidder, the auction company has the sole discretion to determine the high bidder and may or may not re-open the bidding to determine the highest bid and settle the disputed bid.
Auction company reserves the right to refuse to register any prospective bidder for any reason, or to require a cash deposit from a prospective bidder of an amount designated by Auction company and paid in advance by the prospective bidder to Auction company. Such deposit will be applied to any purchases made at the auction by the prospective bidder. At the end of the auction, Auction company will refund any portion of this deposit that has not been applied to purchases. Furthermore, Auction company will require the removal of any person from the auction site for any reason including, buy not limited to: (1) tampering with auction assets, properties or lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the laws.
The real property is being sold subject to restrictive covenants and homeowner's association rules, regulations and dues, if any.
ONLINE BIDDING - Minimum bidding increments will be $50 dollars above the reserve/minimum bids for online only bidding.
You must register in advance by clicking on Register to Bid. You must be pre-approved before you receive a bidder number. You will be required to provide a valid credit card number. Should you become a winning bidder and buyer, your credit card will be processed immediately for a 10% deposit based on the purchase price. The auction company may refuse to register anyone at it's sole discretion. The auction company provides online bidding as a convenience for those that can not attend the bid center event. The auction company will not be liable for any faulty equipment, failure of equipment, faulty software, failure of software, lack of internet service connections or signals, or failure for any online bids that are not relayed on time to the auction company.
The auction company reserves the right to reclaim and resale any assets not paid for by the online buyer. Should the resale price be lower than the defaulted buyer's price, Auction Company reserves the right to seek the difference from the initial online buyer. All fees for collection, court fees, or attorney fees will be the responsibility of the original buyer that caused the default. All sales are final. No refunds are given. Everything sells strictly AS IS, without warranty whatsoever. The auction company makes every effort to describe assets to the best of its ability but there are no guarantees as to the condition, quantity, condition, age, color, or value of the merchandise sold online. Buyer agrees that buyer may not cancel the purchase agreement for any reason.
Holiday Inn, 530 Jake Alexander Blvd., Salisbury NC 28147 704-637-3100